- (a) The loan shall bear interest at the rate agreed upon by the lender and the borrower.
- (b) Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.
[39 FR 28966, Aug. 12, 1974, as amended at 53 FR 3366, Feb. 5, 1988; 53 FR 8885, Mar. 18, 1988]