7 CFR § 3550.113 - Rates and terms (loans only).

---
identifier: "/us/cfr/t7/s3550.113"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3550.113 - Rates and terms (loans only)."
title_number: 7
title_name: "Agriculture"
section_number: "3550.113"
section_name: "Rates and terms (loans only)."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3550"
part_name: "DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 42 U.S.C. 1480."
regulatory_source: "61 FR 59779, Nov. 22, 1996, unless otherwise noted."
cfr_part: "3550"
---


# 3550.113 Rates and terms (loans only).

(a) *Interest rate.* The interest rate for all section 504 loans will be 1 percent.

(b) *Loan term.* The repayment period for all section 504 loans will be 20 years.

[61 FR 59779, Nov. 22, 1996, as amended at 87 FR 6773, Feb. 7, 2022]