§ 2020. — Related services.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC2020]
TITLE 12--BANKS AND BANKING
CHAPTER 23--FARM CREDIT SYSTEM
SUBCHAPTER I--FARM CREDIT BANKS
Sec. 2020. Related services
(a) In general
The Farm Credit Banks may provide technical assistance to borrowers,
members, and applicants from the bank and associations in the district,
including persons obligated on paper discounted by the bank, and may
make available to them at their option such financial related services
appropriate to their on-farm and aquatic operations as determined to be
feasible by the board of directors of the bank, under regulations of the
Farm Credit Administration.
(b) Authority to pass along cost of insurance premiums
Each Farm Credit Bank may assess each production credit association,
other association making direct loans under the authority provided under
section 2279b of this title, and other financing institution described
in section 2015(b)(1)(B) of this title in the district in which the bank
is located to cover the costs of making premium payments under part E of
subchapter V of this chapter. The assessment on any such association or
other financing institution for any calendar year shall be computed on
the same basis as is used to compute the premium payment and shall not
exceed the sum of--
(1) the annual average principal outstanding for such year on
loans made by the association, or on loans made by the other
financing institution and funded by or discounted with the Farm
Credit Bank, that are in accrual status, excluding the guaranteed
portions of government-guaranteed loans (as defined in section
2277a-4(a)(3) of this title) provided for in paragraph (3) and
Government Sponsored Enterprise-guaranteed loans (as defined in
section 2277a-4(a)(4) of this title) provided for in paragraph (4),
multiplied by 0.0015;
(2) the annual average principal outstanding for such year on
loans made by the association, or on loans made by the other
financing institution and funded by or discounted with the Farm
Credit Bank, that are in nonaccrual status, multiplied by 0.0025;
(3)(A) the annual average principal outstanding for such year on
the guaranteed portions of Federal government-guaranteed loans (as
so defined) made by the association, or by the other financing
institution and funded by or discounted with the Farm Credit Bank,
that are in accrual status, multiplied by 0.00015; and
(B) the annual average principal outstanding for such year on
the guaranteed portions of State government-guaranteed loans (as so
defined) made by the association, or by the other financing
institution and funded by or discounted with the Farm Credit Bank,
that are in accrual status, multiplied by 0.0003; and
(4) the annual average principal outstanding for such year on
the guaranteed portions of Government Sponsored Enterprise-
guaranteed loans (as so defined) made by the association, or by the
other financing institution and funded by or discounted with the
Farm Credit Bank, that are in accrual status, multiplied by a
factor, not to exceed 0.0015, determined by the Corporation for the
purpose of setting the premium for such guaranteed portions of loans
under section 2277a-4(a)(1)(D) of this title.
(Pub. L. 92-181, title I, Sec. 1.12, as added Pub. L. 100-233, title IV,
Sec. 401, Jan. 6, 1988, 101 Stat. 1628; amended Pub. L. 100-399, title
IV, Sec. 401(k), Aug. 17, 1988, 102 Stat. 996; Pub. L. 101-220,
Sec. 6(b)(1), (2), Dec. 12, 1989, 103 Stat. 1880; Pub. L. 104-105, title
II, Sec. 215(a)(2)(C), Feb. 10, 1996, 110 Stat. 176; Pub. L. 107-171,
title V, Sec. 5403(a)(2)(A), May 13, 2002, 116 Stat. 350.)
Prior Provisions
A prior section 2020, Pub. L. 92-181, title I, Sec. 1.12, Dec. 10,
1971, 85 Stat. 586; Pub. L. 96-592, title I, Sec. 109, Dec. 24, 1980, 94
Stat. 3439, related to loans through associations or agents, prior to
the general amendment of this subchapter by Pub. L. 100-233, Sec. 401.
Amendments
2002--Subsec. (b)(1). Pub. L. 107-171, Sec. 5403(a)(2)(A)(i),
inserted ``and Government Sponsored Enterprise-guaranteed loans (as
defined in section 2277a-4(a)(4) of this title) provided for in
paragraph (4)'' after ``government-guaranteed loans (as defined in
section 2277a-4(a)(3) of this title) provided for in paragraph (3)''.
Subsec. (b)(4). Pub. L. 107-171, Sec. 5403(a)(2)(A)(ii)-(iv), added
par. (4).
1996--Pub. L. 104-105, Sec. 215(a)(2)(C), which directed amendment
of ``section 1.12(b)'', without specifying the name of the Act being
amended, was executed to this section, which is section 112 of the Farm
Credit Act of 1971, to reflect the probable intent of Congress.
Subsec. (b)(1). Pub. L. 104-105, Sec. 215(a)(2)(C)(i), inserted
``(as defined in section 2277a-4(a)(3) of this title)'' after
``government-guaranteed loans''.
Subsec. (b)(3). Pub. L. 104-105, Sec. 215(a)(2)(C)(i), inserted
``(as so defined)'' after ``government-guaranteed loans'' in subpars.
(A) and (B).
1989--Subsec. (b). Pub. L. 101-220, Sec. 6(b)(1), inserted ``, other
association making direct loans under the authority provided under
section 2279b of this title,'' after ``production credit association''.
Subsec. (b)(1). Pub. L. 101-220, Sec. 6(b)(2)(A), inserted ``funded
by or'' before ``discounted with'' and ``excluding the guaranteed
portions of government-guaranteed loans provided for in paragraph (3),''
and struck out ``and'' after ``multiplied by 0.0015;''.
Subsec. (b)(2). Pub. L. 101-220, Sec. 6(b)(2)(B), inserted ``funded
by or'' before ``discounted with'' and substituted ``0.0025; and'' for
``0.0025.''.
Subsec. (b)(3). Pub. L. 101-220, Sec. 6(b)(2)(C), added par. (3).
1988--Subsec. (a). Pub. L. 100-399 designated existing provision as
subsec. (a), inserted heading, substituted ``directors of the bank'' for
``directors of each district bank'', and added subsec. (b).
Effective Date of 2002 Amendment
Pub. L. 107-171, title V, Sec. 5403(b), May 13, 2002, 116 Stat. 351,
provided that: ``The amendments made by this section [amending this
section and sections 2277a-4 and 2277a-5 of this title] shall apply with
respect to determinations of premiums for calendar year 2002 and for any
succeeding calendar year, and to certified statements with respect to
such premiums.''
Effective Date of 1989 Amendment
Section 6(c) of Pub. L. 101-220 provided that: ``The amendments made
by subsections (a) and (b) [amending sections 2020, 2277a-4, 2277a-8,
and 2277a-10 of this title] shall be effective for insurance premiums
due to the Farm Credit System Insurance Corporation under the Farm
Credit Act of 1971 (12 U.S.C. 2001 et seq.) on or after January 1, 1990,
based on the loan volume of each bank for each calendar year beginning
with calendar year 1989, and shall be effective for the calculation of
the initial premium payment required under section 5.56(c) of the Farm
Credit Act of 1971 (12 U.S.C. 2277a-5(c)).''
Effective Date of 1988 Amendment
Amendment by Pub. L. 100-399 effective immediately after amendment
made by section 401 of Pub. L. 100-233, which was effective 6 months
after Jan. 6, 1988, see section 1001(b) of Pub. L. 100-399, set out as a
note under section 2002 of this title.
Section Referred to in Other Sections
This section is referred to in section 2277a-4 of this title.
