42 CFR 57.1512
§ 57.1512 Length and maturity of loans.
United States · 42 CFR — Public Health · Status: effective
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- Citation
- 42 CFR 57.1512, § 57.1512 Length and maturity of loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/201176
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Full text
The repayment period for loans with respect to which guarantees are made or interest subsidies paid under this subpart shall be limited to 30 years: Provided, That:
(a) The Secretary may, in particular cases where he determines that a repayment period of less than 30 years is more appropriate to an applicant's total financial plan, approve such shorter repayment period;
(b) The Secretary may, in particular cases where he determines that, because of unusual circumstances, the applicant would be financially unable to amortize the loan over a repayment period of 30 years, approve a longer requirement period which shall in no case exceed 40 years; and
(c) In no case shall a loan repayment period exceed the useful life of the facility to be constructed with the assistance of the loan.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.