15 USC § 636b - Disaster loan interest rates

---
identifier: "/us/usc/t15/s636b"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 636b - Disaster loan interest rates"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "636b"
section_name: "Disaster loan interest rates"
chapter_number: 14
chapter_name: "AID TO SMALL BUSINESS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 91–606, title II, § 234, Dec. 31, 1970, 84 Stat. 1754.)"
---


# 1 Disaster loan interest rates

See References in Text note below.

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Any loan made under section 636a  of this title and section 4452  of title 42 shall not exceed the current cost of repairing or replacing the disaster injury, loss, or damage in conformity with current codes and specifications. Any loan made under sections 636a  and 636d of this title, and sections 3538 and 4452  of title 42 shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity of ten to twelve years reduced by not to exceed 2 per centum per annum. In no event shall any loan made under this section bear interest at a rate in excess of 6 per centum per annum.

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**Source Credit**: (Pub. L. 91–606, title II, § 234, Dec. 31, 1970, 84 Stat. 1754.)

## Editorial Notes

### References in Text

, referred to in text, was repealed by , , .

, referred to in text, was repealed by , , .

### Codification

Section was enacted as part of the Disaster Relief Act of 1970, and not as part of the Small Business Act which comprises this chapter. Section was formerly classified to , The Public Health and Welfare.

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective , see , set out as an Effective Date of 1970 Amendment note under , Internal Revenue Code.