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7 U.S.C. § 2008f — Crop insurance requirement

submitted 32 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 105 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section covers crop insurance requirement. (a) In general As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b), a borrower must obtain at least catastrophic risk protection insurance coverage under section 1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation.

(a) In general As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b), a borrower must obtain at least catastrophic risk protection insurance coverage under section 1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation. (b) Applicable benefits Subsection (a) shall apply to— (1) a farm ownership loan (FO) under section 1923 of this title ; (2) an operating loan (OL) under section 1942 of this title ; and (3) an emergency loan (EM) under section 1961 of this title .

the actual law source: uscode.house.gov ↗public domain
(a) In general

As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b), a borrower must obtain at least catastrophic risk protection insurance coverage under section 1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation.

(b) Applicable benefits

Subsection (a) shall apply to—

(1)

a farm ownership loan (FO) under section 1923 of this title;

(2)

an operating loan (OL) under section 1942 of this title; and

(3)

an emergency loan (EM) under section 1961 of this title.

Source credit: (Pub. L. 87–128, title III, § 371, as added Pub. L. 103–354, title I, § 119(b), Oct. 13, 1994, 108 Stat. 3208.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 87-128 · 108 Stat. 3208

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 1994-10-13.

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