§ 2008h. Loan and loan servicing limitations

Footnotes

1. 1 So in original. Probably should be “chapter”.

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. 1996

   Agricultural Act of 1961

   Pub. L. 87–128 title III § 373 · 75 Stat. 294

   Enacted · 7 U.S.C. § 2008h

   Pub. L. 87–128, title III, § 373, as added Pub. L. 104–127, title VI, § 648(b), Apr. 4, 1996, 110 Stat. 1104

   Source evidence

   Code source credit
   Pub. L. 87–128, title III, § 373, as added Pub. L. 104–127, title VI, § 648(b), Apr. 4, 1996, 110 Stat. 1104

2. 1998

   Pub. L. 105–277 div. A § 101(a)(tVIII)(s801) · 112 Stat. 2681

   1. Added · 7 U.S.C. § 2008h(b)

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

   2. Struck · 7 U.S.C. § 2008h(b)

      Pub. L. 105–277 struck out heading and text of former subsec. (b). Text read as follows:

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 105–277 added subsec. (b) and struck out heading and text of former subsec. (b). Text read as follows:

   “(1) In general.—Except as provided in paragraph (2), the Secretary may not make or guarantee a loan under this chapter to a borrower who received debt forgiveness on a loan made or guaranteed under this chapter. “(2) Exception.—The Secretary may make a direct or guaranteed farm operating loan for paying annual farm or ranch operating expenses of a borrower who was restructured with a write-down under section 2001 of this title.”

   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.

3. 2002

   Pub. L. 107–171 title V § 5319 · 116 Stat. 134

   Added · 7 U.S.C. § 2008h(b)(2)(A)(iii)

   Pub. L. 107–171 added cl. (iii)

   Source evidence

   Code amendment note
   Subsec. (b)(2)(A)(iii). Pub. L. 107–171 added cl. (iii).

   Enacted provision · exact public law section
   SEC. 5319. LOAN ELIGIBILITY FOR BORROWERS WITH PRIOR DEBT FORGIVENESS. Section 373(b)(2)(A) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008h(b)(2)(A)) is amended— (1) in clause (i), by striking “or”; (2) in clause (ii), by striking the period and inserting or”; and (3) by adding at the end the following: “(iii) received debt forgiveness on not more than 1 occasion resulting directly and primarily from a major disaster or emergency designated by the President on or after April 4, 1996, under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.).”.

4. 2018

   Agriculture Improvement Act of 2018

   Pub. L. 115–334 title V § 5307 · 132 Stat. 4490

   1. Amended · 7 U.S.C. § 2008h(b)(2)(B)

      Pub. L. 115–334 designated existing provisions as cl. (i)

   2. Inserted · 7 U.S.C. § 2008h(b)(2)(B)

      Pub. L. 115–334 inserted heading

   3. Redesignated · 7 U.S.C. § 2008h(b)(2)(B)

      Pub. L. 115–334 redesignated former cls. (i) and (ii) as subcls. (I) and (II), respectively, of cl. (i)

   4. Added · 7 U.S.C. § 2008h(b)(2)(B)

      Pub. L. 115–334 added cl. (ii)

   Source evidence

   Code amendment note
   Subsec. (b)(2)(B). Pub. L. 115–334 designated existing provisions as cl. (i) and inserted heading, redesignated former cls. (i) and (ii) as subcls. (I) and (II), respectively, of cl. (i), and added cl. (ii).

   Enacted provision · exact public law section
   SEC. 5307. EMERGENCY LOAN ELIGIBILITY.   Section 373(b)(2)(B) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008h(b)(2)(B)) is amended— (1) by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and indenting appropriately; (2) in the matter preceding subclause (I) (as so redesignated), by striking “The Secretary” and inserting the following: “(i) In general.— The Secretary” ; and (3) by adding at the end the following: “(ii) Restructured loans.— For purposes of clause (i), a borrower who was restructured with a write-down or restructuring under section 353 shall not be considered to have received debt forgiveness on a loan made or guaranteed under this title.” .

7 of 8 references resolved to an enrolled provision · 1 partial