---
kind: "section"
citation: "7 C.F.R. § 764.304"
title: "7"
number: "764.304"
heading: "Rates and terms."
url: "https://uscodex.org/cfr/7/764.304"
---

# §764.304. Rates and terms.

- (a) **Rates.**
  - (1) **The interest rate is the Agency's Direct Operating Loan rate, available in each Agency office.**
  - (2) **The limited resource Operating Loan interest rate is not available for Youth loans.**
  - (3) The interest rate charged will be the lower rate in effect at the time of loan approval or loan closing.
- (b) **Terms.** Youth loan terms are the same as for an OL established at [§ 764.254(b)](/cfr/7/764.254.md?p=b).

## Notes

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted. Redesignated at 75 FR 54015, Sept. 3, 2010.

### Authority

Authority: 5 U.S.C. 301 and 7 U.S.C. 1989.

### Source

Source: 72 FR 63298, Nov. 8, 2007, unless otherwise noted.