Title 7, AgricultureRelease 119-110
§2009cc–13 Additional Penalties for Noncompliance
Title 7 › CHAPTER 50 — AGRICULTURAL CREDIT › SUBCHAPTER VIII — RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–13
Summary
The Secretary can cancel a rural business investment company's participation agreement and make the company lose all program rights and privileges if it fails to follow this subchapter or its rules, orders, or the participation agreement. Before that can happen, a U.S. court with authority where the company's main office is located must find the company violated the rules. The case must be brought by the Secretary or by the Attorney General.
Full Legal Text
Title 7, §2009cc–13
Agriculture, Source: USLM XML via OLRC
(a)In general
With respect to any rural business investment company that violates or fails to comply with this subchapter (including any rule, regulation, order, or participation agreement under this subchapter), the Secretary may, in accordance with this section— (1)
(2)cause the rural business investment company to forfeit all of the rights and privileges derived by the rural business investment company under this subchapter.
(b)Adjudication of noncompliance
(1)In general
Before the Secretary may cause a rural business investment company to forfeit rights or privileges under subsection (a), a court of the United States of competent jurisdiction must find that the rural business investment company committed a violation, or failed to comply, in a cause of action brought for that purpose in the district, territory, or other place subject to the jurisdiction of the United States, in which the principal office of the rural business investment company is located.
(2)Parties authorized to file causes of action
Each cause of action brought by the United States under this subsection shall be brought by the Secretary or by the Attorney General.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2009cc–13
Title 7, Agriculture
Last Updated
Sep 22, 2026
Release point: 119-110