The 5-Second Trick For 922 loans
The 5-Second Trick For 922 loans
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The time period "broadband assistance" suggests any technologies recognized via the Secretary as acquiring the capability to transmit information to enable a subscriber to the support to originate and get superior-excellent voice, facts, graphics, and movie.
We reserve the best to seek all therapies at legislation As well as in fairness for violations of such Stipulations, such as the correct to dam access to This web site from a certain IP handle.
The Secretary may not, to be a issue of constructing a telephone mortgage to an applicant therefor, need the applicant to—
(3) deny a bank loan or advance to, or take any other adverse motion from, an applicant for, or maybe a borrower of, a telephone financial loan underneath this chapter for virtually any reason that isn't determined by a rule, regulation, bulletin, or other written policy standard that has not been revealed pursuant to section 553 of title five.
§926. Selected rural improvement investments by capable phone borrowers not handled as dividends or distributions
(B) any space within a provider area of a borrower for which a borrower has an outstanding financial loan made below subchapters I by means of V as from the date of enactment of this paragraph.
The Secretary is licensed and empowered to check here increase time of payment of interest or principal of any loans created by the Secretary pursuant to this chapter, besides that, with respect to any personal loan built underneath part 904 or 922 of this title, the payment of desire or principal shall not be extended much more than 5 years right after this sort of payment shall have grown to be due.
inserted at conclusion "The Administrator might not request any applicant for an electric mortgage below this chapter to apply for and settle for a bank loan within an amount exceeding 30 % of the credit history wants of your applicant."
(i) The average variety of subscribers per mile of line while in the support region of the applicant is just not over four.
substituted provisions creating an desire amount at five for every centum per annum in addition to a reduced fee, but not lower than two per cent, beneath the enumerated conditions, for provisions developing conventional and Distinctive charges, with special prices relevant below enumerated requirements.
Other than as offered in paragraph (2), a immediate or insured bank loan created underneath this chapter shall not be offered or prepaid at a worth that is certainly less than the fantastic principal stability about the loan.
(ii) in the situation of the guaranteed personal loan, the current relevant marketplace rate for the financial loan of equivalent maturity; and
"(1) creating modern-day telecommunications know-how and solutions readily available in rural parts in The usa promotes economic development and enhances the quality of life in rural places; and
In combination with any other funds or authorities in any other case built available below this chapter, the Secretary could make electrical loans beneath this subchapter for electric generation from renewable Power sources for resale to rural and nonrural inhabitants.