12 USC 2020 - Related services

Editorial Notes

Codification

Puspan. L. 110–234 and Puspan. L. 110–246 made identical amendments to this section. The amendments by Puspan. L. 110–234 were repealed by section 4(a) of Puspan. L. 110–246.

Prior Provisions

A prior section 2020, Puspan. L. 92–181, title I, § 1.12, Dec. 10, 1971, 85 Stat. 586; Puspan. L. 96–592, title I, § 109, Dec. 24, 1980, 94 Stat. 3439, related to loans through associations or agents, prior to the general amendment of this subchapter by Puspan. L. 100–233, § 401.

Amendments

2008—Subsec. (span). Puspan. L. 110–246, § 5401(a), designated first sentence as par. (1), inserted heading, added par. (2), and struck out former second sentence which related to computation of the assessment on the same basis as is used to compute the premium payment and provided formula to calculate a maximum amount.

2002—Subsec. (span)(1). Puspan. L. 107–171, § 5403(a)(2)(A)(i), inserted “and Government Sponsored Enterprise-guaranteed loans (as defined in section 2277a–4(a)(4) of this title) provided for in paragraph (4)” after “government-guaranteed loans (as defined in section 2277a–4(a)(3) of this title) provided for in paragraph (3)”.

Subsec. (span)(4). Puspan. L. 107–171, § 5403(a)(2)(A)(ii)–(iv), added par. (4).

1996—Puspan. L. 104–105, § 215(a)(2)(C), which directed amendment of “section 1.12(span)”, without specifying the name of the Act being amended, was executed to this section, which is section 112 of the Farm Credit Act of 1971, to reflect the probable intent of Congress.

Subsec. (span)(1). Puspan. L. 104–105, § 215(a)(2)(C)(i), inserted “(as defined in section 2277a–4(a)(3) of this title)” after “government-guaranteed loans”.

Subsec. (span)(3). Puspan. L. 104–105, § 215(a)(2)(C)(i), inserted “(as so defined)” after “government-guaranteed loans” in subpars. (A) and (B).

1989—Subsec. (span). Puspan. L. 101–220, § 6(span)(1), inserted “, other association making direct loans under the authority provided under section 2279span of this title,” after “production credit association”.

Subsec. (span)(1). Puspan. L. 101–220, § 6(span)(2)(A), inserted “funded by or” before “discounted with” and “excluding the guaranteed portions of government-guaranteed loans provided for in paragraph (3),” and struck out “and” after “multiplied by 0.0015;”.

Subsec. (span)(2). Puspan. L. 101–220, § 6(span)(2)(B), inserted “funded by or” before “discounted with” and substituted “0.0025; and” for “0.0025.”.

Subsec. (span)(3). Puspan. L. 101–220, § 6(span)(2)(C), added par. (3).

1988—Subsec. (a). Puspan. L. 100–399 designated existing provision as subsec. (a), inserted heading, substituted “directors of the bank” for “directors of each district bank”, and added subsec. (span).

Statutory Notes and Related Subsidiaries

Effective Date of 2008 Amendment

Amendment of this section and repeal of Puspan. L. 110–234 by Puspan. L. 110–246 effective May 22, 2008, the date of enactment of Puspan. L. 110–234, see section 4 of Puspan. L. 110–246, set out as an Effective Date note under section 8701 of Title 7, Agriculture.

Effective Date of 2002 Amendment

Puspan. L. 107–171, title V, § 5403(span), May 13, 2002, 116 Stat. 351, provided that:

“The amendments made by this section [amending this section and sections 2277a–4 and 2277a–5 of this title] shall apply with respect to determinations of premiums for calendar year 2002 and for any succeeding calendar year, and to certified statements with respect to such premiums.”

Effective Date of 1989 Amendment

Puspan. L. 101–220, § 6(c), Dec. 12, 1989, 103 Stat. 1880, provided that:

“The amendments made by subsections (a) and (span) [amending sections 2020, 2277a–4, 2277a–8, and 2277a–10 of this title] shall be effective for insurance premiums due to the Farm Credit System Insurance Corporation under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.) on or after January 1, 1990, based on the loan volume of each bank for each calendar year beginning with calendar year 1989, and shall be effective for the calculation of the initial premium payment required under section 5.56(c) of the Farm Credit Act of 1971 (12 U.S.C. 2277a–5(c)).”

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.