The 5-Second Trick For 922 loans
The 5-Second Trick For 922 loans
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"(2) simply cannot, in accordance with usually accepted management and accounting principles and without having charging costs to its prospects or subscribers so high as to make a substantial disparity in between this sort of prices and also the rates charged for similar service in the identical or nearby spots by other suppliers, offer services per the targets of the chapter."
The Secretary shall not deny or reduce any personal loan or financial loan progress underneath this chapter depending on a borrower's volume of normal funds.
Besides hardship loans that are created beneath subparagraph (A), the Secretary may perhaps make an insured electrical loan at an curiosity amount of five percent each year to an applicant to get a personal loan if, in the sole discretion of the Secretary, the applicant has experienced a severe hardship.
Notwithstanding some other provision of the chapter, no prepayment premium shall be imposed or gathered with respect to that percentage of a mortgage that is definitely prepaid by a borrower in accordance with subparagraph (B).
(II)(aa) the standard profits per kilowatt-hour marketed through the applicant is more than the standard profits for every kilowatt-hour offered by all utilities in the Condition by which the applicant supplies services; and
(i) make grants of around 75 % of the development fees of the undertaking for which the grant is presented to an qualified entity When the Secretary decides the task serves—
The Secretary is authorized to create insured loans beneath this subchapter and in the desire charges hereinafter provided to the full extent in the belongings obtainable inside the fund, issue only to limits as to quantities licensed for loans and advances as could possibly be every so often imposed with the Congress of America for loans to be produced in Anybody 12 months, which quantities shall continue being readily available till expended: Furnished, The Congress from the once-a-year appropriation Act could also authorize the transfer of any excessive profit the fund for more info deposit into the Treasury as miscellaneous receipts: And supplied even further, That any such loans and developments shall not be included in the totals from the price range of The us Government and shall be exempt from any typical limitation imposed by statute on expenditures and Internet lending (price range outlays) of the United States.
A distribution borrower not in default on the repayment of loans manufactured or insured under this chapter shall be eligible for discounted prepayment as offered In this particular subsection. For the goal of pinpointing eligibility for discounted prepayment under this subsection or eligibility for aid beneath this chapter, a default by a borrower from which a distribution borrower purchases wholesale electrical power shall not be thought of a default from the distribution borrower.
Licensed economical transactions; interim notes; invest in of obligations for resale; sale of notes and certificates; liens.
The Secretary might have to have any further reporting and data by any receiver of any broadband assistance beneath this chapter so as to make certain compliance with this portion.
” in second sentence and “Which no duplication” for “, nor shall these types of loan be produced in any Point out which now has or may hereafter Have a very Condition regulatory overall body acquiring authority to manage telephone support also to involve certificates of usefulness and requirement towards the applicant Unless of course this sort of certificate from this sort of agency is first attained. In a very Condition where there is not any this kind of agency or regulatory entire body lawfully approved to problem this kind of certificates for the applicant, no personal loan shall be built underneath this part Unless of course the Secretary shall figure out (and established forth his motives therefor in creating) that no duplication” in past sentence.
(I) other than in the discretion from the Secretary, to make an application for or acquire direct or insured loans explained in clause (i) throughout the a hundred and eighty-month time period commencing about the day of your prepayment; or
The Secretary along with the applicant may well jointly conform to amend the milestones and targets agreed to under paragraph (three).
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