Title 7AgricultureRelease 119-73

§1949 Graduation of borrowers with operating loans or guarantees to private commercial credit

Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER II— - OPERATING LOANS › § 1949

Last updated Apr 6, 2026|Official source

Summary

Create a plan, with programs in sections 2006a–2006d, to help borrowers with loans or guarantees move to private lenders.

Full Legal Text

Title 7, §1949

Agriculture — Source: USLM XML via OLRC

The Secretary shall establish a plan, in coordination with activities under section 2006a, 2006b, 2006c, and 2006d of this title, to encourage each borrower with an outstanding loan under this subchapter or with respect to whom there is an outstanding guarantee under this subchapter to graduate to private commercial or other sources of credit.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2014—Pub. L. 113–79 struck out subsec. (a) designation and heading before “The Secretary” and struck out subsec. (b) which related to limitation on period borrowers were eligible for guaranteed assistance under this subchapter and contained transition rule. 1996—Subsec. (b). Pub. L. 104–127 added subsec. (b) and struck out former subsec. (b) which provided for limitation on period for which borrowers were eligible for assistance under this subchapter and contained transition rule.

Statutory Notes and Related Subsidiaries

Suspension of Limitation on Period for Which Borrowers Are Eligible for Guaranteed Assistance Pub. L. 107–171, title V, § 5102,
May 13, 2002, 116 Stat. 343, as amended by Pub. L. 109–467, § 1, Dec. 22, 2006, 120 Stat. 3485; Pub. L. 110–234, title V, § 5103,
May 22, 2008, 122 Stat. 1146; Pub. L. 110–246, § 4(a), title V, § 5103,
June 18, 2008, 122 Stat. 1664, 1908, provided for the suspension of former 7 U.S.C. 1949(b) limitation on period borrowers were eligible for guaranteed assistance, beginning Jan. 1, 2002, and ending Dec. 31, 2010.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1949

Title 7Agriculture

Last Updated

Apr 6, 2026

Release point: 119-73