A Review Of 922 loans

A Review Of 922 loans

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The Secretary shall present any applicant for a mortgage beneath this paragraph the option to include in the bank loan settlement the ideal from the applicant to prepay the personal loan on conditions in step with identical provisions of business loans.

(bb) the typical for every capita profits of the citizens acquiring electric support in the applicant is under the standard for every capita revenue of your people on the Condition through which the applicant offers assistance, or maybe the median home profits with the households receiving electric powered support from the applicant is lower than the median home cash flow of your households in the Condition.

(ii) If your applicant is suitable for the personal loan, generate a loan into the applicant beneath this paragraph in an sum equal to the quantity that bears the identical ratio to the entire number of loans for which the applicant is qualified underneath this paragraph, as the amount made obtainable for loans beneath this paragraph for the fiscal year bears to the whole total created readily available for loans less than this paragraph with the fiscal year.

Notwithstanding any other provision of the chapter, no prepayment premium shall be imposed or collected with respect to that percentage of a loan that is certainly prepaid by a borrower in accordance with subparagraph (B).

inserted provisions prohibiting Administrator from furnishing support to telephone borrower Except borrower exclusively applies therefor.

S.C. 901 et seq.] to finance the acquisition of present era, transmission and distribution techniques and services serving large Price, predominantly rural locations by entities capable of and devoted to furnishing or enhancing services in such spots in an economical and inexpensive method.

Not afterwards than one calendar year once the day of enactment of the section and each year thereafter, the Secretary shall submit to Congress a report that describes—

(i) give the best precedence to apps for assignments to offer broadband provider to unserved rural communities that would not have any residential broadband assistance of at the very least—

To be suitable to receive a grant below This system, an qualified entity shall submit into the Secretary an software at this sort of time, get more info in this sort of manner, and made up of these kinds of details because the Secretary may have to have.

The Secretary shall not consider a percentage of a services territory described in subsection (a) to get unserved If your broadband services company has built or started to assemble broadband amenities that meet the minimal satisfactory amount of assistance recognized under area 950bb(e) of the title, in that part of the services territory.

Any substitute company specifications really should continue on to take into account the very best technology available to meet up with the requires of your citizens in the unserved region.

The Secretary is authorized and empowered to bid for and purchase at any foreclosure or other sale, or or else to amass, house pledged or mortgaged to secure any mortgage produced pursuant to this chapter; to pay the acquisition rate and any charges and costs incurred in link therewith in the sums approved in section 903 of this title; to just accept title to any property so acquired or obtained inside the identify of the United States of The united states; to work or lease these kinds of assets for this sort of period of time as might be deemed important or a good idea to shield the financial commitment therein, although not to exceed 5 years after the acquisition thereof; also to offer this sort of residence so procured or obtained, on this kind of phrases and for such consideration because the Secretary shall establish being fair.

An qualified entity that receives a grant less than the Program shall offer a income contribution in an amount of money that isn't under fifteen per cent of the amount of the grant.

The Secretary may enter into this kind of contracts, grants, or cooperative agreements as are essential to perform this area.