§ 641b. Filing of application for quitclaim deeds

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1954

   Pub. L. 83–727 § 2 · 68 Stat. 999

   Enacted · 43 U.S.C. § 641b

   (Aug. 13, 1954, ch. 727, § 2, 68 Stat. 703.)

   Source evidence

   Code source credit
   (Aug. 13, 1954, ch. 727, § 2, 68 Stat. 703.)

   Enacted provision · exact public law section
   Sec. 2. Loans under this Act shall (1) be made only to individuals or partnerships who are actively engaged in the operation of farms or ranches; (2) not exceed $15,000 in the case of any one loan; (3) not be made to any one borrower so as to increase the total indebtedness of such borrower under this Act to an amount in excess of $20,000 (including principal and accrued interest); (4) be made at such rates of interest and on such terms and conditions as the Secretary shall prescribe for such area or areas; and (5) be secured by the personal obligation and available security of the producer or producers.

1 of 1 references resolved to an enrolled provision