7 U.S.C. § 2006c — Supervised credit

Page 1174 TITLE 7—AGRICULTURE § 2006c 1 See References in Text note below. of a borrower in meeting the goals for the farm or ranch operation. (2) Contracts The Secretary may contract with an entity that is eligible to provide borrower training under section 2006a(b) of this title to conduct loan reviews under paragraph (1). (3) Problem assessments If a borrower is delinquent in payments on a direct or guaranteed loan made under this chapter, the Secretary or the contracting enti- ty shall determine the cause of, and action necessary to correct, the delinquency. (e) Guidelines The Secretary shall issue regulations pro- viding guidelines for loan assessments con- ducted under this section. (Pub. L. 87–128, title III, § 360, as added Pub. L. 101–624, title XVIII, § 1819, Nov. 28, 1990, 104 Stat. 3830; amended Pub. L. 107–171, title V, §§ 5317, 5318, May 13, 2002, 116 Stat. 348.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in subsecs. (a), (b)(5), and (d)(1), (3), 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 com- plete classification of title III to the Code, see Short Title note set out under section 1921 of this title and Tables. AMENDMENTS 2002—Subsec. (a). Pub. L. 107–171, § 5317, substituted ‘‘The Secretary’’ for ‘‘After an applicant is determined eligible for assistance under this chapter by the appro- priate county committee established pursuant to sec- tion 1982 of this title, the Secretary’’. Subsec. (d)(1). Pub. L. 107–171, § 5318, substituted ‘‘an- nual review’’ for ‘‘biannual review’’. § 2006c. Supervised credit The Secretary shall provide adequate training to employees of the Farmers Home Administra- tion on credit analysis and financial and farm management to— (1) better acquaint the employees with what constitutes adequate financial data on which to base a direct or guaranteed loan approval decision; and (2) ensure proper supervision of farmer pro- gram loans. (Pub. L. 87–128, title III, § 361, as added Pub. L. 101–624, title XVIII, § 1820, Nov. 28, 1990, 104 Stat. 3830.) § 2006d. Market placement The Secretary shall establish a market place- ment program for qualified beginning farmers and ranchers and other borrowers of farmer pro- gram loans that the Secretary believes have a reasonable chance of qualifying for commercial credit with a guarantee provided under this chapter. (Pub. L. 87–128, title III, § 362, as added Pub. L. 101–624, title XVIII, § 1821, Nov. 28, 1990, 104 Stat. 3831.) 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. § 2006e. Prohibition on use of loans for certain purposes The Secretary shall not approve any loan under this chapter to drain, dredge, fill, level, or otherwise manipulate a wetland (as defined in section 3801(a)(16) 1 of title 16), or to engage in any activity that results in impairing or reduc- ing the flow, circulation, or reach of water, ex- cept in the case of activity related to the main- tenance of previously converted wetlands, or in the case of such activity that is already com- menced before November 28, 1990. This section shall not apply to a loan made or guaranteed under this chapter for a utility line. (Pub. L. 87–128, title III, § 363, as added Pub. L. 101–624, title XVIII, § 1824, Nov. 28, 1990, 104 Stat. 3831; amended Pub. L. 102–237, title V, § 501(i), Dec. 13, 1991, 105 Stat. 1868; Pub. L. 104–127, title VII, § 751, Apr. 4, 1996, 110 Stat. 1129.) 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. Section 3801(a) of title 16, referred to in text, was sub- sequently amended, and section 3801(a)(16) no longer de- fines the term ‘‘wetland’’. However, such term is de- fined elsewhere in that section. AMENDMENTS 1996—Pub. L. 104–127 inserted at end ‘‘This section shall not apply to a loan made or guaranteed under this chapter for a utility line.’’ 1991—Pub. L. 102–237 inserted a closing parenthesis after ‘‘3801(a)(16) of title 16’’ and substituted ‘‘before November 28, 1990’’ for ‘‘prior to the date of enactment of this section’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1991 AMENDMENT Amendment by Pub. L. 102–237 effective as if included in the provision of the Food, Agriculture, Conservation, and Trade Act of 1990, Pub. L. 101–624, to which the amendment relates, see section 1101(b)(3) of Pub. L. 102–237, set out as a note under section 1421 of this title. § 2006f. Rural development certified lenders pro- gram (a) Certified lenders program (1) In general The Secretary may establish a program under which the Secretary may guarantee a loan for any rural development program that is made by a lender certified by the Secretary.