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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 7233 Term of loans us united_states_code code_section 7 AGRICULTURE 100 AGRICULTURAL MARKET TRANSITION 7233 7 U.S.C. § 7233 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s7233 data/legal/raw/us/code/title-07/usc07.xml b67ad8fe57669be91310d64c653ff308526afd402a5c555e5e1bdd3872633f75 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 42ddd4d16404cb3c1ff69c8590fb20c6a2402a69ed65e32a5a8a1ff1826caf5f 2026-07-04 official
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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. 104127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)