Title 7, AgricultureRelease 119-73not60
§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 take away all the rights and benefits the company gets under this part of the law if the company breaks or fails to follow the rules. Before the Secretary can take those rights away, a U.S. court where the company's main office is located must decide in a lawsuit that the company violated the rules. The lawsuit 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)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)void the participation agreement between the Secretary and the rural business investment company; and
(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)(1)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)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
Apr 3, 2026
Release point: 119-73not60