A bill to amend the Small Business Act to repeal the credit elsewhere test in determining the interest rates applicable to homeowners and businesses on disaster loans.

reportedUnited States· United States Congress· EN

Introduced

2 March 1983

Last action

—

Status

Ordered to be Reported (Amended).

Summary

Amends the Small Business Act to repeal provisions which specify the maximum interest rates on disaster loans made by the Small Business Administration (SBA) to homeowners and small businesses unable to obtain credit elsewhere. Specifies the maximum interest rate which shall apply to all disaster loans made by the SBA.

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Documents

1 official file

Introduced in House
summary · EN · 2 March 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/1779
Open data entity: https://api.congress.gov/v3/bill/98/hr/1779