7 C.F.R. § 5001.456

Current through May 31, 2024

Section 5001.456 - Other fees

The Agency has the authority and may at its discretion charge additional fees in order to maintain adequate levels of program funding. Prior to the Agency charging any additional fees, the Agency will publish a notice of those fees in the FEDERAL REGISTER in accordance with § 5001.10 . All fees will be disclosed in the conditional commitment specific to the project as issued to the lender at the time approval.

(a) Until the loan note guarantee is canceled by the Agency, any delinquent fees will bear interest at the promissory note rate.

(b) Lenders are prohibited from selling any portion of the guaranteed loan on the secondary market if there are unpaid fees.

7 C.F.R. §5001.456

85 FR 42518, 10/1/2020