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§ 8733. Term of loans

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Release point 114-243 · current through 10/07/2016

§ 8733.

Term of loans

(a)

Term of loan

In the case of each loan commodity, a marketing assistance loan under section 8731 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. 110–234, title I, § 1203,
May 22, 2008
, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203,
June 18, 2008
, 122 Stat. 1664, 1684.)
Notes

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