A Simple Key For 922 loans Unveiled
A Simple Key For 922 loans Unveiled
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The Secretary shall promptly make available to the general public, one a totally searchable database on the website of the Rural Utilities Services that contains info on all retail broadband tasks delivered aid or for which guidance is sought which are administered because of the Secretary, like, in a minimum amount—
We reserve the appropriate to seek all solutions at legislation As well as in fairness for violations of such Conditions and terms, such as the proper to block entry to This page from a certain IP deal with.
The Secretary might not, like a problem of constructing a telephone loan to an applicant therefor, call for the applicant to—
(aa) the amount (if any) by which the price reduction the borrower been given by purpose with the prepayment exceeds the discounted the borrower might have obtained experienced the low cost been according to the expense of money towards the Section with the Treasury at time of your prepayment; and
The Secretary shall think about the existing recurring revenues with the entity at time of software in determining an enough volume of credit aid.
(B) the bond or note issued from the lender would not be investment decision grade high quality without a assure; or
The borrower shall pay back the price necessary below this part at the time the present guarantee is prolonged by earning a payment in the quantity of the required cost.
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The Secretary might not require any applicant for any loan designed beneath this subsection who's qualified to get a financial loan under paragraph (1) to obtain a personal loan from Yet another source for a problem of approving the applying for the loan or advancing any volume underneath the mortgage.
(A) evidence satisfactory to your Secretary that a Federal or Point out company with jurisdiction and experience has designed an Formal dedication, for example by way of a licensing continuing, extending the helpful life of a making plant or transmission line pledged as collateral to or beyond The brand new remaining maturity day becoming requested with the borrower, or
substituted "of which the holder experienced genuine knowledge at the time it became a holder" for "of which the holder has real information".
The proceeds of help offered beneath this part can be used to perform a challenge inside of a proposed service territory provided that, as of the day the appliance for guidance underneath this part read more is submitted, You can find not suitable Center mile infrastructure available to assistance broadband assistance for eligible rural communities that might be presented entry to the middle mile infrastructure.
Pub. L. one hundred fifteen–334, § 6211, substituted “furnishing phone support in rural parts, which includes indebtedness of recipients on A further telecommunications mortgage designed beneath this chapter.” for “furnishing phone service in rural places: Delivered, That this kind of refinancing shall be determined by the Secretary being necessary in order to furnish and make improvements to telephone support in rural parts: And delivered additional, That these kinds of refinancing shall represent not in excess of 40 per centum of any personal loan made below this subchapter.”
In the case of zero desire loans, the Secretary shall set up this kind of reasonable repayment phrases as will motivate borrower participation.