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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 2219b Application of uninsured accounts us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2219b 12 U.S.C. § 2219b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s2219b data/legal/raw/us/code/title-12/usc12.xml eb84a4fa5af922aefb3c5a3f579ac69e744714a75b531857e19e5b2ab73d4a5a e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa e82f8ee714b4349b825ab605277aac78e8bb0810e19e4aa08efdb7f938a959fc 2026-07-04 official
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12 U.S.C. § 2219b - Application of uninsured accounts

Text

(a) In general Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before January 6, 1988), including all such other accounts known as “advanced payment accounts” or “future prepayment accounts” shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower.

(b) Regulations The Farm Credit Administration shall promulgate regulations—

(1) that define the term “uninsured voluntary or involuntary account”; and

(2) to otherwise effectively carry out this section.

(Pub. L. 92181, title IV, § 4.37, as added Pub. L. 100233, title I, § 110, Jan. 6, 1988, 101 Stat. 1585.)

Notes

Editorial Notes

Codification Another section 4.37 of Pub. L. 92181 was renumbered section 4.38 and is classified to section 2219c of this title.