13 CFR 107.845 - Maximum rate of amortization on Loans and Debt Securities.

Regulations last checked for updates: Nov 25, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart G [§ 107.700 - § 107.900]

§ 107.845 - Maximum rate of amortization on Loans and Debt Securities.

The principal of any Loan (or the loan portion of any Debt Security) with a term of one year or less cannot be amortized faster than straight line. If the term is greater than one year, the principal cannot be amortized faster than straight line for the first year.

[69 FR 8098, Feb. 23, 2004]

authority: 15 U.S.C. 662,681,687b,687k

source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 107.845