7 CFR 3550.113 - Rates and terms (loans only).

Regulations last checked for updates: Oct 18, 2024

Title 7 - Agriculture last revised: Oct 11, 2024

§ 3550.113 - Rates and terms (loans only).

(a) Interest rate. The interest rate for all section 504 loans will be 1 percent.

(b) Loan term. The repayment period for all section 504 loans will be 20 years.

[61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773, Feb. 7, 2022]

authority: 5 U.S.C. 301; 42 U.S.C. 1480.

source: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.

cite as: 7 CFR 3550.113