Title 7, AgricultureRelease 119-110
§8733 Term of Loans
Title 7 › CHAPTER 113 — AGRICULTURAL COMMODITY SUPPORT PROGRAMS › SUBCHAPTER II — MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS › § 8733
Summary
Each marketing assistance loan must last 9 months, starting on the first day of the month after the loan month. The Secretary cannot extend that loan term.
Full Legal Text
Title 7, §8733
Agriculture, Source: USLM XML via OLRC
(a)Term of loan
In the case of each loan commodity, a marketing assistance loan under section 8731 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
(b)Extensions prohibited
The Secretary may not extend the term of a marketing assistance loan for any loan commodity.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
Statutory Notes and Related Subsidiaries
Effective Date
Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 8733
Title 7, Agriculture
Last Updated
Sep 22, 2026
Release point: 119-110