§ 2021. Loans through associations or agents

218 words·~1 min read·/usc/title-12/section-2021

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In general The Farm Credit Banks shall, except as otherwise herein provided, make loans of the type authorized under section 2015(a) of this title through a Federal land bank association chartered to serve the territory in which the real estate of the borrower is located.

(b)No active association If there is no active association chartered to serve territory where the real estate is located, the bank may make the loan directly or through such bank or trust company or savings or other financial institution as such bank may designate.

(c)Purchase of stock required When the loan is not made through a Federal land bank association, the applicant shall purchase stock in the bank in accordance with the capitalization requirements provided for in the bylaws of the bank.

(Pub. L. 92–181, title I, § 1.13, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1628.)

Connections2 cite this · traces to 1

Cited by 2 sections

statute-compilations

Sec. 1.13
LOANS THROUGH ASSOCIATIONS OR AGENTS

statutes-at-large

Public Law 100–233
To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes

Traces to 1 document

U.S. Code

Lending authority
§ 2015

7 references not yet in our index

Pub. L. 92–181, title I, § 1
Pub. L. 100–233, title IV, § 401
101 Stat. 1628
Pub. L. 92–181
section 2031 of this title
Pub. L. 100–233, § 401
101 Stat. 1622

Citation graph

cites case law

§ 2021

Loans through associations or agents

Stat. Comp.×1

Stat.×1

U.S.C.§ 2015

Pub. L.Pub. L. 92–181, title I, § 1

Pub. L.Pub. L. 100–233, title IV, § 401

Stat.101 Stat. 1628

Pub. L.Pub. L. 92–181

Citesection 2031 of this title

Cites 8 · showing 6Cited by 2 across 2 sources