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7 U.S.C. § 912

Extension of time for repayment of loans

United States · Title 7 — AGRICULTURE · Status: effective

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7 U.S.C. § 912, Extension of time for repayment of loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429150
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The Secretary is authorized and empowered to extend the time of payment of interest or principal of any loans made by the Secretary pursuant to this chapter, except that, with respect to any loan made under section 904 or 922 of this title, the payment of interest or principal shall not be extended more than five years after such payment shall have become due. The Secretary shall allow borrowers to defer payment of principal and interest on any direct loan made under this chapter to enable the borrower to make loans to residential, commercial, and industrial consumers— The total amount of a deferment under this subsection shall not exceed the sum of the principal and interest on the loans made to a customer of the borrower, as determined by the Secretary. The term of a deferment under this subsection shall not exceed 60 months.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.