1. Regulations
  2. title 7
  3. chapter XXXV
  4. part 3550
  5. subpart C
  6. § 3550.113

View all text of Subpart C [§ 3550.101 - § 3550.150]

§ 3550.113 - Rates and terms (loans only).

(a) Interest rate. The interest rate for all section 504 loans will be 1 percent.

(b) Loan term. The repayment period for all section 504 loans will be 20 years.

[61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773, Feb. 7, 2022]

AUTHORITY: 5 U.S.C. 301; 42 U.S.C. 1480.

SOURCE: 61 FR 59779, Nov. 22, 1996, unless otherwise noted.

CITE AS: 7 CFR 3550.113