Code of Federal Regulations · Section
§ 3560.616 — Rates And Terms
7 C.F.R. § 3560.616
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(a) The interest rate for on-farm labor housing loans will be 1 percent.
(b) The term of the on-farm labor housing loan will not exceed 33 years.
(c) Loan amortization for on-farm labor housing may be on a monthly or an annual basis.
Authorizing Statute
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Administrative powers of Secretary42 U.S.C. § 1480