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7 U.S.C. 8733: Term of loansText contains those laws in effect through Public Law 119-121 (October 9, 2026).
From Title 7-AGRICULTURECHAPTER 113-AGRICULTURAL COMMODITY SUPPORT PROGRAMS
Jump To: Source CreditEditorial NotesCodificationStatutory Notes and Related SubsidiariesEffective Date

§8733. Term of loans

(a)  Term of loan

In the case of each loan commodity, a marketing assistance loan under section 8731 of this title shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.

(b)  Extensions prohibited

The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

( Pub. L. 110-234, title I, § 1203 , May 22, 2008 , 122 Stat. 956 ; Pub. L. 110-246, § 4(a) , title I, § 1203, June 18, 2008 , 122 Stat. 1664 , 1684.)

Editorial Notes

Codification

Pub. L. 110-234 and Pub. L. 110-246 enacted identical sections. Pub. L. 110-234 was repealed by section 4(a) of Pub. L. 110-246.

Statutory Notes and Related Subsidiaries

Effective Date

Enactment of this section 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 a note under section 8701 of this title.