§232.560. Interest rate.
24 C.F.R. § 232.560
The loan shall bear interest at the rate agreed upon by the lender and the borrower.
Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.
Notes, amendments, and revision history
Amendments
[39 FR 28966, Aug. 12, 1974, as amended at 53 FR 3366, Feb. 5, 1988; 53 FR 8885, Mar. 18, 1988]
Source
Source: 39 FR 28966, Aug. 12, 1974, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1715b, 1715w, 1735d, and 1735f-19; 42 U.S.C. 3535(d).
Source
Source: 36 FR 24618, Dec. 22, 1971, unless otherwise noted.
Amendments
[39 FR 28966, Aug. 12, 1974, as amended at 53 FR 3366, Feb. 5, 1988; 53 FR 8885, Mar. 18, 1988]