Examine This Report on 922 loans

The Secretary may perhaps make insured phone loans with the acquisition, acquire, and set up of phone strains, techniques, and facilities (aside from buildings used mainly for administrative needs, cars not used principally in building, and client premise equipment) connected with the furnishing, improvement, or extension of rural telecommunications assistance, at an curiosity price equivalent to your then present Expense of money to the Government of The usa for loans of comparable maturity, but not a lot more than 7 p.c each year, to any applicant for just a personal loan who meets the following prerequisites:

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(eight) payment of the acquisition selling price and any costs and fees incurred in connection with the acquisition, acquisition, or operation of assets pursuant to portion 907 of the title.

Notwithstanding any other provision of this chapter, no prepayment premium shall be imposed or collected with respect to that part of a bank loan which is prepaid by a borrower in accordance with subparagraph (B).

The Secretary shall look at the current recurring revenues of the entity at some time of software in analyzing an satisfactory amount of credit rating assist.

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§934. Authorized economic transactions; interim notes; order of obligations for resale; sale of notes and certificates; liens

(two) regulate the purchase or sequence of innovations of money beneath telephone loans produced underneath this chapter to any borrower who has been given any combination of phone loans with the Secretary or the Federal Financing Financial institution; or

(i) The typical range of subscribers for every mile of line in the provider area of your applicant is just not much more than 4.

(two) present grants only to Individuals initiatives which provide rural spots where inhabitants density or geographic properties allow it to be infeasible to construct middle mile broadband systems devoid of grant support.

substituted "of which the holder experienced actual information at enough time it grew to become a holder" for "of which the holder has actual information".

A lender that receives a assurance issued less than this segment over a bond or Observe shall pay back a charge for the Secretary.

Practically nothing On this portion limitations check here the authority of your Secretary to ascertain conditions and terms with respect for the use by borrowers of the proceeds of loans manufactured or guaranteed beneath this chapter or to consider every other motion specifically licensed by law.

A bond or Take note guaranteed underneath this segment shall, by agreement among the Secretary as well as the borrower—