1. LawStack
  2. Title 7 - Agriculture
  3. Subtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
  4. Chapter VII - FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
  5. Subchapter D - SPECIAL PROGRAMS
  6. Part 764 - DIRECT LOAN MAKING
  7. Subpart H - Youth Loan Program
  8. 7 CFR § 764.304
7 CFR § 764.304
Rates and terms
July 6, 2020
CFR

(a) Rates.

(1) The interest rate is the Agency's Direct Operating Loan rate, available in each Agency office.

(2) The limited resource Operating Loan interest rate is not available for Youth loans.

(3) The interest rate charged will be the lower rate in effect at the time of loan approval or loan closing.

(b) Terms. Youth loan terms are the same as for an OL established at §764.254(b).

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§ 764.303 Limitations
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§ 764.305 Security requirements

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