A Review Of 922 loans

A Review Of 922 loans

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(vi) The strategy must give for these types of extra prerequisites for support specifications as could be required by the Secretary.

(ii) submit towards the Secretary an software at this sort of time, in these kinds of manner, and that contains these types of details as being the Secretary might have to have; and

An eligible entity that gets a grant less than This system shall utilize the grant to execute a challenge that—

For functions of the part, an 'qualified nation' is any nation that applies with respect to The usa an agreement making sure reciprocal entry for U . s . services and U.s. suppliers for the markets of that place, as determined by The usa Trade Representative."

If, not afterwards than one 12 months just after remaining regulations are promulgated to execute this paragraph, any Point out, both by statute or from the community utility commission from the Point out, develops a telecommunications modernization system that fulfills the requirements of subparagraph (B), the Secretary shall approve the strategy for the Point out.

Provisions much like People In this particular part were being contained in the next prior appropriation act:

The Secretary is licensed and empowered to extend some time of payment of fascination or principal of any loans created by the Secretary pursuant to this chapter, except that, with respect to any mortgage built less than part 904 or 922 of this title, the payment of desire or principal shall not be extended more than 5 years right after such payment shall are getting to be because of.

(i) a borrower that has pay as you go a financial loan, both prior to or immediately after Oct 21, 1992, at a reduction price as furnished by paragraph (three), shall not be qualified, except for the discretion of the Secretary, to apply for or get immediate or insured loans less than this chapter throughout the one hundred twenty-thirty day period interval starting to the day on the prepayment; and

Notwithstanding subparagraph (A), quantities in Just about every cushion of credit history account shall accrue fascination to your borrower in a fee equal to—

(5) the method by which the Secretary establishes that a company permits a subscriber to originate and get substantial-good quality voice, knowledge, graphics, and video clip for functions of supplying broadband services less than this chapter;

The Secretary may deliver fiscal help to borrowers for functions furnished In this particular chapter by guaranteeing loans, in the full volume thereof, made by the Nationwide Rural Utilities Cooperative Finance Company and every other lawfully structured lending agency, or by accommodating or subordinating liens or mortgages during the fund held through the Secretary as operator or as trustee or custodian for buys of notes from your fund, or by any combination of these promise, accommodation, or subordination. The Secretary shall not present these assistance to website any borrower of the phone financial loan below this chapter Except if the borrower especially applies for this sort of aid. No fees or fees shall be assessed for any these kinds of accommodation or subordination. Confirmed loans shall bear curiosity at the rate arranged by the borrower and also the lender. Assured loans, and accommodation and subordination of liens or home loans, may be designed concurrently using an insured personal loan.

(ii) give precedence to apps for jobs to offer the most level of broadband services to the greatest proportion of rural homes within the proposed service area determined in the appliance;

Loans less than this part shall not be designed Until the Secretary finds and certifies that in his judgment the safety therefor in all fairness suitable and this kind of bank loan will be repaid in the time agreed.

(seven) the overall progress towards satisfying the objective of improving upon the caliber of rural life by increasing rural broadband access, as demonstrated by metrics, including—