922 loans for Dummies
922 loans for Dummies
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inserted prerequisite that the Secretary of Agriculture testify before the Home Committee on Agriculture and also the Senate Committee on Agriculture and Forestry Each and every calendar yr on or prior to February fifteenth or other date specified by the Committees to offer justification intimately of the amount asked for during the spending budget to become appropriated for the following fiscal 12 months.
When figuring out inhabitants density under this section, the Secretary shall prescribe a calculation process which—
In awarding aid under this segment, the Secretary shall give priority to proposals for assignments that—
(three) could give the best funding priority to designated jobs in substantially underserved believe in spots; and
(i) post to the Secretary an application at these types of time, in these kinds of manner, and that contains such facts as the Secretary may possibly require;
§two(a), amended subsec. (a) normally. Prior to amendment, subsec. (a) examine as follows: "A direct or insured bank loan built below this chapter shall not be marketed or pay as you go at a value a lot less than the confront price of any exceptional principal harmony on this sort of personal loan, besides when marketed to or pay as you go with the borrower in the lesser with the exceptional principal harmony thanks within the bank loan or perhaps the personal loan's present value discounted from your deal with benefit at maturity at the speed established by the Administrator.
§934. Licensed economic transactions; interim notes; order of obligations for resale; sale of notes and certificates; liens
, That for a duration of 1 12 months from and right after Oct 28, 1949, apps for loans been given from the Secretary from folks who on October 28, 1949, are engaged from the operation of present telephone assistance in rural areas shall be considered and acted on just before action is taken on any software received from another particular person for virtually any financial loan to finance the furnishing or improvement of phone provider to substantially the identical subscribers." in 2nd sentence and "Which no duplication" for ", nor shall these kinds of personal loan be produced in any State which now has or might hereafter Use a Point out regulatory overall body owning authority to manage phone service and also to require certificates of ease and necessity for the applicant Except if such certification from these types of company is first acquired.
For the purpose of determining the eligibility click here of a distribution borrower not in default over the repayment of the bank loan produced or confirmed beneath this chapter for just a personal loan, financial loan ensure, or lien accommodation below this subchapter, a default by a borrower from which the distribution borrower purchases wholesale ability shall not—
Loans and grants needed below this section shall be made to the total extent on the amounts produced offered beneath subsection (e).
Apart from as provided in paragraph (2), a direct or insured loan made underneath this chapter shall not be offered or pay as you go at a value that may be a lot less than the remarkable principal equilibrium within the personal loan.
(I) apart from within the discretion of the Secretary, to apply for or receive immediate or insured loans explained in clause (i) in the a hundred and eighty-thirty day period period of time starting around the day of the prepayment; or
Issue to paragraph (two), for applications of the part, the least suitable standard of broadband assistance for your rural place shall be not less than—
All money equilibrium amounts (attained from cushion of credit payments, personal loan payments, and various resources) held through the Fund shall bear desire on the Fund in a fee equal towards the weighted average charge on superb certificates of useful possession issued through the Fund.