25 U.S.C. § 1483 — Interest rate
submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 68 words · no verdicts yet
This section limits interest on loans guaranteed or insured under the subchapter. The Secretary must consider private-market rates for similar loans and the risks assumed by the United States.
Loans guaranteed or insured pursuant to this subchapter shall bear interest (exclusive of premium charges for insurance, and service charge, if any) at rates not to exceed such per centum per annum on the principal obligation outstanding as the Secretary* determines to be reasonable taking into consideration the range of interest rates prevailing in the private market for similar loans and the risks assumed by the United States.
Loans guaranteed or insured pursuant to this subchapter shall bear interest (exclusive of premium charges for insurance, and service charge, if any) at rates not to exceed such per centum per annum on the principal obligation outstanding as the Secretary* determines to be reasonable taking into consideration the range of interest rates prevailing in the private market for similar loans and the risks assumed by the United States.
Source credit: (Pub. L. 93–262, title II, § 203, Apr. 12, 1974, 88 Stat. 79.)
- 1974Enacted · Pub. L. 93-262 · 88 Stat. 79
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-262 on 1974-04-12.
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