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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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---
type: "LegalText"
title: "7 U.S.C. § 939"
description: "Loan terms and conditions"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 7
title_name: "AGRICULTURE"
chapter_number: "31"
chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
section: "939"
citation: "7 U.S.C. § 939"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip"
source_identifier: "/us/usc/t7/s939"
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retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 7 U.S.C. § 939 - Loan terms and conditions
## Text
Loans made from or insured through the fund shall be for the same purposes and on the same terms and conditions as are provided for loans in subchapters I and II of this chapter except as otherwise provided in sections 933 to 938 inclusive.
(May 20, 1936, ch. 432, title III, § 309, as added Pub. L. 9332, § 2, May 11, 1973, 87 Stat. 70; amended Pub. L. 101624, title XXIII, § 2360, Nov. 28, 1990, 104 Stat. 4042; Pub. L. 103129, § 2(b)(2), Nov. 1, 1993, 107 Stat. 1363; Pub. L. 104127, title VII, § 779, Apr. 4, 1996, 110 Stat. 1151; Pub. L. 115334, title VI, § 6602(b)(11), Dec. 20, 2018, 132 Stat. 4777.)
## Notes
Editorial Notes
Amendments2018—Pub. L. 115334 struck out at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.” 1996—Pub. L. 104127 struck out subsec. (a) designation and heading “In general” and heading and text of subsec. (b). Prior to amendment, text read as follows: “The term of any telephone loan made under this subchapter shall be determined by the borrower at the time the loan application is submitted.” 1993—Subsec. (a). Pub. L. 103129 inserted at end “The preceding sentence shall not be construed to make section 948(b)(2) or 950b of this title applicable to this subchapter.” 1990—Pub. L. 101624 designated existing provisions as subsec. (a) and added subsec. (b).
Statutory Notes and Related Subsidiaries
Effective DateSection effective May 11, 1973, see section 12 of Pub. L. 9332, set out as a note under section 930 of this title.