§ 7933 - Term of loans

CHAPTER 106— COMMODITY PROGRAMS › SUBCHAPTER II— MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS

(a) In the case of each loan commodity, a marketing assistance loan under section 7931 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) The Secretary may not extend the term of a marketing assistance loan for any loan commodity.