About 922 loans
About 922 loans
Blog Article
relating to prepayment of loans were being established out as a Be aware underneath segment 936 of the title and ended up repealed by
The Secretary shall consult Together with the Fee just before furnishing broadband support for your undertaking to serve a place with respect to which another entity is getting Link The united states Fund or Mobility Fund assist underneath the Federal common assistance support mechanisms established below section 254 of title 47.
A penalty shall be assessed against a borrower that refinances or prepays a financial loan or financial loan progress, or any percentage of a mortgage or progress, under this part. Besides as offered in paragraph (2), the penalty shall be equal to the lesser of—
For applications of identifying regardless of whether to supply aid for any task under this segment, the Secretary shall use standards which are technologically neutral.
(A) Harmonize broadband notification and reporting requirements and develop frequent verification processes throughout all federally supported broadband plans.
S.C. 901 et seq.] to finance the acquisition of current era, transmission and distribution devices and facilities serving large Value, predominantly rural parts by entities capable of and focused on supplying or bettering provider in these types of areas within an economical and cost-effective manner.
§934. Licensed money transactions; interim notes; obtain of obligations for resale; sale of notes and certificates; liens
If a borrower satisfies the penalty prerequisites of paragraph (one) by growing the fantastic principal stability on the personal loan advance which is staying refinanced, the borrower shall generate a payment at the time with the refinancing equal to two.
Licensed economic transactions; interim notes; purchase of obligations for resale; sale of notes and certificates; liens.
(II) In the event the applicant for the loan helps make an election pursuant to subparagraph (D) to include inside the loan settlement the best of the applicant to prepay the financial loan, a charge equal to the quantity by which—
Stability instruments taken via the Secretary in connection with any notes during more info the fund may well represent liens running to the United States notwithstanding the fact that these kinds of notes can be thereafter held by purchasers thereof.
A borrower of a mortgage made by the Federal Funding Financial institution and certain beneath part 936 of the title may possibly, at the option from the borrower, refinance or prepay the loan or an advance within the mortgage, or any portion of the loan or progress.
An qualified entity that receives a grant below the Program shall give a dollars contribution in an quantity that is not fewer than fifteen per cent of the quantity of the grant.
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