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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. § 1993 Transition to private commercial or other sources of credit us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1993 7 U.S.C. § 1993 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/s1993 data/legal/raw/us/code/title-07/usc07.xml db2e3b75f6797d7412f4d3e8dd2a16dcdcdb7ddc89d6eee316d8a44238bd888f 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 3167e4d122741a68a6e41d7073104c2b5502f8730f1b31418ec492caaadffee3 2026-07-04 official
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7 U.S.C. § 1993 - Transition to private commercial or other sources of credit

Text

(a) In general In making or insuring a farm loan under subchapter I or II, the Secretary shall establish a plan and promulgate regulations (including performance criteria) that promote the goal of transitioning borrowers to private commercial credit and other sources of credit in the shortest period of time practicable.

(b) Coordination In carrying out this section, the Secretary shall integrate and coordinate the transition policy described in subsection (a) with—

(1) the borrower training program established by section 2006a of this title;

(2) the loan assessment process established by section 2006b of this title;

(3) the supervised credit requirement established by section 2006c of this title;

(4) the market placement program established by section 2006d of this title; and

(5) other appropriate programs and authorities, as determined by the Secretary.

(Pub. L. 87128, title III, § 345, as added Pub. L. 110234, title V, § 5304, May 22, 2008, 122 Stat. 1153, and Pub. L. 110246, § 4(a), title V, § 5304, June 18, 2008, 122 Stat. 1664, 1914.)

Notes

Editorial Notes

Codification Pub. L. 110234 and Pub. L. 110246 enacted identical sections. Pub. L. 110234 was repealed by section 4(a) of Pub. L. 110246.

Prior ProvisionsA prior section 1993, Pub. L. 87128, title III, § 345, as added Pub. L. 9468, § 9, Aug. 5, 1975, 89 Stat. 382; amended Pub. L. 103437, § 4(a)(7), Nov. 2, 1994, 108 Stat. 4582, related to testimony by Secretary of Agriculture before congressional committees, prior to repeal by Pub. L. 104127, title VII, § 750, Apr. 4, 1996, 110 Stat. 1129.

Statutory Notes and Related Subsidiaries

Effective DateEnactment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as a note under section 8701 of this title.