Title 7 — AgricultureRelease 119-73not60
§925 Loan Feasibility
Title 7 › Chapter 31— RURAL ELECTRIFICATION AND TELEPHONE SERVICE › Subchapter II— RURAL TELEPHONE SERVICE › § 925
Summary
The Secretary cannot demand that a borrower raise the prices it charges customers or subscribers in order to get a telephone loan. The Secretary also cannot require the borrower to raise its ratio of income before interest (or margins) to the interest it must pay on all existing and planned loans.
Full Legal Text
Title 7, §925
Agriculture — Source: USLM XML via OLRC
The Secretary 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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2018—Pub. L. 115–334 struck out “and the Governor of the telephone bank” after “The Secretary” in introductory provisions. 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.
Reference
Citations & Metadata
Citation
7 U.S.C. § 925
Title 7 — Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60