The term of each loan is determined by the DEC using Federal and State guidelines.
Principal and Interest Payments
Again using Federal and State guidelines, a loan repayment schedule is developed by the DEC. The trustee, currently Peoples United Bank, manages the loan repayment process by issuing invoices and collecting payments.
Prepayment of Loans
SRF loans may be prepaid at any time. Contact the VMBB for more information.