regarding prepayment of loans ended up set out to be a Take note below area 936 of the title and have been repealed by

Loans comprised of or insured with the fund shall be for a similar functions and on exactly the same conditions and terms as are offered for loans in subchapters I and II of the chapter other than as in any other case furnished in sections 933 to 938 inclusive.

inserted "sure" just before "electric" in section catchline and amended textual content normally. Before amendment, textual content go through as follows: "The Administrator may not involve prior acceptance of, impose any requirement, restriction, or prohibition with respect to your operations of, or deny or hold off the granting of a lien accommodation to, any electric powered borrower below this chapter whose Web well worth exceeds one hundred ten % on the superb principal balance on all loans produced or guaranteed to the borrower from the Administrator."

substituted provisions environment out the liabilities of The agricultural Electrification and Phone Revolving Fund plus the allowable reasons for which fund belongings shall be accessible, for provisions, which the monies in The agricultural telephone account need to stay on deposit during the Treasury of the United States until eventually disbursed.

(B) the request in the borrower to the refinancing beneath this part will not be denied or delayed; and

(1) the volume of applications gained and accepted, which includes any Distinctive mortgage phrases or ailments for which the Secretary supplied added guidance to unserved areas;

(1) Topic to restrictions proven in appropriations Functions, the Secretary shall permit any borrower to defer the payment of principal and interest on any insured or direct loan created underneath this chapter underneath conditions described With this subsection, notwithstanding any limitation contained in subsection (a), apart from that these deferment shall not be permitted dependant on the dedication in the Secretary from the economical hardship of your borrower.

(D) Leverage help systems and products and services from online platforms for vendors of broadband company in rural spots.

For the objective of deciding the eligibility of a distribution borrower not in default on the repayment of the mortgage made or confirmed beneath this chapter to get a personal loan, bank loan assurance, or lien accommodation beneath this subchapter, a default by a borrower from which the distribution borrower purchases wholesale electric power shall not—

Extensions under this portion shall not be designed Until the Secretary 1st finds and certifies that, right after giving effect to your extension, in his judgment the security for all loans towards the borrower designed or certain below this chapter is reasonably satisfactory and that all these types of loans will likely be repaid throughout the time agreed.

Besides as provided in paragraph (two), a direct or insured financial loan manufactured below this chapter shall not be bought or prepaid at a worth that is certainly under the outstanding principal harmony around the financial loan.

(I) except on the discretion with the Secretary, to submit an application for or acquire immediate or insured loans explained in clause (i) in the a hundred and eighty-thirty day period interval commencing over the day of your prepayment; or

(two) deobligate any awards, a lot less allowable costs that reveal an inadequate standard of efficiency (like metrics determined by the Secretary) or fraudulent expending, towards the extent money with respect into the award can be found in the account referring to the program proven by this subchapter;

§918a. Electrical more info power era, transmission, and distribution facilities performance grants and loans in rural communities with particularly substantial Power costs