§ 912a. Rescheduling and refinancing of loans

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In addition to the loan extension authority provided in section 912 of this title, the Secretary of Agriculture is authorized to adjust and readjust the schedules for payment of principal and interest on loans to borrowers under programs administered by the Secretary under the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.), and to extend the maturity date of any such loan to a date not beyond forty years from the date of such loan where he determines such action is necessary because of the impairment of the economic feasibility of the system, or the loss, destruction, or damage of the property of such borrowers as a result of a major disaster.

(Pub. L. 91–606, title II, § 236(a), Dec. 31, 1970, 84 Stat. 1754; Pub. L. 103–354, title II, § 235(b)(1), Oct. 13, 1994, 108 Stat. 3221.)

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Pub. L. 91–606, title II, § 236(a)
84 Stat. 1754
Pub. L. 103–354, title II, § 235(b)(1)
108 Stat. 3221
act May 20, 1936, ch. 432
49 Stat. 1363
section 4455(a) of Title 42
Pub. L. 103–354
section 304 of Pub. L. 91–606

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§ 912a

Rescheduling and refinancing of loans

U.S.C.§ 912

U.S.C.§ 901

U.S.C.§ 165

Pub. L.Pub. L. 91–606, title II, § 236(a)

Stat.84 Stat. 1754

Pub. L.Pub. L. 103–354, title II, § 235(b)(1)

Stat.108 Stat. 3221

Actact May 20, 1936, ch. 432

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