7 USC § 8733 - Term of loans

---
identifier: "/us/usc/t7/s8733"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 8733 - Term of loans"
title_number: 7
title_name: "AGRICULTURE"
section_number: "8733"
section_name: "Term of loans"
chapter_number: 113
chapter_name: "AGRICULTURAL COMMODITY SUPPORT PROGRAMS"
subchapter_number: "II"
subchapter_name: "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. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203, June 18, 2008, 122 Stat. 1664, 1684.)"
---


# § 8733. Term of loans

**(a)** **Term of loan** section 8731 of this title

In the case of each loan commodity, 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)** **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. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203, June 18, 2008, 122 Stat. 1664, 1684.)

## Editorial Notes

### Codification

and  enacted identical sections.  was repealed by .

## Statutory Notes and Related Subsidiaries

### Effective Date

Enactment of this section and repeal of  by  effective , the date of enactment of , see , set out as a note under .