7 USC 925 - Loan feasibility

U.S Code last checked for updates: May 08, 2024

§ 925.

Loan feasibility

The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—

(1)

increase the rates charged to the applicant’s customers or subscribers; or

(2)

increase the applicant’s ratio of—

(A)

net income or margins before interest; to

(B)

the interest requirements on all of the applicant’s outstanding and proposed loans.

(May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(2), Dec. 20, 2018, 132 Stat. 4776.)

cite as: 7 USC 925