Examine This Report on 922 loans
Examine This Report on 922 loans
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(ii) The standard household income for every kilowatt-hour marketed via the applicant just isn't fewer than one hundred twenty % of the average household earnings per kilowatt-hour bought by all utilities within the State through which the applicant presents service.
(ii) expanding the fantastic principal stability of your loan advance assured because of the Secretary that is remaining refinanced beneath this portion by the level of the penalty.
Matter to the limitations On this part and also the provisions from the Federal Credit score Reform Act of 1990 [two U.S.C. 661 et seq.], as amended, a borrower of a personal loan created by the Federal Funding Lender and guaranteed below this chapter may perhaps ask for an extension of the final maturity on the fantastic principal stability of such bank loan or any loan progress thereunder.
(three) deny a personal loan or advance to, or acquire another adverse action from, an applicant for, or possibly a borrower of, a phone personal loan beneath this chapter for just about any purpose that's not dependant on a rule, regulation, bulletin, or other written coverage common that has not been revealed pursuant to part 553 of title five.
(A) Harmonize broadband notification and reporting necessities and build common verification treatments across all federally supported broadband packages.
The rate of the mortgage under this section shall be equivalent to the standard tax-exempt municipal bond price of comparable maturities.
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(four) payment for the holder of insured notes of any defaulted installment or, on assignment from the Observe towards the Secretary at his ask for, the whole harmony thanks within the Observe;
The time period "incumbent service provider", with regard to an software submitted less than this portion, means an entity that, as of the date of submission of the appliance, is delivering broadband services to not a lot less than five per cent on the households inside the company territory proposed in the application.
(A) proof satisfactory for the Secretary that a Federal or Condition company with jurisdiction and experience has designed an official resolve, for example by way of a licensing continuing, extending the helpful life of a producing plant or transmission line pledged as collateral to or over and above The brand new remaining maturity date currently being asked for by the borrower, or
The Secretary could utilize the cash appropriated for any grant under this subchapter for the associated fee (as defined by here section 661a of title two) of offering assistance beneath paragraph (two).
(ii) give priority to purposes for initiatives to offer the maximum level of broadband service to the best proportion of rural households in the proposed company place recognized in the application;
(B) if no broadband provider company submits information and facts under paragraph (one), think about the amount of companies while in the proposed assistance place to generally be founded by making use of another details about The provision of broadband company which the Secretary may possibly acquire or get by means of sensible efforts.
When offering a grant below this subchapter, the Secretary, at the sole discretion of your Secretary, may well make—