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§ 7933. Term of loans

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Release point 116-147 · current through 07/04/2020

§ 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.

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

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