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7 U.S.C. § 7233

Title 7 Chapter 100 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 7233. Term of loans

  • (a) In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under section 7231 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) A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.
  • (c) The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

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