2018 US Code
Title 7 - Agriculture
Chapter 100 - Agricultural Market Transition
Subchapter III - Nonrecourse Marketing Assistance Loans and Loan Deficiency Payments
Sec. 7233 - Term of loans

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Citation 7 U.S.C. § 7233 (2018)
Section Name §7233. Term of loans
Section Text (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.

Source Credit

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

Publication Title United States Code, 2018 Edition, Title 7 - AGRICULTURE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 7 - AGRICULTURE
CHAPTER 100 - AGRICULTURAL MARKET TRANSITION
SUBCHAPTER III - NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS
Sec. 7233 - Term of loans
Contains section 7233
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law No
Disposition standard
Statutes at Large References 110 Stat. 907
Public Law References Public Law 104-127
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