[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1300.15]

[Page 526]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
           CHAPTER VI--AIR TRANSPORTATION SYSTEM STABILIZATION
 
PART 1300_AVIATION DISASTER RELIEF_AIR CARRIER GUARANTEE LOAN PROGRAM--Table of Contents
 
        Subpart B_Minimum Requirements and Application Procedures
 
Sec.  1300.15  Loan terms.

    (a) A loan guaranteed under the program shall be due and payable in 
full no later than seven years from the date on which the first 
disbursement of the loan is made.
    (b) Loans guaranteed under the program must bear a rate of interest 
determined by the Board to be reasonable. In determining the 
reasonableness of an interest rate, the Board shall consider the 
percentage of the guarantee, any collateral, other loan terms, and 
current average yields on outstanding obligations of the United States 
with maturity comparable to the term of the loan guaranteed. The Board 
may reject an application to guarantee a loan if it determines the 
interest rate on such loan to be unreasonable.
    (c) An eligible lender may assess and collect from the borrower such 
other fees and costs associated with the application and origination of 
the loan as are reasonable and customary, taking into consideration the 
amount and complexity of the credit. The Board may take such other fees 
and costs into consideration when determining whether to offer a 
guarantee to the lender.