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12 U.S.C. § 2202e — Waiver of mediation rights by borrowers

submitted 38 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 35 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Waiver of mediation rights by borrowers. It states the duties, permissions, limits, and procedures described below.

A System institution may not make a loan secured by a mortgage or lien on agricultural property conditional on the borrower giving up any right under a State mediation program.

the actual law source: uscode.house.gov ↗public domain

No System institution may make a loan secured by a mortgage or lien on agricultural property to a borrower on the condition that the borrower waive any right under the mediation program of any State.

Source credit: (Pub. L. 92–181, title IV, § 4.14E, as added Pub. L. 100–233, title V, § 511, Jan. 6, 1988, 101 Stat. 1664; amended Pub. L. 103–354, title II, § 282(f)(2), Oct. 13, 1994, 108 Stat. 3235.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 92-181 · 101 Stat. 1664
  • 1994Amended · Pub. L. 103-354 · 108 Stat. 3235

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1988-01-06.

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