§ 1925. Limitations on amount of farm ownership loans

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. 1961

   Agricultural Act of 1961

   Pub. L. 87–128 title III § 305 · 75 Stat. 294

   Enacted · 7 U.S.C. § 1925

   Pub. L. 87–128, title III, § 305, Aug. 8, 1961, 75 Stat. 308

   Source evidence

   Code source credit
   Pub. L. 87–128, title III, § 305, Aug. 8, 1961, 75 Stat. 308

   Enacted provision · exact public law section
   Sec. 305. The Secretary shall make or insure no loan under sections 302, 303, and 304 which would cause (a) the unpaid indebtedness against the farm or other security at the time the loan is made to exceed $60,000 or the normal value of the farm or other security, or (b) the loan to exceed the amount certified by the county committee. In determining the normal value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary. Such appraisals shall take into consideration both the normal agricultural value and the normal market value of the farm.

2. 1970

   Pub. L. 91–620 § 1 · 84 Stat. 1862

   Substituted · 7 U.S.C. § 1925

   Pub. L. 91–620 substituted “$100,000” for “$60,000”

   Source evidence

   Code amendment note
   Pub. L. 91–620 substituted “$100,000” for “$60,000”.

3. 1972

   Rural Development Act of 1972

   Pub. L. 92–419 title I § 103 · 86 Stat. 657

   Struck · 7 U.S.C. § 1925

   Pub. L. 92–419 struck out “normal” before “value” in first and second sentences and before “market value” in last sentence

   Source evidence

   Code amendment note
   Pub. L. 92–419 struck out “normal” before “value” in first and second sentences and before “market value” in last sentence.

   Enacted provision · exact public law section
   Sec. 103. Appraisals.— Section 305 of the Consolidated Farmers 7 USC 1925. Home Administration Act of 1961 is amended by striking out “normal” in the first and second sentences and striking out the hist sentence.

4. 1973

   Agricultural Act of 1970

   Pub. L. 91–524 § 807 · 84 Stat. 1358

   1. Added · 7 U.S.C. § 1925

      Pub. L. 91–524, § 807, as added by Pub. L. 93–86

   2. Substituted · 7 U.S.C. § 1925

      Pub. L. 91–524, § 807, as substituted “$225,000” for “$100,000” in cl. (a)

   3. Added · 7 U.S.C. § 1925

      Pub. L. 91–524, § 807, as added cl. (b)

   4. Redesignated · 7 U.S.C. § 1925

      Pub. L. 91–524, § 807, as redesignated former cl. (b) as (c)

   Source evidence

   Code amendment note
   Pub. L. 91–524, § 807, as added by Pub. L. 93–86, substituted “$225,000” for “$100,000” in cl. (a), added cl. (b), and redesignated former cl. (b) as (c).

5. 1978

   Agricultural Credit Act of 1978

   Pub. L. 95–334 title I § 103 · 92 Stat. 420

   Substituted · 7 U.S.C. § 1925

   Pub. L. 95–334 substituted provisions setting forth requirements for loans under sections 1922, 1923, 1924, and 1934 of this title for provisions setting forth requirements for loans under sections 1922, 1923, and 1924 of this title

   Source evidence

   Code amendment note
   Pub. L. 95–334 substituted provisions setting forth requirements for loans under sections 1922, 1923, 1924, and 1934 of this title for provisions setting forth requirements for loans under sections 1922, 1923, and 1924 of this title.

   Enacted provision · exact public law section
   Sec. 103. limitations on loans under sections 302, 303, 304, and 310d of the act Section 305 of the Consolidated Farm and Rural Development Act is amended by striking out the first sentence and inserting 7 USC 1925. in lieu thereof the following: “The Secretary shall make or insure no loan under sections 302, 303, 304, and 310D of this title that would 7 USC 1922, 1923, 1924. Post, p. 424. cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of (1) the value of the farm or other security, or (2) in the case of a loan other than a loan guaranteed by the Secretary, $200,000, or, in the case of a loan guaranteed by the Secretary, $300,000.”.

6. 1992

   Agricultural Credit Improvement Act of 1992

   Pub. L. 102–554 § 3 · 106 Stat. 4142

   Inserted · 7 U.S.C. § 1925

   Pub. L. 102–554 inserted reference to section 1935 of this title

   Source evidence

   Code amendment note
   Pub. L. 102–554 inserted reference to section 1935 of this title.

   Enacted provision · exact public law section
   SEC. 3. LIMITATION ON AGGREGATE INDEBTEDNESS. Section 305 (7 U.S.C. 1925) is amended by striking “and 310D of this title” and inserting “310D, and 310E”.

7. 1998

   Pub. L. 105–277 div. A § 101(a)(tVIII)(s806)(a) · 112 Stat. 2681

   1. Inserted · 7 U.S.C. § 1925

      Pub. L. 105–277 inserted section catchline

   2. Amended · 7 U.S.C. § 1925

      Pub. L. 105–277 designated first sentence as subsec. (a)

   3. Inserted · 7 U.S.C. § 1925

      Pub. L. 105–277 inserted heading

   4. Substituted · 7 U.S.C. § 1925

      Pub. L. 105–277 substituted “$700,000 (increased, beginning with fiscal year 2000, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary)” for “$300,000”

   5. Amended · 7 U.S.C. § 1925

      Pub. L. 105–277 designated second sentence as subsec. (b)

   6. Added · 7 U.S.C. § 1925

      Pub. L. 105–277 added subsec. (c)

   Source evidence

   Code amendment note
   Pub. L. 105–277 inserted section catchline, designated first sentence as subsec. (a), inserted heading, and substituted “$700,000 (increased, beginning with fiscal year 2000, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary)” for “$300,000”, designated second sentence as subsec. (b) and inserted heading, and added subsec. (c).

   Enacted provision · exact public law section
   Sec. 101. For programs, projects or activities in the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, provided as follows, to be effective as if it had been enacted into law as the regular appropriations Act: AN ACT Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 1999, and for other purposes. Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999.

8. 2008

   Food, Conservation, and Energy Act of 2008

   Pub. L. 110–246 § 5003 · 122 Stat. 1651

   Substituted · 7 U.S.C. § 1925(a)(2)

   Pub. L. 110–246, § 5003, substituted “$300,000” for “$200,000”

   Source evidence

   Code amendment note
   Subsec. (a)(2). Pub. L. 110–246, § 5003, substituted “$300,000” for “$200,000”.

   Enacted provision · exact public law section
   SEC. 5003. LIMITATIONS ON AMOUNT OF FARM OWNERSHIP LOANS.   Section 305(a)(2) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1925(a)(2)) is amended by striking “$200,000” and inserting “$300,000”.

   Effective date note
   Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.

9. 2018

   Agriculture Improvement Act of 2018

   Pub. L. 115–334 § 5103(1) · 132 Stat. 4490

   1. Substituted · 7 U.S.C. § 1925(a)(2)

      Pub. L. 115–334, § 5103(1), substituted “$600,000” for “$300,000”

   2. Substituted · 7 U.S.C. § 1925(a)(2)

      Pub. L. 115–334, § 5103(1), substituted “$1,750,000” for “$700,000”

   3. Substituted · 7 U.S.C. § 1925(a)(2)

      Pub. L. 115–334, § 5103(1), substituted “2019” for “2000”

   Source evidence

   Code amendment note
   Subsec. (a)(2). Pub. L. 115–334, § 5103(1), substituted “$600,000” for “$300,000”, “$1,750,000” for “$700,000”, and “2019” for “2000”.

   Enacted provision · exact public law section
   (1) in subsection (a)(2)— (A) by striking “$300,000” and inserting “$600,000”; (B) by striking “$700,000” and inserting “$1,750,000”; and (C) by striking “2000” and inserting “2019”; and

10. 2018

    Agriculture Improvement Act of 2018

    Pub. L. 115–334 § 5103(2)(A) · 132 Stat. 4490

    Substituted · 7 U.S.C. § 1925(c)(1)

    Pub. L. 115–334, § 5103(2)(A), substituted “July” for “August”

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 115–334, § 5103(2)(A), substituted “July” for “August”.

    Enacted provision · exact public law section
    (A) in paragraph (1), by striking “August” and inserting “July”; and

11. 2018

    Agriculture Improvement Act of 2018

    Pub. L. 115–334 § 5103(2)(B) · 132 Stat. 4490

    Substituted · 7 U.S.C. § 1925(c)(2)

    Pub. L. 115–334, § 5103(2)(B), substituted “that immediately precedes the 12-month period described in paragraph (1)” for “ending on August 31, 1996”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 115–334, § 5103(2)(B), substituted “that immediately precedes the 12-month period described in paragraph (1)” for “ending on August 31, 1996”.

    Enacted provision · exact public law section
    (B) in paragraph (2), by striking “ending on August 31, 1996” and inserting “that immediately precedes the 12-month period described in paragraph (1)”.

16 of 21 references resolved to an enrolled provision · 5 partial