Title 12, Banks and BankingRelease 119-102
§2017 Eligibility
Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER I — FARM CREDIT BANKS › § 2017
Summary
District banks may offer loans and other services to their stockholders or members who are farmers or fish harvesters, farm-service providers tied to on-farm needs, or rural homeowners.
Full Legal Text
Title 12, §2017
Banks and Banking, Source: USLM XML via OLRC
The credit and financial services authorized in this subchapter may be made available to persons who are or become stockholders or members of the bank or associations in the district, and who are—
(1)bona fide farmers, ranchers, or producers or harvesters of aquatic products;
(2)persons furnishing to farmers and ranchers farm-related services directly related to their on-farm operating needs; or
(3)owners of rural homes.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 2017, Pub. L. 92–181, title I, § 1.9, Dec. 10, 1971, 85 Stat. 586; Pub. L. 96–592, title I, § 106, Dec. 24, 1980, 94 Stat. 3438; Pub. L. 100–233, title IV, § 426, title VIII, § 802(d), Jan. 6, 1988, 101 Stat. 1657, 1710; Pub. L. 100–399, title IV, § 412, title VII, § 701, Aug. 17, 1988, 102 Stat. 1004, 1006, related to security, prior to the general amendment of this subchapter by Pub. L. 100–233, § 401.
Statutory Notes and Related Subsidiaries
Effective Date
Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2017
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102