Code of Federal Regulations Title 7. Agriculture § 7.1777.31 Rates
Current as of October 02, 2022 | Updated by FindLaw Staff
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(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 Agency loan approval, whichever is less.
Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.1777.31 Rates - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-1777-31.html
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