§1929b. Purchase of guaranteed portions of loans; terms and conditions; exercise of authorities — Inbound Citations

Citations to 7 U.S.C. § 1929b as a whole

• 7 U.S.C. § 2001(a)

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  (a) The Secretary shall modify delinquent farmer program loans made or insured under this chapter, or purchased from the lender or the Federal Deposit Insurance Corporation under section 1929b of this title, to the maximum extent possible—

  (1) to avoid losses to the Secretary on such loans, with priority consideration being placed on writing-down the loan principal and interest (subject to subsections (d) and (e)), and debt set-aside (subject to subsection (e)), whenever these procedures would facilitate keeping the borrower on the farm or ranch, or otherwise through the use of primary loan service programs as provided in this section; and

  (2) to ensure that borrowers are able to continue farming or ranching operations.