Section 764.304 - Rates and terms(a)Rates.(1) The interest rate is the Agency's Direct Operating Loan rate, available in each Agency office.(2) The limited resource Operating Loan interest rate is not available for Youth loans.(3) The interest rate charged will be the lower rate in effect at the time of loan approval or loan closing.(b)Terms. Youth loan terms are the same as for an OL established at § 764.254(b) .