12-U.S.C.-2021

§2021 – Loans Through Associations Or Agents

Pathway

Title 12 > Chapter 23 > Subchapter I > Section 2021

Details

• Reference: Section 2021
• Legend: §2021 – Loans Through Associations Or Agents
• USCode Year: 2013

Provision Content

(a) In general

The Farm Credit Banks shall, except as otherwise herein provided, make loans of the type authorized under section 2015(a) of this title through a Federal land bank association chartered to serve the territory in which the real estate of the borrower is located.

(b) No active association

If there is no active association chartered to serve territory where the real estate is located, the bank may make the loan directly or through such bank or trust company or savings or other financial institution as such bank may designate.

(c) Purchase of stock required

When the loan is not made through a Federal land bank association, the applicant shall purchase stock in the bank in accordance with the capitalization requirements provided for in the bylaws of the bank.

(Pub. L. 92–181, title I, §1.13, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1628.)

Prior Provisions

A prior section 1.13 of Pub. L. 92–181 was classified to section 2031 of this title prior to the general amendment of this subchapter by Pub. L. 100–233, §401.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-2014 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-2014, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-2021 in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-2021, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.

12-U.S.C.-2018 in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-2018, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.

Topic Map

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