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The law › Title 7, Agriculture › Chapter 31

7 U.S.C. 935: Insured loans; interest rates and lending levels

Created in 1973 by Public Law 93-32. Changed by 6 later laws. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 7 U.S.C. 904, 7 U.S.C. 928, 7 U.S.C. 936b, 7 U.S.C. 940.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2018

    • Pub. L. 115–334, §6602(b)(8)(A), struck out "and a loan under section 948 of this title" after "under this paragraph". (Agriculture Improvement Act of 2018) Law text · (d)
    • Pub. L. 115–334, §6602(b)(8)(B), struck out "and under section 948 of this title" after "under this paragraph" in two places. (Agriculture Improvement Act of 2018) Law text · (d)
    • Pub. L. 115–334, §6602(b)(9), substituted "the Secretary" for "and section 948(b)(4)(C) of this title, the Secretary and the Governor of the telephone bank". (Agriculture Improvement Act of 2018) Law text · (d)

    1994

    • Pub. L. 103–354 substituted "Secretary" for "Administrator" in heading for subsec. (c)(2)(C)(ii)(II) and wherever appearing in text.

    1993

    • Pub. L. 103–129, §2(c)(6)(A), amended section catchline generally.
    • Pub. L. 103–129, §2(c)(6)(A), inserted heading. · (a)
    • Pub. L. 103–129, §2(a)(1)(A), (B), (c)(6)(B), redesignated subsec. (c) as (b), inserted heading, and struck out former subsec. (b) which read as follows: "Insured loans made under this subchapter shall bear interest at 5 per centum per annum, except that the Administrator may make insu… · (b)
    • Pub. L. 103–129, §2(a)(1)(C), added subsec. (c). Former subsec. (c) redesignated (b). · (c)
    • Pub. L. 103–129, §2(a)(1)(A), (C), added subsec. (d) and struck out former subsec. (d) which read as follows: "The Administrator shall make a telephone loan under this subchapter to an applicant therefor who is otherwise qualified to receive such a loan at the highest interest rate (bu… · (d)

    1990

    • Pub. L. 101–624 added subsec. (d). · (d)

    1981

    • Pub. L. 97–35 substituted provisions establishing an interest rate at 5 per centum per annum and a lower rate, but not less than 2 per cent, under the enumerated criteria, for provisions establishing standard and special rates, with special rates applicable under enumerated criteria. · (b)

    1976

    • Pub. L. 94–570 struck out from introductory text "meets either of the following conditions" after "borrower which"; limited par. (1) to the telephone borrowers, substituting provision for an average subscriber density of three or fewer per mile at the end of the most recent calendar ye… · (b)

    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.