7 U.S.C. § 1993 — Transition to private commercial or other sources of credit
submitted 18 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 135 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
In making or insuring a farm loan under subchapter I or II, the Secretary shall establish a plan and promulgate regulations (including performance criteria) that promote the goal of transitioning borrowers to private commercial credit and other sources of credit in the shortest period of time practicable.
In carrying out this section, the Secretary shall integrate and coordinate the transition policy described in subsection (a) with—
the borrower training program established by section 2006a of this title;
the loan assessment process established by section 2006b of this title;
the supervised credit requirement established by section 2006c of this title;
the market placement program established by section 2006d of this title; and
other appropriate programs and authorities, as determined by the Secretary.
Source credit: (Pub. L. 87–128, title III, § 345, as added Pub. L. 110–234, title V, § 5304, May 22, 2008, 122 Stat. 1153, and Pub. L. 110–246, § 4(a), title V, § 5304, June 18, 2008, 122 Stat. 1664, 1914.)
- 2008Enacted · Pub. L. 87-128 · 122 Stat. 1153
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 2008-05-22.
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