Browse Arkansas Code titles and sections
7 U.S.C. § 2006a — Waiver of mediation rights by borrowers
Federal law — U.S. Code and appendices · legal_authorities
The Secretary may not make, insure, or guarantee any farmer program loan to a farm borrower on the condition that the borrower waive any right under the mediation program of any State.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2006a
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: b51b401b25289450cb86c171f892d495b22ae8d2963fc2dc443f40e8670e7a4a. 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_2f328b02ce11deb09121fc27
Source file: Laws/federal/codes/united-states-code/title-7/section-2006a-waiver-of-mediation-rights-by-borrowers--83065d3f9e.md
Pages: Not recorded – Not recorded
Passage SHA-256: 3b2353f4b732b0ec6a18b5f566efbec28ba2c6197afdfda7bcfb2d6e869b611a
Source location: Title 7, Chapter 50, § 2006a; chapter-050-agricultural-credit.md
Stored source content
The Secretary may not make, insure, or guarantee any farmer program loan to a farm borrower on the condition that the borrower waive any right under the mediation program of any State.
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) In general**
(1) **Eligibility requirements** — The Secretary may make and insure loans under this subchapter to farmers and ranchers in the United States, and to farm cooperatives and private domestic corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities as the Secretary considers appropriate, that are controlled by farmers and ranchers and engaged primarily and directly in farming or ranching in the United States, subject to the conditions specified in this section. To be eligible for such loans, applicants who are individuals, or, in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities, individuals holding a majority interest in such entity, must (A) be citizens of the United States, (B) for direct loans only, have either training or farming experience that the Secretary determines is sufficient to assure reasonable prospects of success in the proposed farming operations, taking into consideration all farming experience of the applicant, without regard to any lapse between farming experiences, (C) be or will become operators of not larger than family farms (or in the case of cooperatives, corporations, partnerships, joint operations, trusts, limited liability companies, and such other legal entities in which a majority interest is held by individuals who are related by blood or marriage, as defined by the Secretary, such individuals must be or will become either owners or operators of not larger than a family farm and at least one such individual must be or will become an operator of not larger than a family farm or, in the case of holders of the entire interest who are related by blood or marriage and all of whom are
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1942
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** A direct loan (including a microloan, as defined by the Secretary) may be made under this subchapter only for—
(1) paying the costs incident to reorganizing a farm or ranch for more profitable operation;
(2) purchasing livestock, poultry, or farm or ranch equipment;
(3) purchasing feed, seed, fertilizer, insecticide, or farm or ranch supplies, or to meet other essential farm or ranch operating expenses, including cash rent;
(4) financing land or water development, use, or conservation;
(5) paying loan closing costs;
(6) assisting a farmer or rancher in changing the equipment, facilities, or methods of operation of a farm or ranch to comply with a standard promulgated under [section 655 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section655&num=0&edition=prelim) or a standard adopted by a State under a plan approved under [section 667 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section667&num=0&edition=prelim), if the Secretary determines that without assistance under this paragraph the farmer or rancher is likely to suffer substantial economic injury in complying with the standard;
(7) training a limited-resource borrower receiving a loan under [section 1934 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1934&num=0&edition=prelim) in maintaining records of farming and ranching operations;
(8) training a borrower under [section 2006a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006a&num=0&edition=prelim);
(9) refinancing the indebtedness of a borrower, if the borrower—
(A) has refinanced a loan under this subchapter not more than 4 times previously; and
(B)
(i) is a dire
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1943
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Appointment and compensation of Administrator; transfer of powers, duties, and assets pertaining to agricultural credit** In accordance with [section 2006a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006a&num=0&edition=prelim), for purposes of this chapter, and for the administration of assets under the jurisdiction of the Secretary of Agriculture pursuant to the Farmers Home Administration Act of 1946, as amended, the Bankhead-Jones Farm Tenant Act, as amended, the Act of August 28, 1937, as amended, the Act of April 6, 1949, as amended, the Act of August 31, 1954, as amended, and the powers and duties of the Secretary under any other Act authorizing agricultural credit, the Secretary may assign and transfer such powers, duties, and assets to such officers or agencies of the Department of Agriculture as the Secretary considers appropriate.
**(b) Powers of Secretary of Agriculture** The Secretary may—
(1) administer his powers and duties through such national, area, State, or local offices and employees in the United States as he determines to be necessary and may authorize an office to serve the area composed of two or more States if he determines that the volume of business in the area is not sufficient to justify separate State offices, and until January 1, 1975, make contracts for services incident to making, insuring, collecting, and servicing loans and property as determined by the Secretary to be necessary for carrying out the purposes of this chapter; (and the Secretary shall prior to June 30, 1974, report to the Congress through the President on the experience in using such contracts, together with recommendations for such legislation as he may see fit);
(2) accept and utilize voluntary and uncompensated s
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1981a
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** In making or insuring a farm loan under subchapter I or II, the Secretary shall establish a plan and promulgate regulations (including performance criteria) that promote the goal of transitioning borrowers to private commercial credit and other sources of credit in the shortest period of time practicable.
**(b) Coordination** In carrying out this section, the Secretary shall integrate and coordinate the transition policy described in subsection (a) with—
(1) the borrower training program established by [section 2006a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006a&num=0&edition=prelim);
(2) the loan assessment process established by [section 2006b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006b&num=0&edition=prelim);
(3) the supervised credit requirement established by [section 2006c of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006c&num=0&edition=prelim);
(4) the market placement program established by [section 2006d of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section2006d&num=0&edition=prelim); and
(5) other appropriate programs and authorities, as determined by the Secretary.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1994
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1173
TITLE 7—AGRICULTURE
§ 2006b
§ 2006a. Borrower training
(a) In general
The Secretary shall enter into contracts to
provide educational training to all borrowers of
farmer program direct loans made under this
chapter in financial and farm management con-
cepts associated with commercial farming.
(b) Contract
(1) In general
The Secretary may contract with State or
private providers of farm management and
credit counseling services (including a com-
munity college, the extension service of a
State, a State department of agriculture, or a
nonprofit organization) to carry out this sec-
tion.
(2) Consultation
The Secretary may consult with the chief
executive officer of a State concerning the
identity of the contracting organization and
the process for contracting.
(c) Eligibility for loans
(1) In general
Subject to paragraph (2), to be eligible to ob-
tain a direct loan under this chapter, a bor-
rower must obtain management assistance
under this section, appropriate to the manage-
ment ability of the borrower (as determined
by the appropriate county committee during
the determination of eligibility for the loan).
(2) Loan conditions
The need of a borrower who satisfies the cri-
teria set out in section 1922(a)(1)(B) or
1941(a)(1)(B) of this title for management as-
sistance under this section shall not be cause
for denial of eligibility of the borrower for a
direct loan under this chapter.
(d) Guidelines and curriculum
The Secretary shall issue regulations estab-
lishing guidelines and curriculum for the bor-
rower training program established under this
section.
(e) Payment
A borrower shall pay for training received
under this section, and may use funds from oper-
ating loans made under subchapter II to pay for
the training.
(f
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 2006a
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.