922 loans - An Overview
922 loans - An Overview
Blog Article
The Secretary shall immediately make available to the general public, one a totally searchable database on the website of the Rural Utilities Assistance which contains info on all retail broadband projects offered guidance or for which aid is sought that are administered through the Secretary, which include, in a minimum amount—
The Secretary may perhaps deny the ask for of the lender for that ensure of the bond or Observe less than this section In case the Secretary decides that—
(bb) the interest rate on commercial loans for the interval that don't afford to pay for the borrower this kind of ideal.
(aa) the amount (if any) by which the price cut the borrower been given by reason in the prepayment exceeds the price cut the borrower might have received had the discounted been based on the cost of money on the Division on the Treasury at time on the prepayment; and
§926. Particular rural growth investments by qualified phone borrowers not dealt with as dividends or distributions
inserted provisions relating to loans produced by Federal Financing Lender with respect to assures issued below this section, and substituted "an insured personal loan" for "a financial loan insured on the normal amount".
(i) the quantity of quarterly payment dates amongst the day with the refinancing or prepayment as well as the maturity day for your loan advance; bears to
amended section commonly, inserting area catchline and substituting present-day provisions for provisions relating to money of Secretary, like provisions for loans by Secretary of your Treasury, authorization of appropriations, allotment of resources for loans in States, loans of unallotted resources, and unexpended resources and limitation on use.
(ii) to the interval involving the day of your refinancing or prepayment and the first quarterly payment date that occurs twelve several years after the close from the yr through which the quantity staying refinanced or pay as you go was Highly developed, the existing worth of the difference between—
(B) In the situation of deferments manufactured to permit the borrower to supply Group enhancement guidance, specialized assistance to enterprises, and for other Local community, enterprise, or economic progress assignments not included underneath subparagraph (A), the deferment shall be repaid in equal installments, without the accrual of desire, about the 120-thirty day period period starting around the day on the deferment, and the total number of this sort of payments shall be equivalent to the amount of the payment deferred.
The Secretary shall make sure the type and volume of, and technique of security used to secure, any bank loan 922 loans or financial loan guarantee below this area is commensurate to the danger associated with the financial loan or personal loan guarantee, specifically in any case wherein the personal loan or bank loan warranty is issued to a financially robust and steady entity, as determined by the Secretary.
A lender that gets a assure issued below this area over a bond or Take note shall pay a charge on the Secretary.
involved the transmission of sounds, indicators, pictures, composing, or indications of all kinds in "phone support", and substituted "information telegram services or Local community antenna tv program products and services or facilities aside from Those people intended completely for academic purposes" for "telegraph companies or amenities".
In the case of zero desire loans, the Secretary shall set up such fair repayment phrases as will encourage borrower participation.