§ 1981b. Farm loan interest rates
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/usc/title-7/section-1981bA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any loan for farm ownership purposes under subchapter I of this chapter, farm operating purposes under subchapter II of this chapter, or disaster emergency purposes under subchapter III of this chapter, other than a guaranteed loan, that is deferred, consolidated, rescheduled, or reamortized under this chapter shall, notwithstanding any other provision of this chapter, bear interest on the balance of the original loan and for the term of the original loan at a rate that is the lowest of—
(1)the rate of interest on the original loan;
(2)the rate being charged by the Secretary for loans, other than guaranteed loans, of the same type at the time at which the borrower applies for a deferral, consolidation, rescheduling, or reamortization; or
(3)the rate being charged by the Secretary for loans, other than guaranteed loans, of the same type at the time of the deferral, consolidation, rescheduling, or reamortization.
(Pub. L. 87–128, title III, § 331B, as added Pub. L. 98–258, title VI, § 605, Apr. 10, 1984, 98 Stat. 139; amended Pub. L. 107–171, title V, § 5305, May 13, 2002, 116 Stat. 345.)
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- Public Law 107–171To provide for the continuation of agricultural programs through fiscal year 2007, and for other purposes
- Public Law 100–71Making supplemental appropriations for the fiscal year ending September 30, 1987, and for other purposes
- Public Law 98–258To make adjustments in the commodity programs for wheat, feed grains, upland cotton, and rice, to provide agricultural credit assistance, and for other purposes
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U.S. Code
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- Pub. L. 87–128, title III, § 331B
- Pub. L. 98–258, title VI, § 605
- 98 Stat. 139
- Pub. L. 107–171, title V, § 5305
- 116 Stat. 345
- Pub. L. 87–128
- 75 Stat. 307
- Pub. L. 107–171
- Pub. L. 100–71, title I
- 101 Stat. 428
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§ 1981b
Farm loan interest rates
U.S.C.×4
Stat.×3
Stat. Comp.×1
Pub. L.Pub. L. 87–128, title III, § 331B
Pub. L.Pub. L. 98–258, title VI, § 605
Stat.98 Stat. 139
Pub. L.Pub. L. 107–171, title V, § 5305
Stat.116 Stat. 345
Cites 11 · showing 6Cited by 8 across 3 sources