Browse Arkansas Code titles and sections
12 U.S.C. § 2018 — Interest rates and other charges
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Loans and discounts made by a Farm Credit Bank shall bear such rate or rates of interest or discount, and be on such terms and conditions, as may be determined by the board of directors of the bank from time to time.
**(b) Setting rates and charges** In setting rates and charges, it shall be the objective to provide the types of credit needed by eligible borrowers at the lowest reasonable costs on a sound business basis taking into consideration the cost of money to the bank, necessary reserve and expenses of the bank and associations, and providing services to members. The loan documents or discounting and financing agreements, may provide for the interest rate or rates to vary from time to time during the repayment period of the loan or agreement.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2018
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: e2df70d869c9f5fd320aa89bfa7376ea99f382a732d55f73323dd4c1822dc5eb. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_12f65cd128e98636d631bd19
Source file: Laws/federal/codes/united-states-code/title-12/section-2018-interest-rates-and-other-charges--d4e2844c1b.md
Pages: Not recorded – Not recorded
Passage SHA-256: 5b258408c3bb1eee01c252578585227eccc8855444513a604f1ee54f734e5fd5
Source location: Title 12, Chapter 23, § 2018; chapter-023-farm-credit-system.md
Stored source content
**(a) In general** Loans and discounts made by a Farm Credit Bank shall bear such rate or rates of interest or discount, and be on such terms and conditions, as may be determined by the board of directors of the bank from time to time.
**(b) Setting rates and charges** In setting rates and charges, it shall be the objective to provide the types of credit needed by eligible borrowers at the lowest reasonable costs on a sound business basis taking into consideration the cost of money to the bank, necessary reserve and expenses of the bank and associations, and providing services to members. The loan documents or discounting and financing agreements, may provide for the interest rate or rates to vary from time to time during the repayment period of the loan or agreement.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Voluntary liquidation** The Corporation may voluntarily liquidate only with the consent of, and in accordance with a plan of liquidation approved by, the Farm Credit Administration Board.
**(b) Involuntary liquidation**
(1) **In general** — The Farm Credit Administration Board may appoint a conservator or receiver for the Corporation under the circumstances specified in [section 2183(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2183/b&num=0&edition=prelim).
(2) **Application** — In applying [section 2183(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2183/b&num=0&edition=prelim) to the Corporation under paragraph (1)—
(A) the Corporation shall also be considered insolvent if the Corporation is unable to pay its debts as they fall due in the ordinary course of business;
(B) a conservator may also be appointed for the Corporation if the authority of the Corporation to purchase qualified loans or issue or guarantee loan-backed securities is suspended; and
(C) a receiver may also be appointed for the Corporation if—
(i)
(I) the authority of the Corporation to purchase qualified loans or issue or guarantee loan-backed securities is suspended; or
(II) the Corporation is classified under [section 2279bb–4 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2279bb-4&num=0&edition=prelim) as within level III or IV and the alternative actions available under part B are not satisfactory; and
(ii) the Farm Credit Administration determines that the appointment of a conservator would not be appropriate.
(3) **No effect on supervisory actions** — The grounds for appointment of a conservator for the Corporation
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2002
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1296
TITLE 12—BANKS AND BANKING
§ 2016
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1988 AMENDMENT
Amendment by Pub. L. 100–399 effective immediately
after amendment made by section 401 of Pub. L. 100–233,
which was effective 6 months after Jan. 6, 1988, see sec-
tion 1001(b) of Pub. L. 100–399, set out as a note under
section 2002 of this title.
EFFECTIVE DATE
Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat.
1622, provided that this section is effective 6 months
after Jan. 6, 1988.
§ 2016. Interest rates and other charges
(a) In general
Loans and discounts made by a Farm Credit
Bank shall bear such rate or rates of interest or
discount, and be on such terms and conditions,
as may be determined by the board of directors
of the bank from time to time.
(b) Setting rates and charges
In setting rates and charges, it shall be the ob-
jective to provide the types of credit needed by
eligible borrowers at the lowest reasonable costs
on a sound business basis taking into consider-
ation the cost of money to the bank, necessary
reserve and expenses of the bank and associa-
tions, and providing services to members. The
loan documents or discounting and financing
agreements, may provide for the interest rate or
rates to vary from time to time during the re-
payment period of the loan or agreement.
(Pub. L. 92–181, title I, § 1.8, as added Pub. L.
100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1626;
amended Pub. L. 100–399, title IV, § 401(g), Aug.
17, 1988, 102 Stat. 996.)
Editorial Notes
PRIOR PROVISIONS
A prior section 2016, Pub. L. 92–181, title I, § 1.8, Dec.
10, 1971, 85 Stat. 586; Pub. L. 96–592, title I, § 105, Dec. 24,
1980, 94 Stat. 3438, related to eligibility, prior to the
general amendment of this subchapt
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2018
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.