---
kind: "section"
citation: "7 C.F.R. § 3560.616"
title: "7"
number: "3560.616"
heading: "Rates and terms."
url: "https://uscodex.org/cfr/7/3560.616"
---

# §3560.616. Rates and terms.

- (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

### Authority

Authority: 42 U.S.C. 1480.

### Source

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