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7 U.S.C. · Agriculture
7 U.S.C. § 1927a

Loan interest rates charged by Farmers Home Administration; grant funds associated with loans

Ch. 50 — AGRICULTURAL CREDIT
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 50
Statutory Text

7 U.S.C. § 1927a — Loan interest rates charged by Farmers Home Administration; grant funds associated with loans

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER I - REAL ESTATE LOANS Sec. 1927a - Loan interest rates charged by Farmers Home Administration; grant funds associated with loans From the U.S. Government Publishing Office, www.gpo.gov

§1927a. Loan interest rates charged by Farmers Home Administration; grant funds associated with loans

Effective October 1, 1981, and thereafter, in the case of water and waste disposal and community facility borrowers, and effective November 12, 1983, and thereafter, in the case of housing and farm borrowers, upon request of the borrower, the interest rate charged by the Farmers Home Administration to such borrowers shall be the lower of the rates in effect at either the time of loan approval or loan closing and any Farmers Home Administration grant funds associated with such loans shall be set in amount based on the interest rate in effect at the time of loan approval.

(Pub. L. 99–88, title I, §100, Aug. 15, 1985, 99 Stat. 296; Pub. L. 100–233, title VI, §615(b)(1)(A), Jan. 6, 1988, 101 Stat. 1681.)

Editorial Notes

Codification Section was enacted as part of the Supplemental Appropriations Act, 1985, and not as part of the Consolidated Farm and Rural Development Act which comprises this chapter.

Amendments 1988—Pub. L. 100–233 substituted "Effective October 1, 1981, and thereafter, in the case of water and waste disposal and community facility borrowers, and effective November 12, 1983, and thereafter, in the case of housing and farm borrowers" for "Effective November 12, 1983, and thereafter" and "to such borrowers" for "to housing, farm, water and waste disposal, and community facility borrowers".

Statutory Notes and Related Subsidiaries

Applicability of 1988 Amendment Pub. L. 100–233, title VI, §615(b)(1)(B), Jan. 6, 1988, 101 Stat. 1682, provided that: "The amendment made by subparagraph (A) [amending this section] shall not apply to any note or other obligation sold under section 1001 of the Omnibus [Budget] Reconciliation Act of 1986 [Pub. L. 99–509, 7 U.S.C. 1929a note] on or before the date of the enactment of this paragraph [Jan. 6, 1988]."

Source: uscode.house.gov — public domain Official Source ↗
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7 U.S.C. § 1927a
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The statutory text of 7 U.S.C. § 1927a is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 7 U.S.C. § 1927 7 U.S.C. § 1928 →
Ch. 50 — AGRICULTURAL CREDIT
7 U.S.C. § 19217 U.S.C. § 19227 U.S.C. § 19237 U.S.C. § 19247 U.S.C. § 19257 U.S.C. § 19267 U.S.C. § 192617 U.S.C. § 1926a7 U.S.C. § 1926b7 U.S.C. § 1926c7 U.S.C. § 1926d7 U.S.C. § 1926e7 U.S.C. § 1926f7 U.S.C. § 19277 U.S.C. § 1927a7 U.S.C. § 19287 U.S.C. § 19297 U.S.C. § 192917 U.S.C. § 1929a7 U.S.C. § 1929b7 U.S.C. § 19307 U.S.C. § 19317 U.S.C. § 19327 U.S.C. § 19337 U.S.C. § 19347 U.S.C. § 19357 U.S.C. § 19367 U.S.C. § 1936a7 U.S.C. § 1936b7 U.S.C. § 1936c
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