46 CFR § 298.25 - Excess interest or other consideration.

---
identifier: "/us/cfr/t46/s298.25"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 298.25 - Excess interest or other consideration."
title_number: 46
title_name: "Shipping"
section_number: "298.25"
section_name: "Excess interest or other consideration."
chapter_name: "MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"
subchapter_number: "D"
subchapter_name: "VESSEL FINANCING ASSISTANCE"
part_number: "298"
part_name: "OBLIGATION GUARANTEES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "46 U.S.C. chapter 537; 49 CFR 1.93."
regulatory_source: "65 FR 45152, July 20, 2000, unless otherwise noted."
cfr_part: "298"
---


# 298.25 Excess interest or other consideration.

We shall not execute Guarantees if any agreement in the Documentation directly or indirectly provides for:

(a) The payment to an Obligee of interest, or other compensation for services which have not been performed, in a manner that such compensation or payment is being provided as interest in excess of the rate approved by us; or

(b) Grants of security to an Obligee in addition to the Guarantees.