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7 U.S.C. § 928Prompt processing of telephone loans

submitted 90 years ago by Pub. L. 101-624 to r/title-7-AGRICULTURE · 119 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about prompt processing of telephone loans. It states the duties, permissions, limits, definitions, or penalties provided in the section.

Within ten days after the end of the second and fourth calendar quarters of each year, the Secretary must submit to the Committee on Agriculture and the Committee on Appropriations of the House of Representatives, and to the Committee on Agriculture, Nutrition, and Forestry and the Committee on Appropriations of the Senate, a report (1) identifying each completed application for a telephone loan under section 935 of this title or a guarantee of a telephone loan under section 936 of this title that has not been finally acted upon within ninety days after the date the completed application is submitted; and (2) stating the reasons for the failure to finally act upon the completed applications within such ninety-day period.
the actual law source: uscode.house.gov ↗public domain

Within ten days after the end of the second and fourth calendar quarters of each year, the Secretary shall submit to the Committee on Agriculture and the Committee on Appropriations of the House of Representatives, and to the Committee on Agriculture, Nutrition, and Forestry and the Committee on Appropriations of the Senate, a report—

(1)

identifying each completed application for a telephone loan under section 935 of this title or a guarantee of a telephone loan under section 936 of this title that has not been finally acted upon within ninety days after the date the completed application is submitted; and

(2)

stating the reasons for the failure to finally act upon the completed applications within such ninety-day period.

Source credit: (May 20, 1936, ch. 432, title II, § 207, as added Pub. L. 101–624, title XXIII, § 2358, Nov. 28, 1990, 104 Stat. 4041; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(6), Dec. 20, 2018, 132 Stat. 4776.)

history & why it existsrecord from the source credit
  • 1936Enacted · Pub. L. 101-624 · 104 Stat. 4041
  • 1994Amended · Pub. L. 103-354 · 108 Stat. 3221
  • 2018Amended · Pub. L. 115-334 · 132 Stat. 4776

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-624 on 1936-05-20.

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