12 CFR 1808.605

§ 1808.605 Agency Administrative Fee.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 1808.605, § 1808.605 Agency Administrative Fee, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51404
Permanent ID: ys:prov:51404@1
SHA-256: 19d7b3304103e3870e6fc268a03df435fbc03ac81dd606e3a4b6a27882dea461

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Full text

The Qualified Issuer shall pay the CDFI Fund annually a fee equal to 10 basis points (0.1 percent) of the amount of the unpaid principal of the Bond(s). The initial Agency Administrative Fee must be paid in full as a condition to closing any Agreement to Guarantee, no later than the effective date of the Agreement to Guarantee.

Legislative history

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