§3550.113. Rates and terms (loans only).
7 C.F.R. § 3550.113
Interest rate. The interest rate for all section 504 loans will be 1 percent.
Loan term. The repayment period for all section 504 loans will be 20 years.
Notes, amendments, and revision history
Amendments
[61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773, Feb. 7, 2022]
Authority
Authority: 5 U.S.C. 301; 42 U.S.C. 1480.
Source
Source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.
Amendments
[61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773, Feb. 7, 2022]