7 U.S.C. 1935: Down payment loan program

2018

• Pub. L. 115–334, §12306(c)(1), substituted "eligible farmers or ranchers" for "qualified beginning farmers or ranchers and socially disadvantaged farmers or ranchers". (Agriculture Improvement Act of 2018) Law text · (a)
• Pub. L. 115–334, §12306(c)(2)(A), substituted "farmers or ranchers" for "recipients of the loans". (Agriculture Improvement Act of 2018) Law text · (d)
• Pub. L. 115–334, §12306(c)(2)(B), added par. (3) and struck out former par. (3) which read as follows: "encourage retiring farmers and ranchers to assist in the sale of their farms and ranches to qualified beginning farmers and ranchers and socially disadvantaged farmers or ranchers… (Agriculture Improvement Act of 2018) Law text · (d)
• Pub. L. 115–334, §12306(c)(2)(C), substituted "for—" for "for beginning farmers or ranchers or socially disadvantaged farmers or ranchers", added subpars. (A) and (B) and subpar. (C) designation, and inserted "veteran farmers or ranchers, as defined in section 2279(a) of this title;… (Agriculture Improvement Act of 2018) Law text · (d)
• Pub. L. 115–334, §12306(c)(2)(D), substituted "an eligible farmer or rancher" for "a qualified beginning farmer or rancher or socially disadvantaged farmer or rancher". (Agriculture Improvement Act of 2018) Law text · (d)
• Pub. L. 115–334, §12306(c)(3), added subsec. (e) and struck out former subsec. (e). Prior to amendment, text read as follows: "In this section, the term 'socially disadvantaged farmer or rancher' has the meaning given that term in section 2003(e)(2) of this title." (Agriculture Improvement Act of 2018) Law text · (e)

2014

• Pub. L. 113–79, §5005(a), substituted "$667,000" for "$500,000". (Agricultural Act of 2014) Law text · (b)
• Pub. L. 113–79, §5005(b), struck out second par. (2) which read as follows: "The interest rate on any loan made by the Secretary under this section shall be 4 percent." (Agricultural Act of 2014) Law text · (b)

2008

• Pub. L. 110–246, §5004(1), substituted "or ranchers and socially disadvantaged farmers or ranchers" for "and ranchers". (Food, Conservation, and Energy Act of 2008) Law text · (a)
• Pub. L. 110–246, §5004(2)(A), added par. (1) and par. (2) consisting of subpars. (A) and (B) and struck out former par. (1). Prior to amendment, text of par. (1) read as follows: "Each loan made under this section shall be in an amount equal to 40 percent of the purchase price … (Food, Conservation, and Energy Act of 2008) Law text · (b), (2)
• Pub. L. 110–246, §5004(2)(B), substituted "20" for "15". (Food, Conservation, and Energy Act of 2008) Law text · (b)
• Pub. L. 110–246, §5004(3)(A), substituted "5" for "10". (Food, Conservation, and Energy Act of 2008) Law text · (c)
• Pub. L. 110–246, §5004(3)(B), (C), redesignated par. (3) as (2), in subpar. (B), substituted "20-year" for "15-year", and struck out former par. (2). Prior to amendment, text read as follows: "The Secretary shall not make a loan under this section with respect to a farm or ranc… (Food, Conservation, and Energy Act of 2008) Law text · (c), (3)
• Pub. L. 110–246, §5004(4)(A)(ii), struck out "and" at end. (Food, Conservation, and Energy Act of 2008) Law text · (d)
• Pub. L. 110–246, §5004(4)(A)(i), which directed the insertion of "and socially disadvantaged farmers or ranchers" after "ranchers", was executed by making the insertion after "ranchers" the second place it appeared to reflect the probable intent of Congress. (Food, Conservation, and Energy Act of 2008) Law text · (d)
• Pub. L. 110–246, §5004(4)(B), substituted "or ranchers or socially disadvantaged farmers or ranchers; and" for "and ranchers." (Food, Conservation, and Energy Act of 2008) Law text · (d)
• Pub. L. 110–246, §5004(4)(C), added par. (5). (Food, Conservation, and Energy Act of 2008) Law text · (d)
• Pub. L. 110–246, §5004(5), added subsec. (e). (Food, Conservation, and Energy Act of 2008) Law text · (e)

2002

• Pub. L. 107–171, §5005(1)(A), substituted "40 percent" for "30 percent". (Farm Security and Rural Investment Act of 2002) Law text · (b)
• Pub. L. 107–171, §5005(1)(B), substituted "15 years" for "10 years". (Farm Security and Rural Investment Act of 2002) Law text · (b)
• Pub. L. 107–171, §5005(2), substituted "15-year" for "10-year". (Farm Security and Rural Investment Act of 2002) Law text · (c)