7 U.S.C. § 2008h
Sections in this chapter
- § 1
- § 1a
- § 2
- § 3
- § 4
- § 5
- § 6
- § 7
- § 8
- § 9
- § 10
- § 11
- § 12
- § 13
- § 14
- § 15
- § 16
- § 17
- § 18
- § 1921
- § 1922
- § 1923
- § 1924
- § 1925
- § 1926
- § 1926a
- § 1926b
- § 1926c
- § 1926d
- § 1926e
- § 1926f
- § 1927
- § 1927a
- § 1928
- § 1929
- § 1929a
- § 1929b
- § 1930
- § 1931
- § 1932
- § 1933
- § 1934
- § 1935
- § 1936
- § 1936a
- § 1936b
- § 1936c
- § 1941
- § 1942
- § 1943
- § 1944
- § 1945
- § 1946
- § 1948
- § 1949
- § 1961
- § 1962
- § 1963
- § 1964
- § 1965
- § 1966
- § 1967
- § 1968
- § 1969
- § 1970
- § 1971
- § 1981
- § 1981a
- § 1981b
- § 1981c
- § 1981d
- § 1981e
- § 1981f
- § 1982
- § 1983
- § 1983a
- § 1983b
- § 1983c
- § 1983d
- § 1984
- § 1985
- § 1986
- § 1987
- § 1988
- § 1989
- § 1990
- § 1990a
- § 1991
- § 1992
- § 1993
- § 1994
- § 1995
- § 1996
- § 1997
- § 1998
- § 1999
- § 2000
- § 2001
- § 2001a
- § 2002
- § 2003
- § 2004
- § 2005
- § 2006
- § 2006a
- § 2006b
- § 2006c
- § 2006d
- § 2006e
- § 2006f
- § 2007e
- § 2008
- § 2008a
- § 2008b
- § 2008c
- § 2008d
- § 2008e
- § 2008f
- § 2008g
- § 2008h
- § 2008i
- § 2008j
- § 2008k
- § 2008l
- § 2008m
- § 2008n
- § 2008o
- § 2008p
- § 2008r
- § 2008q
- § 2008s
- § 2008t
- § 2008u
- § 2008v
- § 2008w
- § 2008x
- § 2009
- § 2009a
- § 2009aa
- § 2009b
- § 2009bb
- § 2009c
- § 2009cc
- § 2009d
- § 2009e
- § 2009f
- § 2009g
- § 2009h
- § 2009i
- § 2009j
- § 2009k
- § 2009l
- § 2009m
- § 2009n
§ 2008h. Loan and loan servicing limitations
- (a) The Secretary may not make a direct operating loan under subchapter II to a borrower who is delinquent on any loan made or guaranteed under this chapter.
- (b)
- (1) Except as provided in paragraph (2)—
- (A) the Secretary may not make a loan under this chapter to a borrower that has received debt forgiveness on a loan made or guaranteed under this chapter; and
- (B) the Secretary may not guarantee a loan under this chapter to a borrower that has received—
- (i) debt forgiveness after April 4, 1996 , on a loan made or guaranteed under this chapter; or
- (ii) received debt forgiveness on more than 3 occasions on or before April 4, 1996 .
- (2)
- (A) The Secretary may make a direct or guaranteed farm operating loan for paying annual farm or ranch operating expenses of a borrower who—
- (i) was restructured with a write-down under section 2001 of this title ;
- (ii) is current on payments under a confirmed reorganization plan under chapters 1 1 So in original. Probably should be “chapter”. 11, 12, or 13 of title 11; or
- (iii) received debt forgiveness on not more than 1 occasion resulting directly and primarily from a major disaster or emergency designated by the President on or after April 4, 1996 , under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5121 et seq.).
- (B)
- (i) The Secretary may make an emergency loan under section 1961 of this title to a borrower that—
- (I) on or before April 4, 1996 , received not more than 1 debt forgiveness on a loan made or guaranteed under this chapter; and
- (II) after April 4, 1996 , has not received debt forgiveness on a loan made or guaranteed under this chapter.
- (ii) For purposes of clause (i), a borrower who was restructured with a write-down or restructuring under section 2001 of this title shall not be considered to have received debt forgiveness on a loan made or guaranteed under this chapter.
- (i) The Secretary may make an emergency loan under section 1961 of this title to a borrower that—
- (A) The Secretary may make a direct or guaranteed farm operating loan for paying annual farm or ranch operating expenses of a borrower who—
- (1) Except as provided in paragraph (2)—
- (c) The Secretary may not provide to a borrower debt forgiveness on a direct loan made under this chapter if the borrower has received debt forgiveness on another direct loan made under this chapter.
Change History
No history yet for this section.