7-U.S.C.-1993
§1993 – Transition to Private Commercial Or Other Sources of Credit
Pathway
Title 7 > Chapter 50 > Subchapter IV > Section 1993
Details
- Reference: Section 1993
- Legend: §1993 – Transition to Private Commercial Or Other Sources of Credit
- USCode Year: 2013
Provision Content
(a) In general
In making or insuring a farm loan under subchapter I or II, the Secretary shall establish a plan and promulgate regulations (including performance criteria) that promote the goal of transitioning borrowers to private commercial credit and other sources of credit in the shortest period of time practicable.
(b) Coordination
In carrying out this section, the Secretary shall integrate and coordinate the transition policy described in subsection (a) with—
(1) the borrower training program established by section 2006a of this title;
(2) the loan assessment process established by section 2006b of this title;
(3) the supervised credit requirement established by section 2006c of this title;
(4) the market placement program established by section 2006d of this title; and
(5) other appropriate programs and authorities, as determined by the Secretary.
(Pub. L. 87–128, title III, §345, as added Pub. L. 110–234, title V, §5304, May 22, 2008, 110 Stat. 1153, and Pub. L. 110–246, §4(a), title V, §5304, June 18, 2008, 122 Stat. 1664, 1914.)
Codification
Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
Prior Provisions
A prior section 1993, Pub. L. 87–128, title III, §345, as added Pub. L. 94–68, §9, Aug. 5, 1975, 89 Stat. 382; amended Pub. L. 103–437, §4(a)(7), Nov. 2, 1994, 108 Stat. 4582, related to testimony by Secretary of Agriculture before congressional committees, prior to repeal by Pub. L. 104–127, title VII, §750, Apr. 4, 1996, 110 Stat. 1129.
Effective Date
Enactment 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 a note under section 8701 of this title.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-1981A in the Legal Encyclopedia: Agriculture
In this entry about 7-U.S.C.-1981A, find legal reference material, bibliographies and premiere content related to agriculture in the American Encyclopedia of Law, presenting a comprehensive view of the United States agriculture-specific issues, written by authorities in the field.
7-U.S.C.-1991 in the Legal Encyclopedia: Loans
In this entry about 7-U.S.C.-1991, find legal reference material, bibliographies and premiere content related to loans in the American Encyclopedia of Law, presenting a comprehensive view of the United States loans-specific issues, written by authorities in the field.
7-U.S.C.-1989 in the Legal Encyclopedia: Agricultural Credit
In this entry about 7-U.S.C.-1989, find legal reference material, bibliographies and premiere content related to agricultural credit in the American Encyclopedia of Law, presenting a comprehensive view of the United States agricultural credit-specific issues, written by authorities in the field.
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