§ 1934. Low-income farm ownership loan program; eligibility; repayment requirements
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/usc/title-7/section-1934A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Secretary is authorized to make and insure loans for any of the purposes referred to in section 1923(a) of this title, or paragraphs
(1)through
(5)of section 1924(a) of this title, to farmers and ranchers in the United States who
(1)are citizens of the United States,
(2)meet the requirements of paragraphs
(2)through
(4)of section 1922 of this title,
(3)are unable to obtain sufficient credit under section 1922 of this title to finance their actual needs,
(4)are owners or operators of small or family farms (including new owners or operators),
(5)are farmers or ranchers with a low income, and
(6)demonstrate a need to maximize their income from farming or ranching operations. The Secretary is also authorized to make such loans to any farm cooperative or private domestic corporation or partnership, or such other legal entities as the Secretary considers appropriate, that is controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States if all of its members, stockholders, partners, or owners, as applicable, are citizens of the United States and the entity and all such members, stockholders, partners, or owners meet the requirements of paragraphs
(2)through
(6)of the preceding sentence.
(b)Each loan made or insured under this section shall be repayable in such installments as the Secretary determines will provide for reduced payments during the initial repayment period of the loan and larger payments during the remainder of the repayment period of the loan.
(Pub. L. 87–128, title III, § 310D, as added Pub. L. 95–334, title I, § 113, Aug. 4, 1978, 92 Stat. 424; amended Pub. L. 101–624, title XVIII, § 1802(b), Nov. 28, 1990, 104 Stat. 3818; Pub. L. 102–552, title V, § 516(e)(1), Oct. 28, 1992, 106 Stat. 4137; Pub. L. 104–127, title VI, § 661(e), Apr. 4, 1996, 110 Stat. 1107; Pub. L. 113–79, title V, § 5001(c)(2), Feb. 7, 2014, 128 Stat. 833.)
Connections31 cite this · traces to 4
Cited by 31 sections · top 25
public-private-law
U.S. Code
statutes-at-large
- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 102–552To enhance the financial safety and soundness of the banks and associations of the Farm Credit System, 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 99–197To designate certain national forest system lands in the State of Kentucky for inclusion in the National Wilderness Preservation System, to release other forest lands for multiple use management, and for other purposes
- Public Law 101–624To extend and revise agricultural price support and related programs, to provide for agricultural export, resource conservation, farm credit, and agricultural research and related programs, to ensure consumers an abundance of food and fiber at reasonable prices, and for other purposes
- Public Law 104–127To modify the operation of certain agricultural programs
statute-compilations
bill
- Sec. 2Eligibility for farm loans
- Sec. 5001Eligibility for farm ownership loans
- Sec. 5001Eligibility for farm ownership loans
- Sec. 4001Eligibility for farm ownership loans
- Sec. 4001Eligibility for farm ownership loans
- Sec. 5001Eligibility for farm ownership loans
- Sec. 2Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans
- Sec. 5101Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans
- Sec. 2Modification of the 3-year experience requirement for purposes of eligibility for farm ownership loans
- Sec. 5507Technical corrections
- Sec. 5501Technical corrections
- Sec. 5508Technical corrections
- Sec. 5508Technical corrections
Traces to 4 documents
16 references not yet in our index
- Pub. L. 87–128, title III, § 310D
- Pub. L. 95–334, title I, § 113
- 92 Stat. 424
- Pub. L. 101–624, title XVIII, § 1802(b)
- 104 Stat. 3818
- Pub. L. 102–552, title V, § 516(e)(1)
- 106 Stat. 4137
- Pub. L. 104–127, title VI, § 661(e)
- 110 Stat. 1107
- 128 Stat. 833
- Pub. L. 104–127
- Pub. L. 102–552
- Pub. L. 101–624
- Pub. L. 102–552, title V, § 516(e)(2)
- Public Law 102–237
- 105 Stat. 1865
Citation graph
cites case law
§ 1934
Low-income farm ownership loan program; eligibility; repayment requirements
Bills×13
Stat.×8
U.S.C.×7
Stat. Comp.×2
Pub. L.×1
Pub. L.Pub. L. 87–128, title III, § 310D
Pub. L.Pub. L. 95–334, title I, § 113
Stat.92 Stat. 424
Pub. L.Pub. L. 101–624, title XVIII, § 1802(b)
Stat.104 Stat. 3818
Cites 20 · showing 9Cited by 31 across 5 sources