§3560.616. Rates and terms.

7 C.F.R. § 3560.616

(a)

The interest rate for on-farm labor housing loans will be 1 percent.

(b)

The term of the on-farm labor housing loan will not exceed 33 years.

(c)

Loan amortization for on-farm labor housing may be on a monthly or an annual basis.

Notes, amendments, and revision history

Authority: 42 U.S.C. 1480.

Source: 69 FR 69106, Nov. 26, 2004, unless otherwise noted.