WPC3 7OF7Ei )ܿ/6>a@x"WمR2Met WJյ$闸S'\^dGC-yZ}>m@m9(< ڮWM#Clӄު%(htpK}lыl>G3Y킢Z|ACzRvv ŭ Mڰ)g'`9Z 0j_^G[znj./scV6x UBz %U : 0l 0OU.m B* D3  0 0=K 0 AS  Eh U.j  nY 0r Bsw:4 {b\  `*Times New RomanTT;6X9`("Courier NewTT' Loan Criteria under 1714 ,Clifton A. Burris,0Clifton A. Burris .   h~:Default ParaDefault Paragraph FontXXXW\  `*Times New RomanTTW        XXXO;6X9`("Courier NewTTOT}~:Document MapDocument Map  XXXC%2A`ArialTTC        XXXO;6X9`("Courier NewTTO%2A`ArialTT&0 d d'dxd Level 1 Level 2 Level 3 Level 4 Level 5(e2$ u!XW XX}XXXW    ($    (e2$ u!XW XX}XXXW     E<< c <6X9`(Courier3|x\  `*Times New RomanTTC\  P6QP;6X9`("Courier NewTTTTXXv6X@CX@\  `*Times New RomanTTXXP\  P6QXP%2A`ArialTTTTTTXXX2PQXP<6X9`(CourierTTTTd6X@C@(Ju$XW XX}XXXW    d D E D E Dgggc^%(\A$z  JkJzA  "XXXXXX   H4 ,Hd !(#XH  u!XXXXXX   XXH4 ,Hd !(#XH         PROCEDURESFORDETERMININGINTERESTRATECATEGORY        (Pursuantto7CFRParts1710and1714)THETHREECATEGORIESAPPLICABLETOINSUREDLOANSAREASFOLLOWS:(1) FIVEPERCENTHARDSHIPRATE: Thissectionallowsqualifyingunder   threemethods:(A)standardeligibilityrequirements;(B)passinganextremely"highrates"test;and(C)theAdministrator'sDiscretion.  K74 ,Hd !(#K0  0T$T$04T$T$   A.  UnderthestandardEligibilityRequirements,twotestsmust @d# be L   met(7CFR1714.8(1).Theyareoutlinedbriefly: 4T$4T$ W: ,Hd !(#4 W0  0T$T$0 T$T$0 T$ T$0 T$ T$0 T$ T$ (a)  THERATEDISPARITYTEST 󀄀Therearetwopartsto   thistestasfollows:(A)Theavg.rev.perkWhoftheborrowerfromALLCONSUMERSisatleast20percentabovetheaverageforALLUTILITIESintheSTATE;and,(B)Theavg.rev.perkWhfromresidentialconsumers,bothseasonalandnonseasonal,oftheborrowerisatleast20percentabovetheavg.forALLUTILITIESintheSTATE.  T$ T$ 0  0T$T$0 T$T$0 T$ T$0 T$ T$0 T$ T$ (b)  THECONSUMERINCOMETEST 󀄀Thisisan"Either/Or"  situationwheretheborrowcanmeetthistest"IF"(A)Theavg.percapitaincomeofitsresidentialconsumersisLESSthantheavg.percapitaincomeintheSTATE;OR,(B)ThemedianhouseholdincomeofitsresidentialconsumersislowerthanthemedianhouseholdincomeintheSTATE.  T$ T$ Z74 ,Hd !(# Z0  0T$T$04T$T$    4T$4T$ 0  0T$T$04T$T$   B.   HIGHRATESTEST: Toqualifyunderthe"extremely"HighRates h Test,aborrower'sresidentialrevenueperkWhmustexceed15.0centsperkWhassetforthin7CFR1714.8(b). 4T$4T$   Q4 ,Hd !(#4 Q  K74 ,Hd !(#K0  0T$T$04T$T$   C.   ADMINISTRATOR'SDISCRETION: Toseekthiscategory,aborrower <  mustfollowtherequirementsin7CFR1714.8(c). 4T$4T$   Q4 ,Hd !(#4 Q    0   (2)   MUNICIPALRATECAPPEDAT7PERCENT,WITHORWITHOUTTHE  CALL h$ PROVISION .0%T$T$     0  Toqualifyunderthissection,theborrowercanmeetEITHERoftwocriteria: T$T$ 0   T$T$ K74 ,Hd !(#K0  0T$T$04T$T$   (1)  LowConsumerDensityTest:Thistestismetiftheavg. #0!* numberofconsumerspermileislessthan5.50(7CFR1714.7(a); 4T$4T$ 0  0T$T$04T$T$      4T$4T$ 0  0T$T$04T$T$   OR, 4T$4T$ 0  0T$T$04T$T$    4T$4T$ 0  0T$T$04T$T$   (2)  TheborrowermeetsBOTH(a)RateDisparityTestand(b)a D(%0 ConsumerIncomeTest(7CFR1714.7(b). 4T$4T$   Q4 ,Hd !(#4 Q  0   (3)   UNCAPPEDMUNICIPALRATE: Anyapplicationwhichdoesnot *P(3 qualifyforahardshiprateloanortheinterestratecapshallbeconsideredforanuncappedmunicipalrateloan. 8,)5T$T$    INFORMATIONALREQUIREMENTSFOR  X  DETERMININGBORROWERELIGIBILITY    L<8z X 0 @ H@E 0   d   BeforealoanapplicationissubmittedtoRUS,acalculationisrequiredtodeterminewhatcategoryofloanforwhichyouqualify,ie,100%RUShardshiploanat5%;7%cappedMunicipalrateloan;oranuncappedMunicipalrateloan.Pleaseprovidethefollowinginformationwhichwillbeusedasinputdataindeterminingloaneligibility.YoumaycompletetheinformationbelowandreturntoyourRUSGFR.Therequiredinformationmaybereturnedbymail,faxorEmail.Mailing,faxorEmailaddressfortheappropriateGFRmaybefoundbyaccessingtheRUSWebpageatwww.usda.gov/rus/home/home.htm.(CutHere)̄ NAMEOFBORROWER ________________________________________________ (#   XX NameofCountyServedNo.OfRes.Cons.󀀀NameofCountyServedNo.OfRes.Cons.  L XXXXXX(1)         ,  H  d (7)           !  (#  4 (2)         ,  H  d (8)           !  (#   (3)         ,  H  d (9)           !  (#  , (4)         ,  H  d (10)           !  (#  ,   (5)         ,  H  d (11)            !  (#  |!   (6)         ,  H  d (12)            !  (#  |$# B. DENSITY ,Consumerspermile(FromlatestForm7)A)R!*dER!*A     !  (#   & C. AVERAGEREVENUEPERkWh (Fromyearend1997Form7)   !  (#  "< ( A)\x#dTE\x#AD. RESIDENTIALREVENUE/kWh (Frommostrecentyearend 0$!* ЀForm7,includesalestobothseasonand̀Nonseasonalconsumers) d         A)>>&KdE>>&KA   !  (#  %h#,   E. AVERAGERESIDENTIALREVENUEPER/kWh (Fromyearend $(%/ Ѐ1997Form7)    ,  H  d         A)>)*dE>)*A   !  (#  (&0 Thankyouforyourassistanceincompletingandreturningthisinformation.PleasefeelfreetocallifyouhavequestionsorwishtodiscusswithyourGFR.