{"identifier":"/us/usc/t7/s950b","title_num":"7","num":"§ 950b.","heading":"Borrower net worth","status":null,"guid":"idfd8b9148-4154-11e7-afbe-9bf2dd35758d","source_credit":"(May 20, 1936, ch. 432, title IV, § 412, as added Pub. L. 92–12, § 2, May 7, 1971, 85 Stat. 37; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)","seq_in_title":728,"parent_identifier":"/us/usc/t7/ch31/schIV","ancestors":[{"identifier":"/us/usc/t7","level":"title","num":"Title 7—","heading":"AGRICULTURE","status":null,"is_section":false},{"identifier":"/us/usc/t7/ch31","level":"chapter","num":"CHAPTER 31—","heading":"RURAL ELECTRIFICATION AND TELEPHONE SERVICE","status":null,"is_section":false},{"identifier":"/us/usc/t7/ch31/schIV","level":"subchapter","num":"SUBCHAPTER IV—","heading":"RURAL TELEPHONE BANK","status":null,"is_section":false}],"xml":"<section xmlns=\"http://xml.house.gov/schemas/uslm/1.0\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\" xmlns:dc=\"http://purl.org/dc/elements/1.1/\" xmlns:dcterms=\"http://purl.org/dc/terms/\" style=\"-uslm-lc:I80\" id=\"id69f893ed-ec38-11e5-ab42-dae4a1e80e35\" identifier=\"/us/usc/t7/s950b\"><num value=\"950b\">§ 950b.</num><heading> Borrower net worth</heading><content>\n<p style=\"-uslm-lc:I11\" class=\"indent0\">Except as provided in subsection (b)(2) of <ref href=\"/us/usc/t7/s948\">section 948 of this title</ref>, notwithstanding any other provision of law, a loan shall not be made under <ref href=\"/us/usc/t7/s922\">section 922 of this title</ref> to any borrower which during the immediately preceding year had a net worth in excess of 20 per centum of its assets unless the Secretary finds that the borrower cannot obtain such a loan from the telephone bank or from other reliable sources at reasonable rates of interest and terms and conditions.</p>\n</content><sourceCredit id=\"id69f893ee-ec38-11e5-ab42-dae4a1e80e35\">(<ref href=\"/us/act/1936-05-20/ch432\">May 20, 1936, ch. 432</ref>, title IV, § 412, as added <ref href=\"/us/pl/92/12\">Pub. L. 92–12</ref>, § 2, <date date=\"1971-05-07\">May 7, 1971</date>, <ref href=\"/us/stat/85/37\">85 Stat. 37</ref>; amended <ref href=\"/us/pl/103/354/tII\">Pub. L. 103–354, title II</ref>, § 235(a)(13), <date date=\"1994-10-13\">Oct. 13, 1994</date>, <ref href=\"/us/stat/108/3221\">108 Stat. 3221</ref>.)</sourceCredit>\n<notes type=\"uscNote\" id=\"id69f893ef-ec38-11e5-ab42-dae4a1e80e35\">\n<note style=\"-uslm-lc:I74\" topic=\"amendments\" id=\"id69f893f0-ec38-11e5-ab42-dae4a1e80e35\"><heading class=\"centered smallCaps\">Amendments</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">1994—<ref href=\"/us/pl/103/354\">Pub. L. 103–354</ref> substituted “Secretary” for “Administrator”.</p>\n</note>\n<note style=\"-uslm-lc:I74\" topic=\"effectiveDate\" id=\"id69f893f1-ec38-11e5-ab42-dae4a1e80e35\"><heading class=\"centered smallCaps\">Effective Date</heading><p style=\"-uslm-lc:I21\" class=\"indent0\">Section effective <date date=\"1971-05-07\">May 7, 1971</date>, see <ref href=\"/us/pl/92/12/s7\">section 7 of Pub. L. 92–12</ref>, set out as a note under <ref href=\"/us/usc/t7/s921a\">section 921a of this title</ref>.</p>\n</note>\n</notes>\n</section>","provision":null,"duplicates":[],"release":{"label":"115-35","currency_date":"2017-05-17","congress":115,"law_num":35,"excluded_laws":[],"update_num":null,"seq":99,"is_partial":false,"caveat":null,"titles_affected":["01","02","05","05a","06","07","08","10","12","15","16","19","20","21","22","23","26","28","30","31","33","36","38","40","41","42","43","48","49","50","51","54"],"ingested_titles":[]},"served_from":{"label":"115-35","currency_date":"2017-05-17","congress":115,"law_num":35,"excluded_laws":[],"update_num":null,"seq":99,"is_partial":false,"caveat":null,"titles_affected":["01","02","05","05a","06","07","08","10","12","15","16","19","20","21","22","23","26","28","30","31","33","36","38","40","41","42","43","48","49","50","51","54"],"ingested_titles":[]},"content_first_seen":{"label":"114-115","currency_date":"2015-12-28","congress":114,"law_num":115,"excluded_laws":[],"update_num":null,"seq":62,"is_partial":false,"caveat":null,"titles_affected":["02","07","08","10","15","20","21","23","25","26","29","31","40","42","47","49","50"],"ingested_titles":[]},"is_exact":true,"note":null}