2000 U.S. Code
Title 25 - INDIANS
CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
SUBCHAPTER I - INDIAN REVOLVING LOAN FUND
Sec. 1464 - Maturity of loans; interest rate; interest deferral on educational loans
View Metadata| Publication Title | United States Code, 2000 Edition, Title 25 - INDIANS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 25 - INDIANS CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS SUBCHAPTER I - INDIAN REVOLVING LOAN FUND Sec. 1464 - Maturity of loans; interest rate; interest deferral on educational loans |
| Contains | section 1464 |
| Date | 2000 |
| Laws in Effect as of Date | January 2, 2001 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 93-262, title I, §104, Apr. 12, 1974, 88 Stat. 78. |
| Statutes at Large Reference | 88 Stat. 78 |
| Public Law Reference | Public Law 93-262 |
§1464. Maturity of loans; interest rate; interest deferral on educational loans
Loans shall be for terms that do not exceed thirty years and shall bear interest at (a) a rate determined by the Secretary of the Treasury taking into consideration the market yield on municipal bonds: Provided, That in no event shall the rate be greater than the rate determined by the Secretary of the Treasury taking into consideration the current average yield on outstanding marketable obligations of the United States of comparable maturity, plus (b) such additional charge, if any, toward covering other costs of the program as the Secretary may determine to be consistent with its purpose: Provided, That educational loans may provide for interest to be deferred while the borrower is in school or in the military service.
(Pub. L. 93–262, title I, §104, Apr. 12, 1974, 88 Stat. 78.)
Section Referred to in Other SectionsThis section is referred to in section 1511 of this title.
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