7-U.S.C.-925
§925 – Loan Feasibility
Pathway
Title 7 > Chapter 31 > Subchapter II > Section 925
Details
- Reference: Section 925
- Legend: §925 – Loan Feasibility
- USCode Year: 2013
Provision Content
The Secretary and the Governor of the telephone bank 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 applicants customers or subscribers; or
(2) increase the applicants ratio of—
(A) net income or margins before interest; to
(B) the interest requirements on all of the applicants 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.)
Amendments
1994—Pub. L. 103–354 substituted Secretary” for Administrator”.
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