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Code of Federal Regulations Title 7. Agriculture § 7.3560.566 Loan and grant rates and terms

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Amortization period. The loan will be amortized over a period not to exceed 33 years. The amortization schedule will take into account the depreciation of the security and ensure that the loan will be adequately secured.

(b) Interest rate. The effective interest rate will be 1 percent.

(c) Term of grant agreement. The grant agreement will remain in effect for so long as there is a need for farm labor housing.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 7. Agriculture § 7.3560.566 Loan and grant rates and terms - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-7-agriculture/cfr-sect-7-3560-566/

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