7 CFR 764.304
§ 764.304 Rates and terms.
United States · 7 CFR — Agriculture · Status: effective
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- Citation
- 7 CFR 764.304, § 764.304 Rates and terms, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/19874
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Full text
(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).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.