Section 218. Interest rate for linked loans; no lender's fees

1. Linked
  loans made to certified  businesses  in  empire  zones  or  to  eligible
  businesses  in  highly  distressed  areas  or to minority or women-owned
  business enterprises for an eligible project defined in paragraph (e) of
  subdivision twelve of section two hundred thirteen of this article or to
  a defense industry manufacturer for a project defined in  paragraph  (d)
  of  subdivision  twelve  of section two hundred thirteen of this article
  shall bear interest at a fixed rate equal  to  three  percentage  points
  below the fixed interest rate the lender would have charged for the loan
  in   the  absence  of  a  linked  deposit  based  on  its  usual  credit
  considerations. All other linked loans shall bear interest  at  a  fixed
  rate  equal  to  two percentage points below the fixed interest rate the
  lender would have charged for the  loan  in  the  absence  of  a  linked
  deposit  based on its usual credit considerations. Lenders shall certify
  to the commissioner of economic development that the rate to be  charged
  on a linked loan is two percentage points or three percentage points, as
  the  case  may be, below the interest rate the lender would have charged
  for the loan in the absence of a linked deposit.
    2. Lenders who make  loans  pursuant  to  the  program  shall  not  be
  entitled  to  charge  any  discount,  points, origination fees, handling
  fees, service charges, refinancing fees or penalties or any charge other
  than those normally charged and in such amounts normally charged by  the
  lender for loans of the type being made without regard to the program.