Term of loans

  1. Law
  2. USC 7
  3. Agriculture
  4. COMMODITY PROGRAMS
  5. MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS
  6. Term of loans

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§7933. Term of loans

(a) Term of loan

In the case of each loan commodity, a marketing assistance loan under section 7931 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) Extensions prohibited

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

( Pub. L. 107–171, title I, §1203, May 13, 2002, 116 Stat. 156 .)


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