7 USC § 928 - Prompt processing of telephone loans

---
identifier: "/us/usc/t7/s928"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 928 - Prompt processing of telephone loans"
title_number: 7
title_name: "AGRICULTURE"
section_number: "928"
section_name: "Prompt processing of telephone loans"
chapter_number: 31
chapter_name: "RURAL ELECTRIFICATION AND TELEPHONE SERVICE"
subchapter_number: "II"
subchapter_name: "RURAL TELEPHONE SERVICE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(May 20, 1936, ch. 432, title II, § 207, as added Pub. L. 101–624, title XXIII, § 2358, Nov. 28, 1990, 104 Stat. 4041; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(6), Dec. 20, 2018, 132 Stat. 4776.)"
---


# § 928. Prompt processing of telephone loans

Within ten days after the end of the second and fourth calendar quarters of each year, the Secretary shall submit to the Committee on Agriculture and the Committee on Appropriations of the House of Representatives, and to the Committee on Agriculture, Nutrition, and Forestry and the Committee on Appropriations of the Senate, a report—

**(1)** identifying each completed application for a telephone loan under section 935 of this title or a guarantee of a telephone loan under section 936 of this title that has not been finally acted upon within ninety days after the date the completed application is submitted; and

**(2)** stating the reasons for the failure to finally act upon the completed applications within such ninety-day period.

---

**Source Credit**: (May 20, 1936, ch. 432, title II, § 207, as added Pub. L. 101–624, title XXIII, § 2358, Nov. 28, 1990, 104 Stat. 4041; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(6), Dec. 20, 2018, 132 Stat. 4776.)

## Editorial Notes

### Amendments

2018—Par. (1).  substituted “935 of this title or” for “935 of this title,” and struck out “, or a loan under ,” after “a telephone loan under ”.

1994— substituted “Secretary” for “Administrator”.