The 2-Minute Rule for 922 loans

The 2-Minute Rule for 922 loans

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relating to prepayment of loans were established out to be a Take note underneath part 936 of the title and have been repealed by

The Secretary shall consult with the Fee ahead of providing broadband help to get a job to provide a location with respect to which An additional entity is acquiring Join The us Fund or Mobility Fund support under the Federal common service assistance mechanisms set up below segment 254 of title forty seven.

A lender shall not get a promise under this part for just a bond or Notice if, at some time in the warranty, the entire principal number of these kinds of certain bonds or notes excellent with the lender would exceed the principal quantity of excellent loans in the lender for suitable needs explained in subsection (a)(1).

All loans and bank loan guarantees offered beneath this area shall be created matter to these kinds of phrases, situations, and adequacy of security requirements as might be imposed by the Secretary.

The Secretary shall consider the existing recurring revenues with the entity at time of application in analyzing an adequate degree of credit score aid.

Any amounts during the reserve set up for a Condition to get a fiscal 12 months below subparagraph (B) that aren't obligated by April one on the fiscal calendar year shall be available to the Secretary for making loans and bank loan guarantees beneath this section to qualified entities in almost any Condition, as determined by the Secretary.

(i) The common earnings for each kilowatt-hour bought with the applicant isn't fewer than one hundred twenty p.c of the typical earnings per kilowatt-hour offered by all utilities in the Condition in which the applicant gives service.

If a borrower satisfies the penalty requirements of paragraph (1) by increasing the excellent principal balance of the loan progress that is certainly being refinanced, the borrower shall make a payment at the time of the refinancing equivalent to 2.

The Secretary shall assessment the bonding needs for all plans administered by the Rural Utilities Company less than this chapter to ensure that bonds are not demanded if—

(five) the strategy by which the Secretary decides that a support enables a subscriber to originate and obtain superior-high-quality voice, info, graphics, and video for functions of giving broadband assistance beneath this chapter;

substituted "of which the holder had genuine expertise at the time it turned a holder" for "of which the holder has actual understanding".

A borrower of a personal loan produced by the Federal Financing Financial institution and guaranteed underneath segment 936 of this title may well, at the option of the borrower, refinance or prepay the personal loan or an progress about the mortgage, or any portion of get more info the bank loan or advance.

Any facet of the location might be transformed, supplemented, deleted or up-to-date by us with or all at once at our sole discretion.

(five) provide facts to electrical and telephone borrowers under this chapter in regards to the eligibility of this sort of borrowers to apply for financial aid, loans, or grants from other Federal businesses and non-Federal sources to enable these types of borrowers to increase their rural development endeavours; and