7 C.F.R. § 764.304 – Rates and terms. | MidpageRates and terms.
Effective Jan 1, 2017
(a) Rates.
- (1) The interest rate is the Agency's Direct Operating Loan rate, available in each Agency office.
- (2) The limited resource Operating Loan interest rate is not available for Youth loans.
- (3) The interest rate charged will be the lower rate in effect at the time of loan approval or loan closing.
- (b) Terms. Youth loan terms are the same as for an OL established at § 764.254(b).