Title 7, AgricultureRelease 119-102

§939 Loan Terms and Conditions

Title 7 › CHAPTER 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE › SUBCHAPTER III — RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS › § 939

Last updated Aug 21, 2026|Official source

Summary

Loans from or insured by the fund must follow the purposes and rules in subchapters I and II, except sections 933–938.

Full Legal Text

Title 7, §939

Agriculture, Source: USLM XML via OLRC

Loans made from or insured through the fund shall be for the same purposes and on the same terms and conditions as are provided for loans in subchapters I and II of this chapter except as otherwise provided in sections 933 to 938 inclusive.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2018—Pub. L. 115–334 struck out at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.” 1996—Pub. L. 104–127 struck out subsec. (a) designation and heading “In general” and heading and text of subsec. (b). Prior to amendment, text read as follows: “The term of any telephone loan made under this subchapter shall be determined by the borrower at the time the loan application is submitted.” 1993—Subsec. (a). Pub. L. 103–129 inserted at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.” 1990—Pub. L. 101–624 designated existing provisions as subsec. (a) and added subsec. (b).

Statutory Notes and Related Subsidiaries

Effective Date

Section effective May 11, 1973, see section 12 of Pub. L. 93–32, set out as a note under section 930 of this title.

Reference

Citations & Metadata

Citation

7 U.S.C. § 939

Title 7, Agriculture

Last Updated

Aug 21, 2026

Release point: 119-102