(B) the Secretary decides that the proposed middle mile network are going to be able to supporting retail broadband provider meeting the most broadband buildout prerequisite founded underneath segment 950bb(e)(4) of this title for that residents inside the proposed assistance territory.

The Secretary shall not deny or decrease any mortgage or personal loan progress under this chapter based on a borrower's level of typical money.

§6104, amended segment normally. Ahead of Modification, text examine as follows: "As used On this chapter the expression 'rural space', apart from as provided in portion 924(b) of the title, shall be considered to signify any region of The us not involved within the boundaries of any urban spot, as outlined because of the Bureau of your Census, and this kind of time period shall be considered to include equally the farm and nonfarm populace thereof; the phrase 'farm' shall be deemed to imply a farm as defined in the publications of the Bureau of your Census; the expression 'man or woman' shall be deemed to indicate any normal individual, company, Company, or association; the time period 'Territory' shall be considered to include any insular possession of The us; as well as the term 'Secretary' shall be considered to indicate the Secretary of Agriculture."

For being eligible for any grant beneath this section, in addition to the necessities of subsection (d), the project that is the issue of the grant shall—

Notwithstanding subsection (a), a immediate or insured mortgage may be prepaid by An electrical borrower with the lesser from the remarkable principal stability thanks thereon or even the existing worth thereof discounted through the face benefit at maturity at the rate established from the Secretary if the borrower is an electrical Firm which resulted from a merger or consolidation in between a borrower and a company which, prior to October one, 1987, pay as you go its direct or insured loans pursuant to this area. Prepayments by a borrower hereunder shall be made not later than a person yr following the helpful date on the merger, consolidation, or other transaction.

No sums Together with the payment of the exceptional principal balance owing within the personal loan can be charged as the result of these kinds of prepayment versus the borrower, the fund, or even the Secretary.

When it seems towards the Secretary which the mortgage applicant can receive a financial loan for A part of his credit rating requires from the responsible cooperative or other credit history supply at fair fees and terms per the financial loan applicant's ability to pay out plus the accomplishment of the chapter's aims, he may perhaps ask for the personal loan applicant to submit an application for and accept this kind of loan concurrently with an insured personal loan, matter, having said that, to comprehensive use currently being produced by the Secretary in the money manufactured readily available hereunder for such insured loans under this subchapter.

(four) payment towards the holder of insured notes of any defaulted installment or, on assignment from the Observe towards the Secretary at his request, the entire stability thanks about the Observe;

Confirmed loans; accommodation and subordination of liens; interest fees; assignability of confirmed loans and relevant ensures.

The notes with the Secretary to the Secretary in the Treasury to obtain cash for loans beneath sections 904, 905,1 and 922 of the title, and all other liabilities from the appropriations or property inside the fund in reference to electrification and phone mortgage operations shall be liabilities on the fund, and all other obligations versus this kind of appropriations or assets inside the fund arising away from electrification and telephone bank loan operations shall be obligations on the fund.

"(A) notify the Administrator in producing, inside of 30 days once the issuance of regulations to execute this portion, of your intent of your borrower to prepay; and

(one) pinpointing each finished application for a phone loan less than portion 935 of the title or possibly a assurance of a phone financial loan less than portion 936 of the title that has not been lastly acted on within just ninety days after the day the completed software is submitted; and

The Secretary and the applicant may possibly jointly conform to amend the milestones and goals agreed to underneath paragraph (three).

(b) The Secretary in the Treasury is approved and directed to buy for resale obligations insured through the fund when made available from the Secretary. These resales shall be upon these more info kinds of conditions and terms given that the Secretary of the Treasury shall ascertain.