§ 1948.111 - Terms of loans to intermediaries.

Related Notices

Latest version.

(a) No loans to intermediaries shall be extended for a period exceeding 30 years. Principal payments on these loans will be made at least annually. The initial principal payment may be deferred (during the period before the facility becomes income producing) by FmHA or its successor agency under Public Law 103-354, but not more than 3 years.

(b) The terms of loan repayment to intermediaries will be those stipulated in the loan agreement and/or promissory note, as agreed to and executed by FmHA or its successor agency under Public Law 103-354 and intermediaries.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');