7 USC § 1929b - Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities

---
identifier: "/us/usc/t7/s1929b"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 1929b - Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities"
title_number: 7
title_name: "AGRICULTURE"
section_number: "1929b"
section_name: "Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities"
chapter_number: 50
chapter_name: "AGRICULTURAL CREDIT"
subchapter_number: "I"
subchapter_name: "REAL ESTATE LOANS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 87–128, title III, § 309B, as added Pub. L. 95–334, title I, § 111, Aug. 4, 1978, 92 Stat. 424.)"
---


# § 1929b. Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities

*Provided*section 1929a(a) of this title

The Secretary may purchase, on such terms and conditions as the Secretary deems appropriate, the guaranteed portion of any loan guaranteed under this chapter: , That the Secretary may not pay for any such guaranteed portion of a loan in excess of an amount equal to the unpaid principal balance and accrued interest on the guaranteed portion of the loan. The Secretary may use for such purchases funds from the Rural Development Insurance Fund with respect to rural development loans as defined in  and funds from the Agricultural Credit Insurance Fund with respect to all other loans under this chapter. This authority may be exercised only if the Secretary determines that an adequate secondary market is not available in the private sector.

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**Source Credit**: (Pub. L. 87–128, title III, § 309B, as added Pub. L. 95–334, title I, § 111, Aug. 4, 1978, 92 Stat. 424.)

## Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “this title”, meaning title III of , , , known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out under  and Tables.