7 USC § 925
Loan feasibility
through Pub. L. 116-216 (December 11, 2020)
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.
Amendments
2018—Pub. L. 115–334 struck out "and the Governor of the telephone bank" after "The Secretary" in introductory provisions.
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".
Tried the LawStack mobile app?
Join thousands and try LawStack mobile for FREE today.
- Carry the law offline, wherever you go.
- Download CFR, USC, rules, and state law to your mobile device.
