Section 1981f · Underwriting forms and standards

Amended 1 time on record

Applied in 1 court decisions — leading case 618 F. Supp. 2d 778 - FIRST TENNESSEE BANK NAT. ASS'N v. Johanns (2008)

Most recently applied in 618 F. Supp. 2d 778 - FIRST TENNESSEE BANK NAT. ASS'N v. Johanns (March 2008)

In the administration of this chapter, the Secretary shall, to the extent practicable, use underwriting forms, standards, practices, and terminology similar to the forms, standards, practices, and terminology used by lenders in the private sector.

Editorial notes U.S. Code · Office of the Law Revision Counsel

References in Text

For definition of “this chapter”, referred to in text, see note set out under section 1921 of this title.

Regulations

Section 1808(b) of Pub. L. 101–624 provided that: “The Secretary of Agriculture shall not issue final regulations providing for the use of ratios and standards for determining the degree of potential loan risk under section 331F of the Consolidated Farm and Rural Development Act [7 U.S.C. 1981f] (as added by subsection (a) of this section), prior to the submission of the study and report on the effects of the regulations required by section 621 of the Agricultural Credit Act of 1987 (7 U.S.C. 1989 note).”