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7 U.S.C. § 2008h — Payment of interest as condition of loan servicing for borrowers
Federal law — U.S. Code and appendices · legal_authorities
The Secretary may not reschedule or reamortize a loan for a borrower under this chapter who has not requested consideration under [section 1981d(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1981d/e&num=0&edition=prelim) unless the borrower pays a portion, as determined by the Secretary, of the interest due on the loan.
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Stable record: federal_law:legal_authorities:record_usc_c8674f7ff77f04390b830136
Source file: Laws/federal/codes/united-states-code/title-7/section-2008h-payment-of-interest-as-condition-of-loan-servicing-for-borrowers--87c018d32f.md
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Source location: Title 7, Chapter 50, § 2008h; chapter-050-agricultural-credit.md
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The Secretary may not reschedule or reamortize a loan for a borrower under this chapter who has not requested consideration under [section 1981d(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1981d/e&num=0&edition=prelim) unless the borrower pays a portion, as determined by the Secretary, of the interest due on the loan.
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Federal law — U.S. Code and appendices · legal_authorities
The Congress finds that the statutory authority of the Secretary of Agriculture, hereinafter referred to in this chapter as the “Secretary,” for making and insuring loans to farmers and ranchers should be revised and consolidated to provide for more effective credit services to farmers.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1922
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 2009ee, Pub. L. 107–171, title VI, § 6301, May 13, 2002, 116 Stat. 421, defined terms.
Section 2009ee–1, Pub. L. 107–171, title VI, § 6302, May 13, 2002, 116 Stat. 422, related to SEARCH grant program. See [section 1926 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1926&num=0&edition=prelim).
Section 2009ee–2, Pub. L. 107–171, title VI, § 6303, May 13, 2002, 116 Stat. 424, related to annual report on projects.
Section 2009ee–3, Pub. L. 107–171, title VI, § 6304, May 13, 2002, 116 Stat. 424, related to funding.
#### Codification
Pub. L. 110–234 and Pub. L. 110–246 repealed this subchapter. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.
#### Effective Date of Repeal
Repeal of this subchapter and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under [section 8701 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section8701&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1921
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definition of mobilized military reservist** In this section, the term “mobilized military reservist” means an individual who—
(1) is on active duty under section 688, 12301(a), 12301(g), 12302, 12304, 12306, or 12406, or chapter 13 of title 10, or any other provision of law during a war or during a national emergency declared by the President or Congress, regardless of the location at which the active duty service is performed; or
(2) in the case of a member of the National Guard, is on full-time National Guard duty (as defined in [section 101(d)(5) of title 10](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section101/d/5&num=0&edition=prelim)) under a call to active service authorized by the President or the Secretary of Defense for a period of more than 30 consecutive days under [section 502(f) of title 32](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title32-section502/f&num=0&edition=prelim) for purposes of responding to a national emergency declared by the President and supported by Federal funds.
**(b) Forgiveness of interest payments due while borrower is a mobilized military reservist** Any requirement that a borrower of a direct loan made under this chapter make any interest payment on the loan that would otherwise be required to be made while the borrower is a mobilized military reservist is rescinded.
**(c) Deferral of principal payments due while or after borrower is a mobilized military reservist** The due date of any payment of principal on a direct loan made to a borrower under this chapter that would otherwise be required to be made while or after the borrower is a mobilized military reservist is deferred for a period equal in length to the period for which the borrower is a mobilized military reservist.
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 1983
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Federal law — U.S. Code and appendices · legal_authorities
Page 1178
TITLE 7—AGRICULTURE
§ 2008g
1 So in original. Probably should be ‘‘chapter’’.
§ 2008g. Payment of interest as condition of loan
servicing for borrowers
The Secretary may not reschedule or reamor-
tize a loan for a borrower under this chapter
who has not requested consideration under sec-
tion 1981d(e) of this title unless the borrower
pays a portion, as determined by the Secretary,
of the interest due on the loan.
(Pub. L. 87–128, title III, § 372, as added Pub. L.
104–127, title VI, § 648(a), Apr. 4, 1996, 110 Stat.
1104.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this title’’, meaning title III of Pub. L. 87–128, Aug. 8,
1961, 75 Stat. 307, known as the Consolidated Farm and
Rural Development Act, which is classified principally
to this chapter. For complete classification of title III
to the Code, see Short Title note set out under section
1921 of this title and Tables.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective 90 days after Apr. 4, 1996, see section
663(b) of Pub. L. 104–127, set out as an Effective Date of
1996 Amendment note under section 1922 of this title.
§ 2008h. Loan and loan servicing limitations
(a) Delinquent borrowers prohibited from ob-
taining direct operating loans
The Secretary may not make a direct oper-
ating loan under subchapter II to a borrower
who is delinquent on any loan made or guaran-
teed under this chapter.
(b) Prohibition of loans for borrowers that have
received debt forgiveness
(1) Prohibitions
Except as provided in paragraph (2)—
(A) the Secretary may not make a loan
under this chapter to a borrower that has re-
ceived debt forgiveness on a loan made or
guaranteed under this chapter; and
(B) the Secretary may not
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 2008h
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