The 2-Minute Rule for 922 loans
The 2-Minute Rule for 922 loans
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relating to prepayment of loans were set out like a Observe under part 936 of this title and had been repealed by
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The Secretary might not, as a affliction of making a phone bank loan to an applicant therefor, have to have the applicant to—
Resources gained from the borrower to pay for the price described Within this section shall not be derived from the bank loan or other debt obligation that's built or confirmed through the Federal Authorities.
To be able to insure coordination of electrical generation and transmission financing less than this chapter Together with the countrywide Electrical power plan, the Secretary in making or guaranteeing loans for the construction, Procedure, or enlargement of generating plants or electric powered transmission strains or units, shall think about these general criteria consistent with the provisions of this chapter as might be revealed with the Secretary of Strength.
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Apart from as offered in subsection (b), the Secretary shall contemplate any percentage of a provider territory which is subject matter to An impressive grant agreement among the Secretary in addition to a broadband supplier to generally be unserved to the uses of all broadband aid packages under this chapter, In case the broadband company in that percentage of a service territory is lower than 10 Mbps downstream transmission potential or a lot less than one Mbps upstream transmission potential.
(i) The common quantity of subscribers for every mile of line during the support area with the applicant is not really greater than 4.
The Secretary shall not contemplate a percentage of a service territory described in subsection (a) to become unserved When the broadband support supplier has made or started to assemble broadband services that satisfy the least suitable volume of service established under portion 950bb(e) of the title, in that percentage of the services territory.
Stability devices taken because of the Secretary in reference to any notes inside the fund could represent liens managing to The usa notwithstanding The point that such notes may very well be thereafter held by purchasers thereof.
(iv) The common quantity of subscribers for every mile of line in the region included in the proposed personal loan isn't more than 17.
(two) deobligate any awards, less allowable fees that exhibit an insufficient amount of overall performance (like metrics based on the Secretary) or fraudulent expending, to your extent money with regard to the award are available in the account referring read more to the program established by this subchapter;
On the ask for of A personal lender furnishing funding to this type of borrower for any money financial commitment, the Secretary shall, expeditiously, either offer to share The federal government's lien about the borrower's method or give to subordinate the government's lien on that assets financed because of the non-public lender.