§ 4284.431 - Rates.

Related Notices

Latest version.

(a) Applicant loans will bear interest at the rate of 5 percent per annum.

(b) Individual loans will bear interest at the rate of:

(1) Five percent per annum, or

(2) The Federal Financing Bank rate for loans of a similar term at the time of RDA or its successor agency loan approval, whichever is less.

                    
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