7 USC § 7233 - Term of loans

---
identifier: "/us/usc/t7/s7233"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 7233 - Term of loans"
title_number: 7
title_name: "AGRICULTURE"
section_number: "7233"
section_name: "Term of loans"
chapter_number: 100
chapter_name: "AGRICULTURAL MARKET TRANSITION"
subchapter_number: "III"
subchapter_name: "NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 104–127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)"
---


# § 7233. Term of loans

**(a)** **Term of loan** section 7231 of this title

In the case of each loan commodity (other than upland cotton or extra long staple cotton), a marketing assistance loan under  shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.

**(b)** **Special rule for cotton** A marketing assistance loan for upland cotton or extra long staple cotton shall have a term of 10 months beginning on the first day of the month in which the loan is made.

**(c)** **Extensions prohibited** The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

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**Source Credit**: (Pub. L. 104–127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)