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24 CFR 241.1070

§ 241.1070 Agreed interest rate.

United States · 24 CFR — Housing and Urban Development · Status: effective

Banking, Finance & Insurance
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24 CFR 241.1070, § 241.1070 Agreed interest rate, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100158
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Full text

The equity or acquisition loan shall bear interest at the rate agreed upon by the borrower and the lender.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.