Iowa Administrative Code
Agency 261 - Economic Development Authority
Part III - Community Development Division
Chapter 36 - Downtown Loan Guarantee Program
Rule 261-36.6 - Annual Fee
Universal Citation: IA Admin Code 261-36.6
Current through Register Vol. 47, No. 6, September 18, 2024
The lender shall pay an annual loan guarantee fee not to exceed 2 percent of the loan amount for the duration of the loan guarantee. The fee applicable to each approved loan guarantee will be established by the program agreement executed pursuant to rule 261-36.7 (15).
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