Not known Factual Statements About 922 loans

Not known Factual Statements About 922 loans

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"(2) are not able to, in accordance with frequently accepted administration and accounting concepts and without charging charges to its shoppers or subscribers so significant as to create a considerable disparity concerning this kind of charges and also the prices charged for very similar company in the same or nearby areas by other suppliers, supply services consistent with the aims of this chapter."

The Secretary may possibly deny the request of a lender for your guarantee of a bond or Observe less than this portion If your Secretary determines that—

This chapter shall be administered completely on the nonpartisan foundation, and from the appointment of officers, the selection of staff, and from the promotion of any this kind of officers or staff members, no political test or qualification shall be permitted or presented consideration, but all this sort of appointments and promotions shall be given and built on The idea of merit and performance.

(i) be carried out inside a proposed services territory during which not under 90 percent of the homes are unserved; and

§926. Certain rural growth investments by qualified telephone borrowers not dealt with as dividends or distributions

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§934. Approved financial transactions; interim notes; obtain of obligations for resale; sale of notes and certificates; liens

(three) Detect and quantify the availability of broadband provider and ongoing broadband deployment in rural parts, such as approaches to do the next:

(3) the borrower certifies that any savings from this kind of prepayment will be passed on to its shoppers or used to Enhance the economic energy of the borrower in situations of monetary hardship.

The Secretary shall create techniques for the selection plus the provision of complex companies by consultants making sure that the consultants don't have any fiscal or other conflicts of fascination in the outcome of the applying on the borrower.

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Clause (ii) shall not use to some personal loan to get produced to an applicant for the objective of furnishing or enhancing electric powered services to consumers located in an city area (as outlined via the Bureau on the Census) if the standard amount of shoppers for read more every mile of line of the total electrical process in the applicant exceeds 17.

in very first sentence, struck out "with the furnishing of electric Strength to persons in rural areas who're not getting central station assistance and" right after "transmission and distribution lines or methods" and substituted "section 903 of this title," for "the provisions of sections 903(d) and 903(e) of the title but without regard towards the 25 per centum limitation therein contained,", in second sentence, substituted ", other than that" for ": Provided, even more, That each one this sort of loans shall be self-liquidating inside of a duration of never to exceed 30-5 years, and shall bear fascination at the speed of 2 for each centum per annum; interest prices within the unmatured and unpaid stability of any loans created pursuant to this segment just before September 21, 1944, shall be adjusted to two for every centum for each annum, along with the maturity day of any this sort of loans can be readjusted to come about at a day not outside of thirty-five years from the date of these personal loan: And furnished even further, That", and in 3rd sentence, struck out "and area 905 of the title" before "shall not be created".

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