7 U.S.C. § 936a
Prepayment of loans
United States · Title 7 — AGRICULTURE · Status: effective
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- Citation
- 7 U.S.C. § 936a, Prepayment of loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429180
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Full text
Except as provided in subsection (c), a borrower of a loan made by the Federal Financing Bank and guaranteed under section 936 of this title may prepay such loan (or any loan advance thereunder) by paying the outstanding principal balance due on the loan (or advance), if—
No sums in addition to the payment of the outstanding principal balance due on the loan may be charged as the result of such prepayment against the borrower, the fund, or the Secretary.
The Secretary shall establish—
Any guarantee of a loan prepaid under this section shall be fully assignable under the provisions of section 936 of this title and transferable. However, the Secretary may require that any such guarantee, if transfered 11 So in original. Probably should be “transferred”. or assigned, be transferred or assigned to a loan or security that, if sold, will be grouped with nonguaranteed loans or securities and sold in a manner to ensure that such sale will not unreasonably compete with the marketing of obligations of the United States.
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.
- Omnibus Budget Reconciliation Act of 1986House: no recorded tallySenate: no recorded tally
- Federal Crop Insurance Reform and Department of Agriculture Reauthorization Act of 1994House: no recorded tallySenate: no recorded tally