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2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1927a Loan interest rates charged by Farmers Home Administration; grant funds associated with loans us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1927a 7 U.S.C. § 1927a 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/s1927a data/legal/raw/us/code/title-07/usc07.xml 9eedb2e18485b9e3a4e3d24f6d502f97b32ae753766bc3b73ceb838bdb95f074 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 b59de1f00f7ddb26e2be4534a1eae0a72befd9e179aab833041d7b22443c7d54 2026-07-04 official
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7 U.S.C. § 1927a - Loan interest rates charged by Farmers Home Administration; grant funds associated with loans

Text

Effective October 1, 1981, and thereafter, in the case of water and waste disposal and community facility borrowers, and effective November 12, 1983, and thereafter, in the case of housing and farm borrowers, upon request of the borrower, the interest rate charged by the Farmers Home Administration to such borrowers shall be the lower of the rates in effect at either the time of loan approval or loan closing and any Farmers Home Administration grant funds associated with such loans shall be set in amount based on the interest rate in effect at the time of loan approval.

(Pub. L. 9988, title I, § 100, Aug. 15, 1985, 99 Stat. 296; Pub. L. 100233, title VI, § 615(b)(1)(A), Jan. 6, 1988, 101 Stat. 1681.)

Notes

Editorial Notes

Codification Section was enacted as part of the Supplemental Appropriations Act, 1985, and not as part of the Consolidated Farm and Rural Development Act which comprises this chapter.

Amendments1988—Pub. L. 100233 substituted “Effective October 1, 1981, and thereafter, in the case of water and waste disposal and community facility borrowers, and effective November 12, 1983, and thereafter, in the case of housing and farm borrowers” for “Effective November 12, 1983, and thereafter” and “to such borrowers” for “to housing, farm, water and waste disposal, and community facility borrowers”.

Statutory Notes and Related Subsidiaries

Applicability of 1988 AmendmentPub. L. 100233, title VI, § 615(b)(1)(B), Jan. 6, 1988, 101 Stat. 1682, provided that: “The amendment made by subparagraph (A) [amending this section] shall not apply to any note or other obligation sold under section 1001 of the Omnibus [Budget] Reconciliation Act of 1986 [Pub. L. 99509, 7 U.S.C. 1929a note] on or before the date of the enactment of this paragraph [Jan. 6, 1988].”