2016 US Code
Title 7 - Agriculture
Chapter 50 - Agricultural Credit
Subchapter IV - Administrative Provisions
Sec. 2006a - Borrower training
| 7 U.S.C. § 2006a (2016) |
| §2006a. Borrower training |
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(a) In general
The Secretary shall enter into contracts to provide educational training to all borrowers of farmer program direct loans made under this chapter in financial and farm management concepts associated with commercial farming. (b) Contract (1) In generalThe Secretary may contract with State or private providers of farm management and credit counseling services (including a community college, the extension service of a State, a State department of agriculture, or a nonprofit organization) to carry out this section. The Secretary may consult with the chief executive officer of a State concerning the identity of the contracting organization and the process for contracting. Subject to paragraph (2), to be eligible to obtain a direct loan under this chapter, a borrower must obtain management assistance under this section, appropriate to the management ability of the borrower (as determined by the appropriate county committee during the determination of eligibility for the loan). The need of a borrower who satisfies the criteria set out in section 1922(a)(1)(B) or 1941(a)(1)(B) of this title for management assistance under this section shall not be cause for denial of eligibility of the borrower for a direct loan under this chapter. The Secretary shall issue regulations establishing guidelines and curriculum for the borrower training program established under this section. (e) PaymentA borrower shall pay for training received under this section, and may use funds from operating loans made under subchapter II to pay for the training. (f) Waivers (1) In generalThe Secretary may waive the requirements of this section for an individual borrower if the Secretary determines that the borrower demonstrates adequate knowledge in areas described in this section. The Secretary shall establish criteria providing for the application of paragraph (1) consistently in all counties nationwide. |
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(Pub. L. 87–128, title III, §359, as added Pub. L. 101–624, title XVIII, §1818(a), Nov. 28, 1990, 104 Stat. 3829; amended Pub. L. 105–277, div. A, §101(a) [title VIII, §805(3)], Oct. 21, 1998, 112 Stat. 2681, 2681–39; Pub. L. 107–171, title V, §§5316, 5501(c), May 13, 2002, 116 Stat. 348, 351; Pub. L. 113–79, title V, §5306, Feb. 7, 2014, 128 Stat. 840.) |
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REFERENCES IN TEXT
For definition of "this chapter", referred to in subsecs. (a) and (c), see note set out under section 1921 of this title. AMENDMENTS2014—Subsec. (c)(2). Pub. L. 113–79 substituted "section 1922(a)(1)(B) or 1941(a)(1)(B)" for "section 1922(a)(2) or 1941(a)(2)". 2002—Subsec. (c)(1). Pub. L. 107–171, §5501(c), struck out "established pursuant to section 1982 of this title," after "appropriate county committee". Subsec. (f). Pub. L. 107–171, §5316, added subsec. (f) and struck out heading and text of former subsec. (f). Text read as follows: "The Secretary may waive the requirements of this section for an individual borrower on a determination by the county committee that the borrower demonstrates adequate knowledge in areas described in this section." 1998—Subsec. (a). Pub. L. 105–277, §101(a) [title VIII, §805(3)(A)], struck out "and guaranteed" after "direct". Subsec. (c). Pub. L. 105–277, §101(a) [title VIII, §805(3)(B)], struck out "or guaranteed" after "direct" in pars. (1) and (2). |
| United States Code, 2012 Edition, Supplement 4, Title 7 - AGRICULTURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 7 - AGRICULTURE CHAPTER 50 - AGRICULTURAL CREDIT SUBCHAPTER IV - ADMINISTRATIVE PROVISIONS Sec. 2006a - Borrower training |
| section 2006a |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 104 Stat. 3829 112 Stat. 2681 116 Stat. 348 128 Stat. 840 |
| Public Law 87-128, Public Law 101-624, Public Law 105-277, Public Law 107-171, Public Law 113-79 |
