---
kind: "section"
citation: "12 U.S.C. § 2219b"
title: "12"
title_heading: "Banks and Banking"
number: "2219b"
heading: "Application of uninsured accounts"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2219b"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter IV — Provisions Applicable to Two or More Classes of Institutions of the System"
  - "Part G — Miscellaneous"
---

# §2219b. Application of uninsured accounts

- (a) **In general—** Money of a borrower held by a Farm [Credit](/usc/12/5481.md?p=7) [System institution](/usc/12/2271.md?p=3) in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm [Credit](/usc/12/5481.md?p=7) Administration (as in effect immediately before January 6, 1988), including all such other accounts known as “advanced payment accounts” or “future prepayment accounts” shall, in the event the [institution](/usc/12/2271.md?p=3) is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower.
- (b) **Regulations—** The Farm [Credit](/usc/12/5481.md?p=7) 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.)

## Notes

### Editorial Notes

### Codification

Another section 4.37 of Pub. L. 92–181 was renumbered section 4.38 and is classified to section 2219c of this title.