7 U.S. Code § 8733 - Term of loans

(a) Term of loan
In the case of each loan commodity, a marketing assistance loan under section 8731 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
(b) Extensions prohibited
The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

Source

(Pub. L. 110–234, title I, § 1203,May 22, 2008, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203,June 18, 2008, 122 Stat. 1664, 1684.)
Codification

Pub. L. 110–234and Pub. L. 110–246enacted identical sections. Pub. L. 110–234was repealed by section 4(a) ofPub. L. 110–246.

 

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