7-U.S.C.-7233

§7233 – Term of Loans

Pathway

Title 7 > Chapter 100 > Subchapter III > Section 7233

Details

• Reference: Section 7233
• Legend: §7233 – Term of Loans
• USCode Year: 2013

Provision Content

(a) Term of loan

In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 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) Special rule for cotton

A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.

(c) Extensions prohibited

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

(Pub. L. 104–127, title I, §133, Apr. 4, 1996, 110 Stat. 907.)

U.S. Encyclopedia of Law Coverage

Subchapter III – Nonrecourse Marketing Assistance Loans and Loan Deficiency Payments in the Legal Encyclopedia: Agriculture

In this entry about Subchapter III – Nonrecourse Marketing Assistance Loans and Loan Deficiency Payments, 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.

Title 7 – Agriculture in the Legal Encyclopedia: Loans

In this entry about Title 7 – Agriculture, 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.

Title 7 – Agriculture in the Legal Encyclopedia: Agricultural Market Transition

In this entry about Title 7 – Agriculture, find legal reference material, bibliographies and premiere content related to agricultural market transition in the American Encyclopedia of Law, presenting a comprehensive view of the United States agricultural market transition-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 7 (Agriculture) guided by subject interests.