---
type: "LegalText"
title: "7 U.S.C. § 7233"
description: "Term of loans"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 7
title_name: "AGRICULTURE"
chapter_number: "100"
chapter_name: "AGRICULTURAL MARKET TRANSITION"
section: "7233"
citation: "7 U.S.C. § 7233"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
source_identifier: "/us/usc/t7/s7233"
source_file: "data/legal/raw/us/code/title-07/usc07.xml"
source_hash: "b67ad8fe57669be91310d64c653ff308526afd402a5c555e5e1bdd3872633f75"
raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
text_hash: "42ddd4d16404cb3c1ff69c8590fb20c6a2402a69ed65e32a5a8a1ff1826caf5f"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 7 U.S.C. § 7233 - Term of loans

## Text

(a) Term of loan In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 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) Special rule for cotton A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.

(c) Extensions prohibited The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

(Pub. L. 104–127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)