7 CFR 3560.566
§ 3560.566 Loan and grant rates and terms.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3560.566, § 3560.566 Loan and grant rates and terms, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30549
- Permanent ID
ys:prov:30549@1- SHA-256
9cd4374d39fd720cbac59b88c8233b7e83e931b275a42769f0ca05952e6d1f38
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Amortization period. The loan will be amortized over a period not to exceed 33 years. The amortization schedule will take into account the depreciation of the security and ensure that the loan will be adequately secured.
(b) Interest rate. The effective interest rate will be 1 percent.
(c) Term of grant agreement. The grant agreement will remain in effect for as long as there is a need for the housing, as determined by the Agency.
(d) Grant period of performance. The grant period of performance is five (5) years, which starts on the date the grant agreement is executed by both the Agency and the grantee and ends five (5) years from the date the grant agreement was executed by both the Agency and the grantee.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.