Act of May 20, 1936, ch. 432, tit. II, sec. 204 (as amended)
LOAN FEASIBILITY.
SEC. 204. [7 U.S.C. 925] LOAN FEASIBILITY.
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.
- Cross-references to the US Code
- 7 U.S.C. 925