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12 USC § 86a - Omitted

---
identifier: "/us/usc/t12/s86a"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 86a - Omitted"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "86a"
section_name: "Omitted"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "IV"
subchapter_name: "REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF NATIONAL BANKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
status: "omitted"
---

# § 86a. Omitted

## Editorial Notes

### Codification

Section, , , ; , (d), , , which authorized interest on business or agricultural loans of $1,000 or more at a rate of not more than 5 per centum in excess of the discount rate, was omitted pursuant to  which made these provisions applicable only with respect to such loans made in any State during the period beginning on , and ending on the earlier of (1) , or (2) the date, on or after , on which such State adopts a law or certifies that the voters of such State have voted in favor of any provision, constitutional or otherwise, which states explicitly that such State does not want these provisions to apply with respect to loans made in such State.

A prior section 86a, , , , similar to this section as enacted by , was repealed by , effective at the close of , except that its provisions would continue to apply to any loan made, any deposit made, or any obligation issued in any State during any period when that section was in effect in such State. For the effective date provisions relating to the prior section 86a, see .

Another prior section 86a, , , , identical to this section as enacted by , was repealed by , effective at the close of , except that its provisions would continue to apply to loans made in any State on or after , but prior to such repeal.

, which limited the applicability of  to those States having a constitutional provision that all contracts for a greater rate of interest than 10 per centum per annum are void as to both principal and interest, was repealed by , effective at the close of .