1997 U.S. Code
Title 7 - AGRICULTURE
CHAPTER 50 - AGRICULTURAL CREDIT
SUBCHAPTER I - REAL ESTATE LOANS
Sec. 1925 - Limitation on amount of loan
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 3, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER I - REAL ESTATE LOANS Sec. 1925 - Limitation on amount of loan |
| Contains | section 1925 |
| Date | 1997 |
| Laws in Effect as of Date | January 26, 1998 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 87-128, title III, §305, Aug. 8, 1961, 75 Stat. 308; Pub. L. 91-620, §1, Dec. 31, 1970, 84 Stat. 1862; Pub. L. 92-419, title I, §103, Aug. 30, 1972, 86 Stat. 658; Pub. L. 91-524, title VIII, §807, as added Pub. L. 93-86, §1(27)(B), Aug. 10, 1973, 87 Stat. 237; Pub. L. 95-334, title I, §103, Aug. 4, 1978, 92 Stat. 421; Pub. L. 102-554, §3, Oct. 28, 1992, 106 Stat. 4142. |
| Statutes at Large References | 75 Stat. 308 84 Stat. 1862 86 Stat. 658 87 Stat. 237 92 Stat. 421 106 Stat. 4142 |
| Public Law References | Public Law 87-128, Public Law 91-524, Public Law 91-620, Public Law 92-419, Public Law 93-86, Public Law 95-334, Public Law 102-554 |
§1925. Limitation on amount of loan
The Secretary shall make or insure no loan under sections 1922, 1923, 1924, 1934, and 1935 of this title that would cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of (1) the value of the farm or other security, or (2) in the case of a loan other than a loan guaranteed by the Secretary, 0,000, or, in the case of a loan guaranteed by the Secretary, 0,000. In determining the value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary.
(Pub. L. 87–128, title III, §305, Aug. 8, 1961, 75 Stat. 308; Pub. L. 91–620, §1, Dec. 31, 1970, 84 Stat. 1862; Pub. L. 92–419, title I, §103, Aug. 30, 1972, 86 Stat. 658; Pub. L. 91–524, title VIII, §807, as added Pub. L. 93–86, §1(27)(B), Aug. 10, 1973, 87 Stat. 237; Pub. L. 95–334, title I, §103, Aug. 4, 1978, 92 Stat. 421; Pub. L. 102–554, §3, Oct. 28, 1992, 106 Stat. 4142.)
Amendments1992—Pub. L. 102–554 inserted reference to section 1935 of this title.
1978—Pub. L. 95–334 substituted provisions setting forth requirements for loans under sections 1922, 1923, 1924, and 1934 of this title for provisions setting forth requirements for loans under sections 1922, 1923, and 1924 of this title.
1973—Pub. L. 91–524, §807, as added by Pub. L. 93–86, substituted “5,000” for “0,000” in cl. (a), added cl. (b), and redesignated former cl. (b) as (c).
1972—Pub. L. 92–419 struck out “normal” before “value” in first and second sentences and before “market value” in last sentence.
1970—Pub. L. 91–620 substituted “0,000” for “,000”.
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