80-001 Code Vt. R. 80-160-001-X
Current through August, 2024
AGRICULTURAL FINANCE PROGRAM INTEREST RATE RULE
Interest rates shall be established by the Vermont Rehabilitation Corporation with the approval of the Vermont Industrial Development Authority. It is the intent of the Corporation and the Authority to keep interest rates as low as possible consistent with the needs of the Vermont agricultural community.
Interest rates for FY1988 shall be 5.5%, with a 1% origination fee. Loan terms will not exceed 20 years for real estate and 5 years for chattel mortgages.Statutory Authority: Not available
80-001 Code Vt. R. 80-160-001-X