16A.20  Lending institution write-off of bought-down interest.

A lending institution participating in the operating assistance program under this chapter may write off the interest bought down under the program over a period not to exceed five years, rather than writing off the entire amount during the year in which the interest is bought down.

Section History: Recent form

  85 Acts, ch 252, §21

  CS85, § 175A.20

  C93, § 16A.20

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