As a condition of obtaining any benefit (including a direct loan, loan guarantee, or payment) described in subsection (b) of this section, a borrower must obtain at least catastrophic risk protection insurance coverage under section
1508 of this title for the crop and crop year for which the benefit is sought, if the coverage is offered by the Corporation.
(b) Applicable benefits
Subsection (a) of this section shall apply to—
(1)a farm ownership loan (FO) under section
1923 of this title;
(2)an operating loan (OL) under section
1942 of this title; and
(3)an emergency loan (EM) under section
1961 of this title.
Section effective Oct. 13, 1994, and applicable to provision of crop insurance under Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) beginning with 1995 crop year, with such Act, as in effect on the day before Oct. 13, 1994, to continue to apply with respect to 1994 crop year, see section 120 ofPub. L. 103–354, set out as an Effective Date of 1994 Amendment note under section
1502 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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