Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 22 - Foreign Relations |
Chapter II - Agency for International Development |
Subpart C - Eligibility Requirements - Supplemental Loans To Finance Purchase and Installation of Fire Safety Equipment |
§ 232.585 - Prepayment privilege and prepayment charge.
Latest version.
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The security instrument shall contain a provision permitting prepayment of the loan in whole or in part upon any interest payment date after giving to the lender 30 days' advance written notice and it may contain a provision, with the approval of the Commissioner, for a reasonable charge in the event of prepayment.