§ 925. Loan feasibility

Latest version.

The Secretary and the Governor of the telephone bank may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to— (1) increase the rates charged to the applicant’s customers or subscribers; or (2) increase the applicant’s ratio of—(A) net income or margins before interest; to(B) the interest requirements on all of the applicant’s outstanding and proposed loans.

(May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)

Amendments

1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.

                    
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