The law › Title 12, Banks and Banking › Chapter 23
12 U.S.C. 2279aa-6: Guarantee of qualified loans
Created in 1988 by Public Law 92-181. Changed by 6 later laws. No bill we track in this Congress changes it.
3 parts of federal rules cite it as their authority, written by Farm Credit Administration (3).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2018
- Pub. L. 115–334, §5411(45)(A), (B), redesignated subsec. (e) as (d) and struck out former subsec. (d) which related to aggregate principal amounts of qualified loans and limits on provision of guarantees during certain years. (Agriculture Improvement Act of 2018) Law text · (d)
- Pub. L. 115–334, §5411(45)(C), substituted "2279aa of this title)" for "2279aa(9) of this title)". (Agriculture Improvement Act of 2018) Law text · (d)
- Pub. L. 115–334, §5411(45)(B), redesignated subsec. (e) as (d). (Agriculture Improvement Act of 2018) Law text · (e)
2008
- Pub. L. 110–246, §5406(b), inserted "applicable" before "standards". (Food, Conservation, and Energy Act of 2008) Law text · (a), (B)
1996
- Pub. L. 104–105, §107(1), designated part of existing text as subpar. (A) and added subpar. (B). (Farm Credit System Reform Act of 1996) Law text · (a)
- Pub. L. 104–105, §108(c)(2), struck out "subject to the provisions of subsection (b) of this section" after "paragraph (1),". (Farm Credit System Reform Act of 1996) Law text · (a)
- Pub. L. 104–105, §§108(a), 109(a)(2), redesignated subsec. (d) as (b) and struck out heading and text of former subsec.(b). Text read as follows: "In the case of any pool referred to in subsection (a) of this section, the Corporation shall— (Farm Credit System Reform Act of 1996) Law text · (b)
- Pub. L. 104–105, §109(b)(4), redesignated pars. (5) and (6) as (4) and (5), respectively, and struck out heading and text of former par. (4). Text read as follows: "The facility shall comply with the standards adopted by the Board under subsection (c) of this section in estab… (Farm Credit System Reform Act of 1996) Law text · (b)
- Pub. L. 104–105, §109(a), redesignated subsec. (e) as (c) and struck out heading and text of former subsec. (c) which related to standards requiring diversified pools, including establishment of minimum criteria for pools of qualified loans, provisions to encourage loans to small farms… (Farm Credit System Reform Act of 1996) Law text · (c)
- Pub. L. 104–105, §109(a)(2), redesignated subsec. (f) as (d). Former subsec. (d) redesignated (b). (Farm Credit System Reform Act of 1996) Law text · (d)
- Pub. L. 104–105, §107(2), redesignated pars. (5) to (7) as (4) to (6), respectively, and struck out heading and text of former par. (4). Text read as follows: "Each loan in the pool shall have been sold to the certified facility without recourse to the originator of such loan… (Farm Credit System Reform Act of 1996) Law text · (d)
- Pub. L. 104–105, §109(a)(2), redesignated subsecs. (f) and (g) as (d) and (e), respectively. Former subsec. (e) redesignated (c). (Farm Credit System Reform Act of 1996) Law text · (e), (f)
- Pub. L. 104–105, §109(a)(2), redesignated subsec. (g) as (e). (Farm Credit System Reform Act of 1996) Law text · (g)
- Pub. L. 104–105, §107(3), substituted "2279aa(9) of this title" for "2279aa(9)(B) of this title". (Farm Credit System Reform Act of 1996) Law text · (g)
1991
- Pub. L. 102–237 added subsec. (g). · (g)
1988
- Pub. L. 100–399, §601(f), substituted "represents interests solely in, or obligations fully backed by, any pool consisting solely of qualified loans which meet the standards established under section 2279aa–8 of this title and which are" for "represents interests in, or obligations … · (a)
- Pub. L. 100–399, §601(g), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: "registration requirements (if any) with respect to such securities; and". · (e)
- Pub. L. 100–399, §601(h), substituted "date of the enactment" for "effective date", both of which for purposes of codification were translated as "January 6, 1988,". · (f)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.