§ 936. Guaranteed loans; accommodations and subordination of liens; interest rates; assignability of guaranteed loans and related guarantees
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The Secretary may provide financial assistance to borrowers for purposes provided in this chapter by guaranteeing loans, in the full amount thereof, made by the National Rural Utilities Cooperative Finance Corporation and any other legally organized lending agency, or by accommodating or subordinating liens or mortgages in the fund held by the Secretary as owner or as trustee or custodian for purchases of notes from the fund, or by any combination of such guarantee, accommodation, or subordination.
The Secretary shall not provide such assistance to any borrower of a telephone loan under this chapter unless the borrower specifically applies for such assistance. No fees or charges shall be assessed for any such accommodation or subordination. Guaranteed loans shall bear interest at the rate agreed upon by the borrower and the lender. Guaranteed loans, and accommodation and subordination of liens or mortgages, may be made concurrently with an insured loan. The amount of guaranteed loans shall be subject only to such limitations as to amounts as may be authorized from time to time by the Congress of the United States:
Provided, That any amounts guaranteed hereunder shall not be included in the totals of the budget of the United States Government and shall be exempt from any general limitation imposed by statute on expenditures and net lending (budget outlays) of the United States. As used in this subchapter a guaranteed loan is one which is initially made, held, and serviced by a legally organized lending agency and which is guaranteed by the Secretary hereunder. A guaranteed loan, including the related guarantee, may be assigned to the extent provided in the contract of guarantee executed by the Secretary under this subchapter; the assignability of such loan and guarantee shall be governed exclusively by said contract of guarantee.
(May 20, 1936, ch. 432, title III, § 306, as added Pub. L. 93–32, § 2, May 11, 1973, 87 Stat. 69; amended Pub. L. 94–124, § 1, Nov. 4, 1975, 89 Stat. 677; Pub. L. 97–35, title I, § 165(b), Aug. 13, 1981, 95 Stat. 379; Pub. L. 101–624, title XXIII, § 2362, Nov. 28, 1990, 104 Stat. 4042; Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 110–234, title VI, § 6102(b), May 22, 2008, 122 Stat. 1195; Pub. L. 110–246, § 4(a), title VI, § 6102(b), June 18, 2008, 122 Stat. 1664, 1956; Pub. L. 115–334, title VI, § 6602(b)(10), Dec. 20, 2018, 132 Stat. 4777.)
Connections45 cite this · traces to 3
Cited by 45 sections · top 32
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- Public Law 93–563Making appropriations for Agriculture-Environmental and Consumer Protection programs for the fiscal year ending June 30, 1975, and for other purposes
- Public Law 99–349Making urgent supplemental appropriations for the fiscal year ending September 30, 1986, and for other purposes
- Public Law 94–124To amend sections 6, 306, and 308 of the Hural Electrification Act of 1936, as amended
- Public Law 99–508To amend title 18, United States Code, with respect to the interception of certain communications, other forms of surveillance, and for other purposes
- Public Law 94–351Making appropriations for Agriculture and Related Agencies programs for the fiscal year ending September 30, 1977, and for other purposes
- Public Law 95–448Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1979, and for other purposes
- Public Law 97–370Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1983, and for other purposes
- Public Law 97–103Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1982, and for other purposes
- 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 96–528Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1981, and for other purposes
- 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 96–108Making appropriations for Agriculture, Rural Development, and Related Agencies programs for the fiscal year ending September 30, 1980, and for other purposes
- Public Law 100–201To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas
- 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 100–71Making supplemental appropriations for the fiscal year ending September 30, 1987, and for other purposes
- Public Law 94–122Making appropriations for Agriculture and Related Agencies programs for the fiscal year ending June 30, 1976, and the period ending September 30, 1970, and for other purposes
- Public Law 95–97Making appropriations for Agriculture and Related Agencies programs for the fiscal year ending September 30, 1978, and for other purposes
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- May 20, 1936, ch. 432
- Pub. L. 93–32, § 2
- 87 Stat. 69
- Pub. L. 94–124, § 1
- 89 Stat. 677
- Pub. L. 97–35, title I, § 165(b)
- 95 Stat. 379
- Pub. L. 101–624, title XXIII, § 2362
- 104 Stat. 4042
- Pub. L. 103–354, title II, § 235(a)(13)
- 108 Stat. 3221
- Pub. L. 110–234, title VI, § 6102(b)
- 122 Stat. 1195
- Pub. L. 110–246, § 4(a)
- 122 Stat. 1664
- 132 Stat. 4777
- Pub. L. 110–234
- Pub. L. 110–246
- section 4(a) of Pub. L. 110–246
- Pub. L. 110–246, § 6102(b)
- Pub. L. 103–354
- Pub. L. 101–624
- Pub. L. 97–35
- Pub. L. 94–124
- section 4 of Pub. L. 110–246
- section 12 of Pub. L. 93–32
- Pub. L. 99–349, title I
- 100 Stat. 713
- Pub. L. 99–509, title I, § 1011(b)
- 100 Stat. 1876
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§ 936
Guaranteed loans; accommodations and subordination of liens; interest rates; assignability of guaranteed loans and related guarantees
Stat.×23
U.S.C.×13
Bills×5
Stat. Comp.×2
Pub. L.×1
Fed. Reg.×1
ActMay 20, 1936, ch. 432
Pub. L.Pub. L. 93–32, § 2
Stat.87 Stat. 69
Pub. L.Pub. L. 94–124, § 1
Stat.89 Stat. 677
Cites 33 · showing 8Cited by 45 across 6 sources