United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 8. ADJUSTMENT AND CANCELLATION OF FARM LOANS |
§ 1150a. Farm loans to which chapter is applicable
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The provisions of this chapter shall apply to any indebtedness of farmers arising from loans or payments made or credit extended to them under any of the following Acts or programs: (a)
July 1, 1918 (40 Stat. 635);March 3, 1921 (41 Stat. 1347);March 20, 1922 (42 Stat. 467);April 26, 1924 (43 Stat. 110);February 25, 1927 (44 Stat. 1245);February 28, 1927 (44 Stat., part II, 1251);February 25, 1929 (45 Stat. 1306), as amendedMay 17, 1929 (46 Stat. 3);March 3, 1930 (46 Stat. 78–79), as amendedApril 24, 1930 (46 Stat. 254);December 20, 1930 (46 Stat. 1032), as amendedFebruary 14, 1931 (46 Stat. 1160);February 23, 1931 (46 Stat. 1276);January 22, 1932 (47 Stat. 5);March 3, 1932 (47 Stat. 60);February 4, 1933 (47 Stat. 795);February 23, 1934 (48 Stat. 354);June 19, 1934 (48 Stat. 1056);February 20, 1935 (49 Stat. 28);March 21, 1935 (49 Stat. 50);April 8, 1935 (49 Stat. 115); (Executive Order Numbered 7305);January 29, 1937 (50 Stat. 5); andFebruary 4, 1938 (52 Stat. 27); (b) Agricultural Adjustment Act (of 1933); Bankhead Cotton Act ofApril 21, 1934 , on account of the several cotton tax-exemption certificate pools; Jones-Connally Cattle Act ofApril 7, 1934 ; Emergency Appropriation Act, fiscal year 1935, approvedJune 19, 1934 ; Kerr Tobacco Act ofJune 28, 1934 , and Public Resolution Numbered 76, approvedMarch 14, 1936 ; section 32 of the Act of August 24, 1935, and related legislation; Supplemental Appropriation Act, fiscal year 1936; sections 7 to 17 of the Soil Conservation and Domestic Allotment Act; Sugar Act of 1937; sections 303 and 381(a) of the Agricultural Adjustment Act of 1938 and related or subsequent legislation authorizing parity or price adjustment payments; title IV and title V of the Agricultural Adjustment Act of 1938 and related legislation; any amendment to any of the foregoing Acts heretofore and any other Act of Congress heretofore enacted authorizing payments to farmers under programs administered through the Agricultural Adjustment Agency; (c) Loans made by or through the Resettlement Administration of the Farm Security Administration out of funds appropriated or made available by or pursuant to the following Acts;April 8, 1935 (49 Stat. 115);June 22, 1936 (49 Stat. 1608);February 9, 1937 (50 Stat. 8);June 29, 1937 (50 Stat. 352); The Bankhead-Jones Farm Tenant Act,July 22, 1937 (50 Stat. 522 et seq.); the Water Facilities Act ofAugust 28, 1937 (50 Stat. 869 et seq.);March 2, 1938 (52 Stat. 83, Public Resolution Numbered 80);June 21, 1938 (52 Stat. 809);June 30, 1939 (53 Stat. 927);June 26, 1940 (Public Resolution Numbered 88); flood-restoration loans, Second Deficiency Appropriation Act, 1943 (57 Stat. 537, 542); and subsequent legislation appropriating or making available funds for such loans; commodity loan, purchase, sale, and other programs of the Commodity Credit Corporation; and crop-insurance programs formulated pursuant to title V of the Agricultural Adjustment Act of 1938 (the Federal Crop Insurance Act), and any amendment or supplement thereto heretofore or hereafter enacted. This chapter shall also apply to any indebtedness of farmers evidenced by notes or accounts receivable, title to which has been acquired in the liquidation of loans to cooperative associations made under the provisions of the Act ofJune 15, 1929 (46 Stat. 11).
References In Text
Act of
Act of
Act of
Act of
Act of
The Agricultural Adjustment Act (of 1933), referred to in text, probably means title I of act May 12, 1933, ch. 25, 48 Stat. 31, as amended, known as the Agricultural Adjustment Act, which is classified generally to chapter 26 (§ 601 et seq.) of Title 7, Agriculture. For complete classification of this Act to the Code, see Short Title note set out under section 601 of Title 7 and Tables.
The Bankhead Cotton Act of
The Jones-Connally Cattle Act of
Emergency Appropriation Act, fiscal year 1935, approved
The Kerr Tobacco Act of
Section 32 of the Act of August 24, 1935, referred to in text, is classified to section 612c of Title 7.
Supplemental Appropriation Act, fiscal year 1936, referred to in text, is act Feb. 11, 1936, ch. 49, 49 Stat. 1134, provisions of which were formerly classified to chapter 16 (§ 721 et seq.) of Title 15, Commerce and Trade, as legislation supplementary to the Federal Emergency Relief Act of 1933. Such provisions have been eliminated from the Code. For complete classification of this Act to the Code, see Tables.
Sections 7 to 17 of the Soil Conservation and Domestic Allotment Act, referred to in text, are classified to sections 590g, 590h, 590i, and 590j to 590q of Title 16, Conservation. Section 16 of the Act, classified to section 590p of Title 16, was repealed by Pub. L. 104–127, title III, § 336(b)(1),
The Sugar Act of 1937, referred to in text, is act Sept. 1, 1937, ch. 898, 50 Stat. 903, which was formerly classified to chapter 34 (§ 1100 et seq.) of Title 7, Agriculture. The Sugar Act of 1937 expired on
Sections 303 and 381(a) of the Agricultural Adjustment Act of 1938, referred to in text, are classified to sections 1303 and 1381(a), respectively, of Title 7. Section 1381 of Title 7, was omitted from the Code.
The Agricultural Adjustment Act of 1938, referred to in text, is act Feb. 16, 1938, ch. 30, 52 Stat. 31, as amended. Title IV of the Act was formerly classified to subchapter III (§ 1401 et seq.) of chapter 35 of Title 7, and has been eliminated from the Code. Title V of the Act, formerly known as the Federal Crop Insurance Act, is classified generally to chapter 36 (§ 1501 et seq.) of Title 7. For complete classification of these Acts to the Code, see sections 1281 and 1501 of Title 7 and Tables.
Act of
Act of
The Bankhead-Jones Farm Tenant Act, referred to in text, is act July 22, 1937, ch. 517, 50 Stat. 522, as amended, which is classified generally to chapter 33 (§ 1000 et seq.) of Title 7, Agriculture. For complete classification of this Act to the Code, see section 1000 of Title 7 and Tables.
The Water Facilities Act of
Acts of
Act of
The Federal Crop Insurance Act, referred to in text, is subtitle A of title V of act Feb. 16, 1938, ch. 30, 52 Stat. 72, which is classified generally to subchapter I (§ 1501 et seq.) of chapter 36 of Title 7, Agriculture. For complete classification of this Act to the Code, see section 1501 of Title 7 and Tables.
Act of
Transfer Of Functions
Functions of all officers, agencies, and employees of Department of Agriculture transferred, with certain exceptions, to Secretary of Agriculture by Reorg. Plan No. 2, of 1953, § 1, eff.
Functions of Agricultural Adjustment Agency and administration of programs of Commodity Credit Corporation and Federal Crop Insurance Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, § 501, eff.
Farm Security Administration abolished, see note under sections 1001 to 1006 of Title 7, Agriculture.
Miscellaneous
Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer, or entity of, under, or subject to supervision of said Administration excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, eff.