Fabio
00a184bb3c
Raw OLRC USLM XML zips @ release 119-100 (retrieved 2026-07-04 via Atlas depot), ingested with the standard pipeline: raw snapshot -> per-section OKF markdown -> manifest + checksums. Title 52 untouched. LegalText: 171 -> 11,221. Titles 12-54 await a clean OLRC retry. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
2.4 KiB
Markdown
42 lines
2.4 KiB
Markdown
---
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type: "LegalText"
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title: "7 U.S.C. § 1929b"
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description: "Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 7
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title_name: "AGRICULTURE"
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chapter_number: "50"
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chapter_name: "AGRICULTURAL CREDIT"
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section: "1929b"
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citation: "7 U.S.C. § 1929b"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
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source_identifier: "/us/usc/t7/s1929b"
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source_file: "data/legal/raw/us/code/title-07/usc07.xml"
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source_hash: "dcc5872a6cc22e4a2a7ff32497ba8f8ff9edd03e46b9bf556276ad79e562591d"
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raw_snapshot_hash: "50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984"
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text_hash: "c5cf8b9ff745a83ec01d1da3100444599b83c58cba369a3b1f4c63a61b01d886"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 7 U.S.C. § 1929b - Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities
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## Text
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The Secretary may purchase, on such terms and conditions as the Secretary deems appropriate, the guaranteed portion of any loan guaranteed under this chapter: Provided, That the Secretary may not pay for any such guaranteed portion of a loan in excess of an amount equal to the unpaid principal balance and accrued interest on the guaranteed portion of the loan. The Secretary may use for such purchases funds from the Rural Development Insurance Fund with respect to rural development loans as defined in section 1929a(a) of this title and funds from the Agricultural Credit Insurance Fund with respect to all other loans under this chapter. This authority may be exercised only if the Secretary determines that an adequate secondary market is not available in the private sector.
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(Pub. L. 87–128, title III, § 309B, as added Pub. L. 95–334, title I, § 111, Aug. 4, 1978, 92 Stat. 424.)
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## Notes
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Editorial Notes
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References in TextThis chapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out under section 1921 of this title and Tables.
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