§ 1483. — Interest rate.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 25USC1483]
TITLE 25--INDIANS
CHAPTER 17--FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN
ORGANIZATIONS
SUBCHAPTER II--LOAN GUARANTY AND INSURANCE
Sec. 1483. Interest rate
Loans guaranteed or insured pursuant to this subchapter shall bear
interest (exclusive of premium charges for insurance, and service
charge, if any) at rates not to exceed such per centum per annum on the
principal obligation outstanding as the Secretary determines to be
reasonable taking into consideration the range of interest rates
prevailing in the private market for similar loans and the risks assumed
by the United States.
(Pub. L. 93-262, title II, Sec. 203, Apr. 12, 1974, 88 Stat. 79.)
Section Referred to in Other Sections
This section is referred to in section 1499 of this title.
