[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1141f]
TITLE 12--BANKS AND BANKING
CHAPTER 7A--AGRICULTURAL MARKETING
Sec. 1141f. Miscellaneous loan provisions
(a) Repealed. Pub. L. 89-525, Sec. 4(b), Aug. 2, 1966, 80 Stat. 334.
(b) Payments of principal or interest upon any such loan or advance
shall be covered into the revolving fund.
(c) Loans to any cooperative association or stabilization
corporation shall be made upon the terms specified in this chapter and
upon such other terms not inconsistent therewith and upon such security
as the administration deems necessary.
(d) No loan or insurance agreement shall be made by the
administration if in its judgment the agreement is likely to increase
unduly the production of any agricultural commodity of which there is
commonly produced a surplus in excess of the annual marketing
requirements.
(June 15, 1929, ch. 24, Sec. 8, 46 Stat. 14; Ex. Ord. No. 6084, Mar. 27,
1933; June 16, 1933, ch. 98, title V, Sec. 54, 48 Stat. 266; June 3,
1935, ch. 164, Sec. 11, 49 Stat. 316; Aug. 19, 1937, ch. 704, Sec. 5(a),
50 Stat. 704; Aug. 11, 1955, ch. 785, title I, Sec. 109, 69 Stat. 662;
Pub. L. 89-525, Sec. 4(b), Aug. 2, 1966, 80 Stat. 334.)
Codification
Section was formerly classified to section 528 of Title 7,
Agriculture.
Amendments
1966--Subsec. (a). Pub. L. 89-525 repealed subsec. (a) which
provided that loans to cooperative associations made by any bank for
cooperatives shall bear such rates of interest as the board of directors
of the bank shall from time to time determine with the approval of the
Farm Credit Administration, but in no case shall the rate of interest
exceed 6 per centum per annum on the unpaid principal of a loan. See
section 2122 of this title.
1955--Subsec. (a). Act Aug. 11, 1955, provided that boards of
directors for banks would prescribe interest rates on loans in place of
requirements relating interest rates on loans made by banks for
cooperatives to interest rates charged by Federal intermediate credit
banks and Federal land banks.
1937--Subsec. (a). Act Aug. 19, 1937, substituted ``farm credit
district'' for ``land bank district''.
1935--Subsec. (a). Act
