The Secretary may not, with no consent on the borrower, require, being a situation of processing an application for acceptance, that the borrower comply with shell out the costs, costs, and expenditures of consultants employed to offer technological or advisory services on the Secretary.
(two) could waive nonduplication limits, matching fund needs, or credit rating support needs from any bank loan or grant plan administered by The agricultural Utilities Support to facilitate the construction, acquisition, or enhancement of infrastructure;
The Secretary may not, like a affliction of making a telephone mortgage to an applicant therefor, involve the applicant to—
For applications of identifying whether or not to provide aid for your job beneath this portion, the Secretary shall use requirements which might be technologically neutral.
§926. Sure rural advancement investments by skilled phone borrowers not treated as dividends or distributions
(B) The amount of the deferment shall not exceed fifty p.c of the overall price of a community or financial growth job for which a deferment is presented beneath this subsection.
(i) The average profits per kilowatt-hour sold by the applicant will not be below 120 % of the standard income for each kilowatt-hour sold by all utilities during the Condition wherein the applicant supplies service.
, That for a duration of one particular yr from and right after Oct 28, 1949, purposes for loans gained through the Secretary from persons who on Oct 28, 1949, are engaged while in the operation of current telephone assistance in rural areas shall be viewed as and acted upon right before motion is taken upon any software acquired from every other human being for almost any mortgage to finance the furnishing or enhancement of telephone provider to substantially a similar subscribers." in second sentence and "Which no duplication" for ", nor shall this kind get more info of financial loan be created in almost any Point out which now has or could hereafter Have got a State regulatory overall body getting authority to manage phone service and also to require certificates of advantage and requirement for the applicant Until such certificate from this sort of company is initially attained.
Authorized fiscal transactions; interim notes; buy of obligations for resale; sale of notes and certificates; liens.
(two) payment of principal when owing (devoid of fascination) on remarkable loans into the Secretary within the Secretary of the Treasury for electrification and phone uses and payment of principal and fascination when because of on loans for the Secretary from your Secretary in the Treasury pursuant to segment 934(a) of this title;
For the purpose of relieving borrowers of avoidable and burdensome necessities, the Secretary, guided through the practices of private lenders with regard to equivalent credit history pitfalls, shall issue rules, relevant to any electric borrower underneath this chapter whose net value exceeds a hundred and ten % on the fantastic principal stability on all loans produced or guaranteed to the borrower by the Secretary, to attenuate those acceptance legal rights, needs, limits, and prohibitions which the Secretary in any other case could set up with regard to the operations of such a borrower.
No home loan origination solicitation activity or loan origination purposes for Houses located in the State of Big apple is usually facilitated by This page.
Loans beneath this section shall not be produced Unless of course the Secretary finds and certifies that in his judgment the safety therefor within reason enough and this kind of mortgage will likely be repaid inside the time agreed.
The Secretary may well not request any applicant for an electric bank loan underneath this chapter to apply for and accept a bank loan within an total exceeding thirty p.c from the credit score demands with the applicant.