Title 7 — AgricultureRelease 119-73
§2008b Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers
Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER IV— - ADMINISTRATIVE PROVISIONS › § 2008b
Summary
The Secretary can guarantee 95% of the principal on loans to socially disadvantaged or qualified beginning farmers or ranchers.
Full Legal Text
Title 7, §2008b
Agriculture — Source: USLM XML via OLRC
In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 2008b, Pub. L. 87–128, title III, § 367, as added Pub. L. 101–624, title XXIII, § 2317, Nov. 28, 1990, 104 Stat. 4008; amended Pub. L. 102–237, title VII, § 701(g), Dec. 13, 1991, 105 Stat. 1879, related to limited transfer authority of loan amounts, prior to repeal by Pub. L. 104–127, title VII, § 755, Apr. 4, 1996, 110 Stat. 1131.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2008b
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73