7 USC § 1963 - Purpose and extent of loans

---
identifier: "/us/usc/t7/s1963"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 1963 - Purpose and extent of loans"
title_number: 7
title_name: "AGRICULTURE"
section_number: "1963"
section_name: "Purpose and extent of loans"
chapter_number: 50
chapter_name: "AGRICULTURAL CREDIT"
subchapter_number: "III"
subchapter_name: "EMERGENCY 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, § 323, Aug. 8, 1961, 75 Stat. 311; Pub. L. 96–438, § 3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104–127, title VI, § 623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107–171, title V, § 5201(b), May 13, 2002, 116 Stat. 344.)"
---


# § 1963. Purpose and extent of loans

section 1964(a) of this title

Loans may be made or insured under this subchapter for any purpose authorized for loans under subchapter I or II of this chapter and for crop or livestock changes that are necessitated by a quarantine, natural disaster, major disaster, or emergency and that are deemed desirable by the applicant, subject to the limitations on the amounts of loans provided in .

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**Source Credit**: (Pub. L. 87–128, title III, § 323, Aug. 8, 1961, 75 Stat. 311; Pub. L. 96–438, § 3(b)(1), Oct. 13, 1980, 94 Stat. 1873; Pub. L. 104–127, title VI, § 623, Apr. 4, 1996, 110 Stat. 1091; Pub. L. 107–171, title V, § 5201(b), May 13, 2002, 116 Stat. 344.)

## 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.

### Amendments

2002— inserted “quarantine,” before “natural disaster”.

1996— inserted “that are necessitated by a natural disaster, major disaster, or emergency and that are” after “livestock changes”.

1980— substituted provisions relating to the purposes and extent of loans made or insured under this subchapter for provisions limiting loans to amounts certified by the county committee.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1996 Amendment

Amendment by  effective 90 days after , see , set out as a note under .

### Effective Date of 1980 Amendment

Amendment by  effective with respect to loans approved after , except for certain subsequent emergency loans, see , set out as a note under .