922 loans Options
922 loans Options
Blog Article
If any provision of the chapter, or the application thereof to anyone or situation, is held invalid, the remainder from the chapter and the appliance of such provision to other folks or instances shall not be affected therefore.
(A) with respect to merchandise for which the regulatory authority with jurisdiction around the provision of such companies has authorised the depreciation fees employed by the borrower, this kind of permitted fees; and
An qualified entity that receives a grant underneath the Program shall make use of the grant to carry out a undertaking that—
The Secretary may not create a payment assistance financial loan under paragraph (2)(B) to an entity getting a grant under this part that may be also the receiver of a financial loan beneath subchapter I or II that is definitely related to these types of grant.
inserted provisions prohibiting Administrator from providing guidance to phone borrower Unless of course borrower specifically applies therefor.
When the Secretary herein provided for is found from the President of America for being responsible of a violation of this area, he shall be faraway from office from the President, and any appointee or number of officials or personnel produced by the Secretary that's discovered guilty of a violation of this chapter shall be eliminated by the Secretary.
(aa) the curiosity amount on professional loans for a similar interval that afford the borrower such a proper; exceeds
A distribution borrower not in default over the repayment of loans made or insured below this chapter shall be eligible for discounted prepayment as offered During this subsection. For the goal of determining eligibility for discounted prepayment under this subsection or eligibility for assistance under this chapter, a default by a borrower from which a distribution borrower buys wholesale power shall not be regarded as a default from the distribution borrower.
A borrower which has prepaid an insured or direct loan shall keep on being qualified for support below this chapter in the same way as other borrowers, other than that—
(five) the tactic by which the Secretary decides that a provider allows a subscriber to originate and receive high-quality voice, data, graphics, and movie for needs of delivering broadband support below this chapter;
The Secretary shall make certain that the sort and level of, and means of stability utilized to secure, any mortgage or financial loan assure beneath this part is commensurate to the chance associated with the personal loan or mortgage assurance, significantly in almost any circumstance in which the loan or financial loan warranty is issued to the economically strong and secure entity, as based on the Secretary.
The interest price described On this subparagraph on the financial loan to an applicant with the loan shall not exceed 7 percent if—
Pub. L. a hundred and fifteen–334, § 6211, substituted “furnishing phone support in rural parts, together with indebtedness of recipients on Yet another telecommunications financial loan produced beneath this chapter.” for “furnishing phone service in rural places: Provided, That such refinancing shall be determined by the Secretary to more info get vital as a way to furnish and increase phone company in rural areas: And furnished even more, That these refinancing shall constitute not over forty for every centum of any personal loan produced below this subchapter.”
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