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7 U.S.C. § 9033 — Term of loans

submitted 12 years ago by Pub. L. 113-79 to r/title-7-AGRICULTURE · 65 words · no verdicts yet

in plain englishAI-generated · not legal advice

A marketing assistance loan for each loan commodity lasts nine months. The Secretary may not extend that period.

(a) Term of loan In the case of each loan commodity, a marketing assistance loan under section 9031 of this title must have a term of 9 months beginning on the first day of the first month after the month in which the loan is made. (b) Extensions prohibited The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

the actual law source: uscode.house.gov ↗public domain
(a) Term of loan

In the case of each loan commodity, a marketing assistance loan under section 9031 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.

(b) Extensions prohibited

The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

Source credit: (Pub. L. 113–79, title I, § 1203, Feb. 7, 2014, 128 Stat. 676.)

history & why it existsrecord from the source credit
  • 2014Enacted · Pub. L. 113-79 · 128 Stat. 676

A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-79 on 2014-02-07.

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