7 CFR 3560.616 - Rates and terms.

Regulations last checked for updates: May 01, 2025

Title 7 - Agriculture last revised: Apr 24, 2025

§ 3560.616 - Rates and terms.

(a) The interest rate for on-farm labor housing loans will be 1 percent.

(b) The term of the on-farm labor housing loan will not exceed 33 years.

(c) Loan amortization for on-farm labor housing may be on a monthly or an annual basis.

authority: 42 U.S.C. 1480.

source: 69 FR 69106, Nov. 26, 2004, unless otherwise noted.

cite as: 7 CFR 3560.616