12 U.S.C. § 2219b
Application of uninsured accounts
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 2219b, Application of uninsured accounts, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438235
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Full text
Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before January 6, 1988), including all such other accounts known as “advanced payment accounts” or “future prepayment accounts” shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower.
The Farm Credit Administration shall promulgate regulations—
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.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