|
|
|
U.S. Code as of:
01/19/04
Section 1141d-1. Interest rates on loans made from revolving fund
Interest rates in excess of the rates set forth in notes or other
obligations taken by the Federal Farm Board or the Farm Credit
Administration for loans made from the revolving fund authorized by
section 1141d of this title shall not be charged or collected on
any of said loans, whether such loans have been heretofore or are
hereafter paid in whole or in part, except that in those cases
where a borrower by specific contract has agreed to pay a higher
rate of interest, the contract rate shall be charged for the period
agreed upon; and the amount of any interest collected in excess of
the rates thus set forth or contracted for shall be refunded out of
said fund or credited on the borrower's indebtedness.
|
|