---
kind: "section"
citation: "42 C.F.R. § 57.1512"
title: "42"
number: "57.1512"
heading: "Length and maturity of loans."
url: "https://uscodex.org/cfr/42/57.1512"
---

# §57.1512. Length and maturity of loans.


The repayment period for loans with respect to which guarantees are made or interest subsidies paid under this subpart shall be limited to 30 years: Provided, That:

- (a) The Secretary may, in particular cases where he determines that a repayment period of less than 30 years is more appropriate to an applicant's total financial plan, approve such shorter repayment period;
- (b) The Secretary may, in particular cases where he determines that, because of unusual circumstances, the applicant would be financially unable to amortize the loan over a repayment period of 30 years, approve a longer requirement period which shall in no case exceed 40 years; and
- (c) In no case shall a loan repayment period exceed the useful life of the facility to be constructed with the assistance of the loan.

## Notes

### Authority

Authority: Sec. 727, Public Health Service Act. 77 Stat. 170, as amended (42 U.S.C. 293g).

### Source

Source: 38 FR 31836, Nov. 19, 1973, unless otherwise noted.