922 loans - An Overview

922 loans - An Overview

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The Fee shall consult With all the Secretary ahead of providing or supplying Connect The united states Fund or Mobility Fund assist under the Federal universal services guidance mechanisms recognized under segment 254 of title forty seven to serve a location with respect to which Yet another entity has received broadband aid beneath a mortgage or grant system from the Department of Agriculture.

(one) A borrower will not likely qualify for prepayment less than this portion if, during the impression from the Secretary with the Treasury, to prepay in these types of borrower's scenario would adversely have an effect on the Procedure with the Federal Funding Bank.

(B) the current price of the loan discounted within the face worth at maturity at the rate recognized through the Secretary.

inserted ", to general public bodies now furnishing telephone support in rural regions" just after "parts" in first sentence and just after "places" in first proviso of next sentence.

(A) Harmonize broadband notification and reporting prerequisites and develop typical verification techniques across all federally supported broadband systems.

§2(a), amended subsec. (a) commonly. Just before amendment, subsec. (a) examine as follows: "A direct or insured financial loan designed beneath this chapter shall not be bought or prepaid at a value fewer than the experience price of any superb principal stability on such bank loan, apart from when offered to or prepaid because of the borrower within the lesser in the superb principal balance owing over the mortgage or maybe the mortgage's current value discounted with the deal with worth at maturity at the rate set because of the Administrator.

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(D) Leverage support systems and services from online platforms for providers of broadband services in rural locations.

Approved economical transactions; interim notes; invest in of obligations for resale; here sale of notes and certificates; liens.

(B) reviewing almost every other resource that is related to support info validation, as based on the Secretary; and

The Secretary might not charge any cost or charge not expressly presented On this chapter in reference to any mortgage made or certain under this chapter.

The borrower may not select a expression pursuant to paragraph (3) that finishes following the maturity date established to the mortgage before the refinancing in the mortgage under this portion.

A borrower that gets an extension beneath this section shall shell out a rate into the Secretary which shall be credited to the Rural Electrification and Telecommunications Loans Application account. These kinds of fees shall remain accessible without the need of fiscal 12 months limitation to pay for the modification fees for extensions.

(iii) The approach have to inspire and make improvements to computer networks and data highways for subscribers in rural locations.