12 USC § 2219b - Application of uninsured accounts

---
identifier: "/us/usc/t12/s2219b"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2219b - Application of uninsured accounts"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2219b"
section_name: "Application of uninsured accounts"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "IV"
subchapter_name: "PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM"
part_number: "G"
part_name: "Miscellaneous"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 92–181, title IV, § 4.37, as added Pub. L. 100–233, title I, § 110, Jan. 6, 1988, 101 Stat. 1585.)"
---


# § 2219b. Application of uninsured accounts

**(a)** **In general** January 6, 1988

Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before ), including all such other accounts known as “advanced payment accounts” or “future prepayment accounts” shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower.

**(b)** **Regulations** The Farm Credit Administration shall promulgate regulations—

**(1)** that define the term “uninsured voluntary or involuntary account”; and

**(2)** to otherwise effectively carry out this section.

---

**Source Credit**: (Pub. L. 92–181, title IV, § 4.37, as added Pub. L. 100–233, title I, § 110, Jan. 6, 1988, 101 Stat. 1585.)

## Editorial Notes

### Codification

Another section 4.37 of  was renumbered section 4.38 and is classified to .