Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
58 lines
2.6 KiB
Markdown
58 lines
2.6 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 2279aa–1"
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description: "Federal Agricultural Mortgage Corporation"
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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: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "23"
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chapter_name: "FARM CREDIT SYSTEM"
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section: "2279aa–1"
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citation: "12 U.S.C. § 2279aa–1"
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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_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s2279aa–1"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "9b4091bee430e63aed7667eff135fc5c58c432b55ea5c08f26347fea4fefb918"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "fbc46f666278b61d6023ec37b1952ebec00c11a69db2db65a14974b4efb6e76e"
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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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# 12 U.S.C. § 2279aa–1 - Federal Agricultural Mortgage Corporation
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## Text
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(a) Establishment (1) In general There is hereby established a corporation to be known as the Federal Agricultural Mortgage Corporation, which shall be a federally chartered instrumentality of the United States.
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(2) Institution within Farm Credit System The Corporation shall be an institution of the Farm Credit System.
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(3) Liability (A) Corporation The Corporation shall not be liable for any debt or obligation of any other institution of the Farm Credit System.
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(B) System institutions The Farm Credit System and System institutions (other than the Corporation) shall not be liable for any debt or obligation of the Corporation.
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(b) Duties The Corporation shall—
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(1) in consultation with originators, develop uniform underwriting, security appraisal, and repayment standards for qualified loans;
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(2) determine the eligibility of agricultural mortgage marketing facilities to contract with the Corporation for the provision of guarantees for specific mortgage pools;
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(3) provide guarantees for the timely repayment of principal and interest on securities representing interests in, or obligations backed by, pools of qualified loans; and
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(4) purchase qualified loans and issue securities representing interests in, or obligations backed by, the qualified loans, guaranteed for the timely repayment of principal and interest.
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(Pub. L. 92–181, title VIII, § 8.1, as added Pub. L. 100–233, title VII, § 702, Jan. 6, 1988, 101 Stat. 1687; amended Pub. L. 104–105, title I, § 103, Feb. 10, 1996, 110 Stat. 163.)
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## Notes
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Editorial Notes
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Amendments1996—Subsec. (b)(4). Pub. L. 104–105 added par. (4).
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