The 2-Minute Rule for 922 loans
The 2-Minute Rule for 922 loans
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The Secretary may not, without the consent on the borrower, have to have, to be a condition of processing an software for acceptance, which the borrower comply with spend The prices, charges, and fees of consultants employed to supply technical or advisory companies to your Secretary.
(ii) submit into the Secretary an software at these types of time, in such method, and containing these types of facts since the Secretary could have to have; and
The Secretary shall establish, by regulation, ample safeguards to make certain that help under any rural growth application isn't matter to such a situation.
(A) right after supplying see demanded by subsection (a)(1), manage support providers not less than 45 days to voluntarily submit data demanded via the Secretary on to the agency's on line mapping Resource with respect to areas which might be coterminous While using the proposed provider space of the appliance (or any pieces thereof), this kind of which the Secretary may perhaps evaluate whether or not the applying submitted meets the eligibility prerequisites below this subchapter; and
pertains to the issuance of laws to perform amendments made by the Act and is established out to be a Observe underneath portion 901 of this title. For complete classification of this Act on the Code, see Quick Title of 1993 Amendment Observe established out under portion 901 of this title and Tables.
S.C. 901 et seq.] to finance the acquisition of present generation, transmission and distribution devices and facilities serving substantial Value, predominantly rural places by entities able to and focused on supplying or improving assistance in these parts within an efficient and cost efficient fashion.
§922. Loans for phone assistance Area Text From such sums as are every now and then produced out there with the Congress for the Secretary for such reason, pursuant to segment 903 of the title, the Secretary is authorized and empowered to generate loans to persons now delivering or who might hereafter deliver telephone provider in rural areas, to public bodies now giving phone services in rural locations and to cooperative, nonprofit, minimal dividend, or mutual associations.
(ii) involves only Individuals locations in which the applicant has the capacity to fulfill the assistance necessities beneath this section, as based on the Secretary.
Licensed fiscal transactions; interim notes; purchase of obligations for resale; sale of notes and certificates; liens.
Extensions underneath this segment shall not be produced Unless of course the Secretary first finds and certifies that, after offering effect for the extension, in his judgment the safety for all loans for the borrower built or certain under this chapter is fairly adequate and that all this kind of loans will probably be repaid throughout the time agreed.
Subject matter to subsection (b), the Secretary shall guarantee payments on bonds or notes issued by cooperative or other lenders arranged over a not-for-profit basis, In case the proceeds 922 loans of your bonds or notes are used to make utility infrastructure loans, or refinance bonds or notes issued for anyone uses, to a borrower which has Anytime gained, or is suitable to receive, a mortgage beneath this chapter.
A borrower of a loan produced by the Federal Funding Financial institution and guaranteed under portion 936 of the title could, at the option of your borrower, refinance or prepay the financial loan or an advance around the personal loan, or any part of the mortgage or progress.
When determining to make the most of the payment assistance authority underneath paragraph (2) the Secretary shall consider whether or not the payment aid will—
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