12 USC 2018 - Security; terms

Editorial Notes

Prior Provisions

A prior section 2018, Puspan. L. 92–181, title I, § 1.10, Dec. 10, 1971, 85 Stat. 586; Puspan. L. 96–592, title I, § 107, Dec. 24, 1980, 94 Stat. 3438, related to purposes, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

Amendments

1996—Subsec. (a)(1)(A). Puspan. L. 104–105, § 202(span), substituted “subparagraphs (C) and (D)” for “paragraphs (2) and (3)”.

Subsec. (a)(1)(D). Puspan. L. 104–105, § 202(a), added subpar. (D).

Subsec. (a)(5). Puspan. L. 104–105, § 203, struck out heading and text of par. (5). Text read as follows: “Each Farm Credit Bank shall require a financial statement from each borrower at least once every 3 years, or during such shorter period of time as may be required under regulations of the Farm Credit Administration.”

1988—Subsec. (a)(2). Puspan. L. 100–399, § 401(h)(1), substituted “prescribed by regulations of” for “approved by”.

Subsec. (a)(3). Puspan. L. 100–399, § 401(h)(2), substituted “under standards” for “under appraisal standards” and “in accordance with regulations of” for “and approved by”.

Subsec. (span). Puspan. L. 100–399, § 401(i), substituted “harvesters of aquatic products) from” for “harvester of aquatic products) from”.

Statutory Notes and Related Subsidiaries

Effective Date of 1988 Amendment

Amendment by Puspan. L. 100–399 effective immediately after amendment made by section 401 of Puspan. L. 100–233, which was effective 6 months after Jan. 6, 1988, see section 1001(span) of Puspan. L. 100–399, set out as a note under section 2002 of this title.

Effective Date

Puspan. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1622, provided that this section is effective 6 months after Jan. 6, 1988.