Order No. 1074 on rate interests of cyclical governmental loans to tenant farmers.
Country
Type of law
Regulation
Abstract
The Order sets guidelines for the regulation of interest rates applied to governmental loans to tenant farmers in accordance to article 26 of Order No. 662 of 14 August 1997 on governmental smallholdings and rents. The regulated interest rates in December 2012 with termination in June 2013 are reduced by half (for interest rates from 3 to 5%) and by 2.5% (for interest rates of 5.5% or more).
Attached files
Web site
Date of text
Entry into force notes
Entry into force on 7 December 2012.
Notes
Implementing Order No. 782 of 22 November 1990 on authorization in accordance to the Act on governmental provision of land and loans to agricultural activities.
Repealed
No
Source language
English
Legislation status
in force
Legislation Amendment
No
Original title
Bekendtgørelse om størrelsen af jordrente og rente af statslån med konjunkturbestemt rente i husmandsbrug.