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12 U.S.C. § 2077 — Other services
Federal law — U.S. Code and appendices · legal_authorities
Each production credit association may provide technical assistance to borrowers, applicants, and members and may make available to them at their option such financial related services appropriate to their on-farm and aquatic operations as is determined feasible by the board of directors of each Farm Credit Bank, under regulations prescribed by the Farm Credit Administration.
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Source location: Title 12, Chapter 23, § 2077; chapter-023-farm-credit-system.md
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Each production credit association may provide technical assistance to borrowers, applicants, and members and may make available to them at their option such financial related services appropriate to their on-farm and aquatic operations as is determined feasible by the board of directors of each Farm Credit Bank, under regulations prescribed by the Farm Credit Administration.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act July 17, 1916, ch. 245, title II, § 206(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1457; amended Mar. 4, 1925, ch. 524, § 1, 43 Stat. 1262; May 19, 1932, ch. 191, § 3, 47 Stat. 1459; Aug. 19, 1937, ch. 704, § 30, 50 Stat. 715; July 26, 1956, ch. 741, title I, § 103, 70 Stat. 662; Oct. 4, 1965, Pub. L. 89–237, § 1(d), 79 Stat. 923; June 18, 1968, Pub. L. 90–345, § 1(c), 82 Stat. 183, provided for application of net earnings of intermediate credit banks. See [section 2077 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2077&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1121 to 1128
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Federal law — U.S. Code and appendices · legal_authorities
Except with regard to stock or participation certificates held by other Farm Credit System institutions, each production credit association shall have a first lien on stock and participation certificates the association issues, on allocated surplus, and on investments in equity reserve, for any indebtedness of the holder of the capital investments and, in the case of equity reserves, for charges for association losses in excess of reserves and surpluses.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2091
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall modify delinquent farmer program loans made or insured under this chapter, or purchased from the lender or the Federal Deposit Insurance Corporation under [section 1929b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1929b&num=0&edition=prelim), to the maximum extent possible—
(1) to avoid losses to the Secretary on such loans, with priority consideration being placed on writing-down the loan principal and interest (subject to subsections (d) and (e)), and debt set-aside (subject to subsection (e)), whenever these procedures would facilitate keeping the borrower on the farm or ranch, or otherwise through the use of primary loan service programs as provided in this section; and
(2) to ensure that borrowers are able to continue farming or ranching operations.
**(b) Eligibility** To be eligible to obtain assistance under subsection (a)—
(1) the delinquency must be due to circumstances beyond the control of the borrower, as defined in regulations issued by the Secretary, except that the regulations shall require that, if the value of the assets calculated under subsection (c)(2)(A)(ii) that may be realized through liquidation or other methods would produce enough income to make the delinquent loan current, the borrower shall not be eligible for assistance under subsection (a);
(2) the borrower must have acted in good faith with the Secretary in connection with the loan as defined in regulations issued by the Secretary;
(3) the borrower must present a preliminary plan to the Secretary that contains reasonable assumptions that demonstrate that the borrower will be able to—
(A) meet the necessary family living and farm operating expenses; and
(B) service all debts, including those of
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 2001a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1305
TITLE 12—BANKS AND BANKING
§ 2077
15 percent of the total of all outstanding loans of all as-
sociations in the district at the end of its preceding fis-
cal year’’ for ‘‘at least 20 percent, or such larger per-
cent as is required by the supervising bank under regu-
lations of the Farm Credit Administration, of the total
processing or marketing for which financing is ex-
tended’’.
1988—Subsec. (b)(1). Pub. L. 100–399, § 401(p), sub-
stituted ‘‘this part’’ for ‘‘this subchapter’’ and sub-
stituted ‘‘or planned’’ for ‘‘planned’’.
Subsec. (d). Pub. L. 100–399, § 401(q), added subsec. (d).
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.
§ 2076. Other services
Each production credit association may pro-
vide technical assistance to borrowers, appli-
cants, and members and may make available to
them at their option such financial related serv-
ices appropriate to their on-farm and aquatic
operations as is determined feasible by the
board of directors of each Farm Credit Bank,
under regulations prescribed by the Farm Credit
Administration.
(Pub. L. 92–181, title II, § 2.5, as added Pub. L.
100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1633.)
Editorial Notes
PRIOR PROVISIONS
A prior section 2076, Pub. L. 92–181, title II, § 2.5, Dec.
10, 1971, 85 Stat. 595; Pub. L. 96–592, title II, § 205, Dec.
24, 1980, 94 Stat. 3442; Pub
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2077
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