§ 1925. Limitations on amount of farm ownership loans
703 words·~3 min read·
/usc/title-7/section-1925A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general 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, $600,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary).
(b)Determination of value In determining the value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary.
(c)Inflation percentage For purposes of this section, the inflation percentage applicable to a fiscal year is the percentage (if any) by which—
(1)the average of the Prices Paid By Farmers Index (as compiled by the National Agricultural Statistics Service of the Department of Agriculture) for the 12-month period ending on July 31 of the immediately preceding fiscal year; exceeds
(2)the average of such index (as so defined) for the 12-month period that immediately precedes the 12-month period described in paragraph (1).
(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; Pub. L. 105–277, div. A, § 101(a) [title VIII, § 806(a)], Oct. 21, 1998, 112 Stat. 2681, 2681–39; Pub. L. 110–234, title V, § 5003, May 22, 2008, 122 Stat. 1144; Pub. L. 110–246, § 4(a), title V, § 5003, June 18, 2008, 122 Stat. 1664, 1905; Pub. L. 115–334, title V, § 5103, Dec. 20, 2018, 132 Stat. 4669.)
Connections83 cite this · traces to 3
Cited by 83 sections · top 60
public-private-law
statutes-at-large
- Public Law 91–619
- Public Law 93–84
- Public Law 92–417
- Public Law 110–234To provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes
- Public Law 115–334To provide for the reform and continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2023, and for other purposes
- Public Law 110–246To provide for the continuation of agricultural and other programs of the Department of Agriculture through fiscal year 2012, and for other purposes
- Public Law 95–334To amend the Consolidated Farm and Rural Development Act, provide an economic emergency loan program for farmers and ranchers, extend the Emergency Livestock Credit Act of 1974, and for other purposes
- Public Law 107–171To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes
- Public Law 102–554To amend the Consolidated Farm and Rural Development Act to establish a program to aid beginning farmers and ranchers and to improve the operation of the Farmers Home Administration, and to amend the Farm Credit Act of 1971, and for other purposes
- Public Law 105–276Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes
register
- UnknownFinal rule
- Rules and RegulationsNotice of proposed rulemaking
- NoticesNotice and request for comments
- NoticesFinal rule
- NoticesNotice and request for comments
- NoticesDEPARTMENT OF AGRICULTURE
- UnknownFinal rule
- NoticesDEPARTMENT OF AGRICULTURE
- NoticesNotice and request for comments
- NoticesNotice and request for comments
- NoticesNotice of proposed rulemaking
- NoticesNotice and request for comments
- NoticesNotice, request for comments
- Rules and RegulationsFinal rule
statute-compilations
bill
- Sec. 203Indexing of direct farm ownership loans
- Sec. 203Indexing of direct farm ownership loans
- Sec. 2Limitations applicable to qualified conservation loan guarantees
- Sec. 105Increase in limitation on amount of direct farm ownership loans; inflation indexation of limit
- Sec. 2Farm loan funding reform
- Sec. 104Increase in limitation on amount of direct farm ownership loans; inflation indexation of limit
- Sec. 201Adjustment of maximum limit on amount of direct farm ownership loans for regional farm real estate inflation; authority to make or guarantee farm ownership microloans
- Sec. 2Limitations applicable to qualified conservation loan guarantees
- Sec. 2Farm loan funding reform
- Sec. 2Increases in limitations and authorizations for guaranteed farm loans
- Sec. 5103Limitations on amount of farm ownership loans
- Sec. 5103Limitations on amount of farm ownership loans
- Sec. 5103Farm ownership loan limits
- Sec. 5103Farm ownership loan limits
- Sec. 5103Farm ownership loan limits
- Sec. 2Limitations applicable to qualified conservation loan guarantees
- Sec. 2National Environmental Policy Act of 1969
- Sec. 2National Environmental Policy Act of 1969
- Sec. 202BUILDER Act
- Sec. 202BUILDER Act
- Sec. 2National Environmental Policy Act of 1969
- Sec. 20202BUILDER Act
- Sec. 20202BUILDER Act
- Sec. 20202BUILDER Act
- Sec. 20202BUILDER Act
- Sec. 20202BUILDER Act
- Sec. 2Limitations on loan amounts
- Sec. 3Inflation percentage
- Sec. 6Refinancing of guaranteed loans into direct loans
- Sec. 2Modernizing the National Environmental Policy Act of 1969
- Sec. 2Limitations on loan amounts
Traces to 3 documents
32 references not yet in our index
- Pub. L. 87–128, title III, § 305
- 75 Stat. 308
- Pub. L. 91–620, § 1
- 84 Stat. 1862
- Pub. L. 92–419, title I, § 103
- 86 Stat. 658
- Pub. L. 91–524, title VIII, § 807
- Pub. L. 93–86, § 1(27)(B)
- 87 Stat. 237
- Pub. L. 95–334, title I, § 103
- 92 Stat. 421
- Pub. L. 102–554, § 3
- 106 Stat. 4142
- Pub. L. 105–277, div. A, § 101(a) [title VIII, § 806(a)]
- 112 Stat. 2681
- Pub. L. 110–234, title V, § 5003
- 122 Stat. 1144
- Pub. L. 110–246, § 4(a)
- 122 Stat. 1664
- 132 Stat. 4669
- Pub. L. 110–234
- Pub. L. 110–246
- section 4(a) of Pub. L. 110–246
- Pub. L. 110–246, § 5003
- Pub. L. 105–277
- Pub. L. 102–554
- Pub. L. 95–334
- Pub. L. 91–524, § 807
- Pub. L. 93–86
- Pub. L. 92–419
- Pub. L. 91–620
- section 4 of Pub. L. 110–246
Citation graph
cites case law
§ 1925
Limitations on amount of farm ownership loans
Bills×50
Fed. Reg.×17
Stat.×10
U.S.C.×3
Stat. Comp.×2
Pub. L.×1
Pub. L.Pub. L. 87–128, title III, § 305
Stat.75 Stat. 308
Pub. L.Pub. L. 91–620, § 1
Stat.84 Stat. 1862
Pub. L.Pub. L. 92–419, title I, § 103
Cites 35 · showing 8Cited by 83 across 6 sources