Interest Rate Confirmation Notices. After making each Advance, FFB shall deliver, by facsimile transmission, to the Borrower, the Department, and the Loan Servicer written confirmation of the making of the respective Advance, which confirmation shall:
(a) state the date on which such Advance was made;
(b) state the interest rate applicable to such Advance; and
(c) assign an Advance Identifier to such Advance for use by the Borrower, the Department, and Loan Servicer in all communications to FFB making reference to such Advance.
Interest Rate Confirmation Notices
