---
type: "LegalText"
title: "7 U.S.C. § 925"
description: "Loan feasibility"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 7
title_name: "AGRICULTURE"
chapter_number: "31"
chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
section: "925"
citation: "7 U.S.C. § 925"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
source_identifier: "/us/usc/t7/s925"
source_file: "data/legal/raw/us/code/title-07/usc07.xml"
source_hash: "c35208b687dd6a3d1b50cf3d23c4538496cd3f70e9e82f4e3580e4d7edeffedc"
raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
text_hash: "6812683ff8710143793234b28bffa48dba46610db2c024af6b62c790a7b9795b"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 7 U.S.C. § 925 - Loan feasibility

## Text

The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—

(1) increase the rates charged to the applicant’s customers or subscribers; or

(2) increase the applicant’s ratio of—

(A) net income or margins before interest; to

(B) the interest requirements on all of the applicant’s outstanding and proposed loans.

(May 20, 1936, ch. 432, title II, § 204, as added Pub. L. 101–624, title XXIII, § 2355, Nov. 28, 1990, 104 Stat. 4039; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(2), Dec. 20, 2018, 132 Stat. 4776.)

## Notes

Editorial Notes

Amendments2018—Pub. L. 115–334 struck out “and the Governor of the telephone bank” after “The Secretary” in introductory provisions. 1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.