§ 3745. Interest on loans
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/usc/title-38/section-3745A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Loans guaranteed under this subchapter shall bear interest not in excess of such rate as the Secretary may from time to time find the loan market demands. In establishing the rate of interest that shall be applicable to such loans, the Secretary shall consult with the Administrator of the Small Business Administration.
(b)The rate of interest on any direct loan made by the Secretary under this subchapter may not exceed the maximum rate in effect under subsection
(a)of this section at the time the direct loan is made.
(Added Pub. L. 97–72, title III, § 302(a), Nov. 3, 1981, 95 Stat. 1058, § 1845; amended Pub. L. 101–237, title III, § 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered § 3745 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406; Pub. L. 103–446, title XII, § 1201(a)(3), Nov. 2, 1994, 108 Stat. 4682.)
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13 references not yet in our index
- Pub. L. 97–72, title III, § 302(a)
- 95 Stat. 1058
- Pub. L. 101–237, title III, § 313(b)(1)
- 103 Stat. 2077
- Pub. L. 102–83
- 105 Stat. 404–406
- Pub. L. 103–446, title XII, § 1201(a)(3)
- 108 Stat. 4682
- Pub. L. 103–446
- Pub. L. 102–83, § 5(a)
- section 1845 of this title
- Pub. L. 102–83, § 4(b)(1)
- Pub. L. 101–237
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§ 3745
Interest on loans
U.S.C.×1
Pub. L.Pub. L. 97–72, title III, § 302(a)
Stat.95 Stat. 1058
Pub. L.Pub. L. 101–237, title III, § 313(b)(1)
Stat.103 Stat. 2077
Pub. L.Pub. L. 102–83
Cites 13 · showing 5Cited by 1 across 1 source