Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2015&num=0&edition=prelim
Timestamp: 2020-01-23 20:51:57
Document Index: 620066508

Matched Legal Cases: ['§ 2015', '§1', '§401', '§401', '§1', '§104', '§1033', '§401', '§401', '§401', '§401']

[USC02] 12 USC 2015: Lending authority
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12 USC 2015: Lending authority Text contains those laws in effect on January 22, 2020
The Farm Credit Banks are authorized to make loans and extend other similar financial assistance to and to discount for or purchase from-
The regulations shall assure that such loans, financial assistance, discounts, and purchases are available on a reasonable basis to any financing institution authorized to receive such services under paragraph (1)(B) of this subsection, and that-
(iv) does not use such services to expand its financing activities to persons and for purposes other than those authorized under subchapter II.
(Pub. L. 92–181, title I, §1.7, as added Pub. L. 100–233, title IV, §401, Jan. 6, 1988, 101 Stat. 1625 ; amended Pub. L. 100–399, title IV, §401(e), (f), Aug. 17, 1988, 102 Stat. 995 , 996.)
In subsec. (b)(5), "December 24, 1980" substituted for "the effective date of the Farm Credit Act Amendments of 1980".
A prior section 2015, Pub. L. 92–181, title I, §1.7, Dec. 10, 1971, 85 Stat. 585 ; Pub. L. 96–592, title I, §104, Dec. 24, 1980, 94 Stat. 3438 ; Pub. L. 99–509, title I, §1033(a), Oct. 21, 1986, 100 Stat. 1877 , related to interest rates and other charges, prior to the general amendment of this subchapter by Pub. L. 100–233, §401.
1988-Subsec. (a). Pub. L. 100–399, §401(e), inserted in heading "and related assistance" and amended text generally. Prior to amendment, text read as follows: "The Farm Credit Banks are authorized to make or participate with other lenders in long-term real estate mortgage loans in rural areas, as defined by the Farm Credit Administration, or to producers or harvesters of aquatic products, and make continuing commitments to make such loans under specified circumstances, for a term of not less than 5 nor more than 40 years."
Subsec. (b)(3). Pub. L. 100–399, §401(f)(2), substituted in heading "services" for "assistance" and in subpar. (B) "described in subparagraph (A)" for "herein contained".
Subsec. (b)(4)(A). Pub. L. 100–399, §401(f)(3), substituted "subsection" for "section".