7 USC § 912a - Rescheduling and refinancing of loans | Title 7 - Agriculture | U.S. Code

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Current through Pub. L. 113-9. (See Public Laws for the current Congress.)

In addition to the loan extension authority provided in section 912 of this title, the Secretary of Agriculture is authorized to adjust and readjust the schedules for payment of principal and interest on loans to borrowers under programs administered by the Secretary under this chapter, and to extend the maturity date of any such loan to a date not beyond forty years from the date of such loan where he determines such action is necessary because of the impairment of the economic feasibility of the system, or the loss, destruction, or damage of the property of such borrowers as a result of a major disaster.

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In addition to the loan extension authority provided in section 912 of this title, the Secretary of Agriculture is authorized to adjust and readjust the schedules for payment of principal and interest on loans to borrowers under programs administered by the Secretary under this chapter, and to extend the maturity date of any such loan to a date not beyond forty years from the date of such loan where he determines such action is necessary because of the impairment of the economic feasibility of the system, or the loss, destruction, or damage of the property of such borrowers as a result of a major disaster.

Source

(Pub. L. 91–606, title II, § 236(a),Dec. 31, 1970, 84 Stat. 1754; Pub. L. 103–354, title II, § 235(b)(1),Oct. 13, 1994, 108 Stat. 3221.)

Codification

Section was enacted as part of the Disaster Relief Act of 1970, and not as part of the Rural Electrification Act of 1936 which constitutes this chapter. Section was formerly classified to section 4455 (a) of Title 42, The Public Health and Welfare.

Amendments

1994—Pub. L. 103–354substituted “Secretary under this chapter” for “Rural Electrification Administration”.

Effective Date

Section effective Dec. 31, 1970, see section 304 ofPub. L. 91–606, set out as an Effective Date of 1970 Amendment note under section 165 of Title 26, Internal Revenue Code.

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 Wednesday, June 5, 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.

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"nt [tbl]" means note [table].
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"to" means a transfer to another section.
"omitted" means the section is omitted.
"repealed" means the section is repealed.
"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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General Reference

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7 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

7 CFR - Agriculture

7 CFR Part 1700 - GENERAL INFORMATION

7 CFR Part 1703 - RURAL DEVELOPMENT

7 CFR Part 1709 - ASSISTANCE TO HIGH ENERGY COST COMMUNITIES

7 CFR Part 1710 - GENERAL AND PRE-LOAN POLICIES AND PROCEDURES COMMON TO ELECTRIC LOANS AND GUARANTEES

7 CFR Part 1714 - PRE-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC LOANS

7 CFR Part 1717 - POST-LOAN POLICIES AND PROCEDURES COMMON TO INSURED AND GUARANTEED ELECTRIC LOANS

7 CFR Part 1718 - LOAN SECURITY DOCUMENTS FOR ELECTRIC BORROWERS

7 CFR Part 1720 - GUARANTEES FOR BONDS AND NOTES ISSUED FOR ELECTRIFICATION OR TELEPHONE PURPOSES

7 CFR Part 1721 - POST-LOAN POLICIES AND PROCEDURES FOR INSURED ELECTRIC LOANS

7 CFR Part 1724 - ELECTRIC ENGINEERING, ARCHITECTURAL SERVICES AND DESIGN POLICIES AND PROCEDURES

7 CFR Part 1726 - ELECTRIC SYSTEM CONSTRUCTION POLICIES AND PROCEDURES

7 CFR Part 1728 - ELECTRIC STANDARDS AND SPECIFICATIONS FOR MATERIALS AND CONSTRUCTION

7 CFR Part 1730 - ELECTRIC SYSTEM OPERATIONS AND MAINTENANCE

7 CFR Part 1735 - GENERAL POLICIES, TYPES OF LOANS, LOAN REQUIREMENTS—TELECOMMUNICATIONS PROGRAM

7 CFR Part 1737 - PRE-LOAN POLICIES AND PROCEDURES COMMON TO INSURED AND GUARANTEED TELECOMMUNICATIONS LOANS

7 CFR Part 1738 - RURAL BROADBAND ACCESS LOANS AND LOAN GUARANTEES

7 CFR Part 1744 - POST-LOAN POLICIES AND PROCEDURES COMMON TO GUARANTEED AND INSURED TELEPHONE LOANS

7 CFR Part 1751 - TELECOMMUNICATIONS SYSTEM PLANNING AND DESIGN CRITERIA, AND PROCEDURES

7 CFR Part 1753 - TELECOMMUNICATIONS SYSTEM CONSTRUCTION POLICIES AND PROCEDURES

7 CFR Part 1755 - TELECOMMUNICATIONS POLICIES ON SPECIFICATIONS, ACCEPTABLE MATERIALS, AND STANDARD CONTRACT FORMS

7 CFR Part 1767 - ACCOUNTING REQUIREMENTS FOR RUS ELECTRIC BORROWERS

7 CFR Part 1770 - ACCOUNTING REQUIREMENTS FOR RUS TELECOMMUNICATIONS BORROWERS

7 CFR Part 1773 - POLICY ON AUDITS OF RUS BORROWERS

7 CFR Part 1785 - LOAN ACCOUNT COMPUTATIONS, PROCEDURES AND POLICIES FOR ELECTRIC AND TELEPHONE BORROWERS

7 CFR Part 1786 - PREPAYMENT OF RUS GUARANTEED AND INSURED LOANS TO ELECTRIC AND TELEPHONE BORROWERS

7 CFR 1787

7 CFR Part 1788 - RUS FIDELITY AND INSURANCE REQUIREMENTS FOR ELECTRIC AND TELECOMMUNICATIONS BORROWERS

7 CFR Part 1792 - COMPLIANCE WITH OTHER FEDERAL STATUTES, REGULATIONS, AND EXECUTIVE ORDERS

7 USC § 912a - Rescheduling and refinancing of loans

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