debt forgiveness

(12) Debt forgiveness.— (A) In general .— Except as provided in subparagraph (B), the term “debt forgiveness” means reducing or terminating a farmer program loan made or guaranteed under this chapter, in a manner that results in a loss to the Secretary, through— (i) writing down or writing off a loan under section 2001 of this title ; (ii) compromising, adjusting, reducing, or charging-off a debt or claim under section 1981 of this title ; (iii) paying a loss on a guaranteed loan under section 2005 of this title ; or (iv) discharging a debt as a result of bankruptcy. (B) Exceptions .— The term “debt forgiveness” does not include— (i) consolidation, rescheduling, reamortization, or deferral of a loan; or (ii) any write-down provided as part of a resolution of a discrimination complaint against the Secretary.


7 USC § 1991(a)(12)

Scoping language

As used in this chapter
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