The law › Title 12, Banks and Banking › Chapter 23
12 U.S.C. 2279aa-8: Standards for qualified loans
Created in 1988 by Public Law 92-181. Changed by 5 later laws. 1 bill in this Congress would change 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
- S. 5526 Agricultural Act of 2026 · reported by committee · would change (a)
How it got here
2018
- Pub. L. 115–334 substituted "2,000" for "1,000". (Agriculture Improvement Act of 2018) Law text · (c)
2008
- Pub. L. 110–246, §5406(c)(1), added pars. (1) and (2), designated last sentence as par. (3) and inserted heading, and struck out former first sentence which read as follows: "Not later than 120 days after the appointment and election of the permanent Board, the Corporation, in consulta… (Food, Conservation, and Energy Act of 2008) Law text · (a)
- Pub. L. 110–246, §5406(c)(2)(A), inserted "with respect to loans secured by agricultural real estate" after "subsection (a)" in introductory provisions. (Food, Conservation, and Energy Act of 2008) Law text · (b)
- Pub. L. 110–246, §5406(c)(2)(B), substituted "ensure that the farmer or rancher" for "ensure that the borrower" and "farm or ranch" for "site". (Food, Conservation, and Energy Act of 2008) Law text · (b)
- Pub. L. 110–246, §5406(c)(3), inserted "secured by agricultural real estate" after "A loan". (Food, Conservation, and Energy Act of 2008) Law text · (c)
- Pub. L. 110–246, §5406(c)(4), (5), redesignated subsec. (e) as (d) and struck out former subsec. (d). Prior to amendment, text read as follows: "No standard prescribed under subsection (a) shall take effect before the later of— (Food, Conservation, and Energy Act of 2008) Law text · (d), (e)
1996
- Pub. L. 104–105 inserted at end "The Board shall promote and encourage the inclusion of qualified loans for small farms and family farmers in the agricultural mortgage secondary market." (Farm Credit System Reform Act of 1996) Law text · (e)
1988
- Pub. L. 100–399 inserted "permanent" after "appointment and election of the". · (a)
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.