12 U.S.C. § 2016
Interest rates and other charges
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 2016, Interest rates and other charges, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438130
- Permanent ID
ys:prov:438130@1- SHA-256
ddea339212ad3f637c9791f6f1ec4230a5b5e79dcf39ece53738ada1435549b5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Loans and discounts made by a Farm Credit Bank shall bear such rate or rates of interest or discount, and be on such terms and conditions, as may be determined by the board of directors of the bank from time to time.
In setting rates and charges, it shall be the objective to provide the types of credit needed by eligible borrowers at the lowest reasonable costs on a sound business basis taking into consideration the cost of money to the bank, necessary reserve and expenses of the bank and associations, and providing services to members. The loan documents or discounting and financing agreements, may provide for the interest rate or rates to vary from time to time during the repayment period of the loan or agreement.
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Agricultural Credit Act of 1987House: no recorded tallySenate: no recorded tally
- Agricultural Credit Technical Corrections Act of 1988House: no recorded tallySenate: no recorded tally