12-U.S.C.-2020
§2020 – Related Services
Pathway
Title 12 > Chapter 23 > Subchapter I > Section 2020
Details
- Reference: Section 2020
- Legend: §2020 – Related Services
- USCode Year: 2013
Provision Content
(a) In general
The Farm Credit Banks may provide technical assistance to borrowers, members, and applicants from the bank and associations in the district, including persons obligated on paper discounted by the bank, and may make available to them at their option such financial related services appropriate to their on-farm and aquatic operations as determined to be feasible by the board of directors of the bank, under regulations of the Farm Credit Administration.
(b) Authority to pass along cost of insurance premiums
(1) In general
Each Farm Credit Bank may assess each production credit association, other association making direct loans under the authority provided under section 2279b of this title, and other financing institution described in section 2015(b)(1)(B) of this title in the district in which the bank is located to cover the costs of making premium payments under part E of subchapter V of this chapter.
(2) Computation
The assessment on any association or other financing institution described in paragraph (1) for any period shall be computed in an equitable manner, as determined by the Corporation.
(Pub. L. 92–181, title I, §1.12, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1628; amended Pub. L. 100–399, title IV, §401(k), Aug. 17, 1988, 102 Stat. 996; Pub. L. 101–220, §6(b)(1), (2), Dec. 12, 1989, 103 Stat. 1880; Pub. L. 104–105, title II, §215(a)(2)(C), Feb. 10, 1996, 110 Stat. 176; Pub. L. 107–171, title V, §5403(a)(2)(A), May 13, 2002, 116 Stat. 350; Pub. L. 110–234, title V, §5401(a), May 22, 2008, 122 Stat. 1154; Pub. L. 110–246, §4(a), title V, §5401(a), June 18, 2008, 122 Stat. 1664, 1915.)
Codification
Pub. L. 110–234 and Pub. L. 110–246 made identical amendments to this section. The amendments by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.
Prior Provisions
A prior section 2020, Pub. L. 92–181, title I, §1.12, Dec. 10, 1971, 85 Stat. 586; Pub. L. 96–592, title I, §109, Dec. 24, 1980, 94 Stat. 3439, related to loans through associations or agents, prior to the general amendment of this subchapter by Pub. L. 100–233, §401.
Amendments
2008—Subsec. (b). Pub. L. 110–246, §5401(a), designated first sentence as par. (1), inserted heading, added par. (2), and struck out former second sentence which related to computation of the assessment on the same basis as is used to compute the premium payment and provided formula to calculate a maximum amount.
2002—Subsec. (b)(1). Pub. L. 107–171, §5403(a)(2)(A)(i), inserted and Government Sponsored Enterprise-guaranteed loans (as defined in section 2277a–4(a)(4) of this title) provided for in paragraph (4) after government-guaranteed loans (as defined in section 2277a–4(a)(3) of this title) provided for in paragraph (3).
Subsec. (b)(4). Pub. L. 107–171, §5403(a)(2)(A)(ii)–(iv), added par. (4).
1996—Pub. L. 104–105, §215(a)(2)(C), which directed amendment of section 1.12(b), without specifying the name of the Act being amended, was executed to this section, which is section 112 of the Farm Credit Act of 1971, to reflect the probable intent of Congress.
Subsec. (b)(1). Pub. L. 104–105, §215(a)(2)(C)(i), inserted (as defined in section 2277a–4(a)(3) of this title) after government-guaranteed loans.
Subsec. (b)(3). Pub. L. 104–105, §215(a)(2)(C)(i), inserted (as so defined) after government-guaranteed loans in subpars. (A) and (B).
1989—Subsec. (b). Pub. L. 101–220, §6(b)(1), inserted , other association making direct loans under the authority provided under section 2279b of this title, after production credit association.
Subsec. (b)(1). Pub. L. 101–220, §6(b)(2)(A), inserted funded by or before discounted with and excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3), and struck out and after multiplied by 0.0015;.
Subsec. (b)(2). Pub. L. 101–220, §6(b)(2)(B), inserted funded by or before discounted with and substituted 0.0025; and for 0.0025..
Subsec. (b)(3). Pub. L. 101–220, §6(b)(2)(C), added par. (3).
1988—Subsec. (a). Pub. L. 100–399 designated existing provision as subsec. (a), inserted heading, substituted directors of the bank for directors of each district bank, and added subsec. (b).
Effective Date of 2008 Amendment
Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of Title 7, Agriculture.
Effective Date of 2002 Amendment
Pub. L. 107–171, title V, §5403(b), May 13, 2002, 116 Stat. 351, provided that: The amendments made by this section [amending this section and sections 2277a–4 and 2277a–5 of this title] shall apply with respect to determinations of premiums for calendar year 2002 and for any succeeding calendar year, and to certified statements with respect to such premiums.
Effective Date of 1989 Amendment
Pub. L. 101–220, §6(c), Dec. 12, 1989, 103 Stat. 1880, provided that: The amendments made by subsections (a) and (b) [amending sections 2020, 2277a–4, 2277a–8, and 2277a–10 of this title] shall be effective for insurance premiums due to the Farm Credit System Insurance Corporation under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) on or after January 1, 1990, based on the loan volume of each bank for each calendar year beginning with calendar year 1989, and shall be effective for the calculation of the initial premium payment required under section 5.56(c) of the Farm Credit Act of 1971 (12 U.S.C. 2277a–5(c)).
Effective Date of 1988 Amendment
Amendment by Pub. L. 100–399 effective immediately after amendment made by section 401 of Pub. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(b) of Pub. L. 100–399, set out as a note under section 2002 of this title.
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