7 U.S.C. · Agriculture
7 U.S.C. § 7233

Term of loans

Ch. 100 — AGRICULTURAL MARKET TRANSITION
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 100
Statutory Text

7 U.S.C. § 7233 — Term of loans

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 100 - AGRICULTURAL MARKET TRANSITION SUBCHAPTER III - NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS Sec. 7233 - Term of loans From the U.S. Government Publishing Office, www.gpo.gov

§7233. Term of loans

(a) Term of loan In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) Special rule for cotton A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made. (c) Extensions prohibited The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

(Pub. L. 104–127, title I, §133, Apr. 4, 1996, 110 Stat. 907.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 7 U.S.C. § 7233 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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