Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

  1. Law
  2. USC 7
  3. Agriculture
  4. AGRICULTURAL CREDIT
  5. ADMINISTRATIVE PROVISIONS
  6. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

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§2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers

In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.

(Pub. L. 87–128, title III, §367, as added Pub. L. 115–334, title V, §5306, Dec. 20, 2018, 132 Stat. 4673 .)

Prior Provisions

A prior section 2008b, Pub. L. 87–128, title III, §367, as added Pub. L. 101–624, title XXIII, §2317, Nov. 28, 1990, 104 Stat. 4008 ; amended Pub. L. 102–237, title VII, §701(g), Dec. 13, 1991, 105 Stat. 1879 , related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, §755, Apr. 4, 1996, 110 Stat. 1131 .


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