FEDERAL · 38 U.S.C. · Chapter 37
Interest on loans
Current through Pub. L. 119-102
(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.
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38 U.S.C. § 3745 (Interest on loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Opinion No.
(Arkansas Attorney General Reports, 2010)
Source Credit
History
(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.)
Editorial Notes
Editorial Notes
Amendments
1994—Subsec. (a). Pub. L. 103–446 substituted "Administrator" for "Secretary" before "of the Small Business Administration".
1991—Pub. L. 102–83, §5(a), renumbered section 1845 of this title as this section.
Subsec. (a). Pub. L. 102–83, §4(b)(1), (2)(E), substituted "Secretary" for "Administrator" before "of the Small Business Administration".
1989—Pub. L. 101–237 substituted "Secretary" for "Administrator" wherever appearing other than third place it appears in subsec. (a).
Amendments
1994—Subsec. (a). Pub. L. 103–446 substituted "Administrator" for "Secretary" before "of the Small Business Administration".
1991—Pub. L. 102–83, §5(a), renumbered section 1845 of this title as this section.
Subsec. (a). Pub. L. 102–83, §4(b)(1), (2)(E), substituted "Secretary" for "Administrator" before "of the Small Business Administration".
1989—Pub. L. 101–237 substituted "Secretary" for "Administrator" wherever appearing other than third place it appears in subsec. (a).