(a) Borrower payments. Borrowers must submit their loan payments in a form acceptable to the Agency, such as checks and money orders. Forms of payment not acceptable to the Agency include, but are not limited to, cash, foreign currency, foreign checks, and sight drafts.
(b) Crediting account. The Agency credits the borrower's account as of the date the Agency receives payment.
[72 FR 63309, Nov. 8, 2007, as amended at 87 FR 13124, Mar. 9, 2022]