US Code

Public Law 119-73 (01/23/2026)

7 U.S.C. § 1993

Transition to private commercial or other sources of credit

(a)

In general

In making or insuring a farm loan under subchapter I or II, the Secretary shall establish a plan and promulgate regulations (including performance criteria) that promote the goal of transitioning borrowers to private commercial credit and other sources of credit in the shortest period of time practicable.

(b)

Coordination

In carrying out this section, the Secretary shall integrate and coordinate the transition policy described in subsection (a) with—
(1)
section 2006a of this title the borrower training program established by ;
(2)
section 2006b of this title the loan assessment process established by ;
(3)
section 2006c of this title the supervised credit requirement established by ;
(4)
section 2006d of this title the market placement program established by ; and
(5)
other appropriate programs and authorities, as determined by the Secretary.

Pub. L. 87–128, title III, § 345Pub. L. 110–234, title V, § 5304122 Stat. 1153Pub. L. 110–246, § 4(a)122 Stat. 1664(, as added , , , and , title V, § 5304, , , 1914.)

Editorial Notes

Codification

Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246 and enacted identical sections. was repealed by .

Prior Provisions

Pub. L. 87–128, title III, § 345Pub. L. 94–68, § 989 Stat. 382Pub. L. 103–437, § 4(a)(7)108 Stat. 4582Pub. L. 104–127, title VII, § 750110 Stat. 1129A prior section 1993, , as added , , ; amended , , , related to testimony by Secretary of Agriculture before congressional committees, prior to repeal by , , .

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4 of Pub. L. 110–246section 8701 of this titleEnactment of this section and repeal of by effective , the date of enactment of , see , set out as a note under .