§1934. Low-income farm ownership loan program; eligibility; repayment requirements — Inbound Citations

Citations to 7 U.S.C. § 1934 as a whole

• 7 U.S.C. § 1925(a)

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  (a) The Secretary shall make or insure no loan under sections 1922, 1923, 1924, 1934, and 1935 of this title that would cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of (1) the value of the farm or other security, or (2) in the case of a loan other than a loan guaranteed by the Secretary, $600,000, or, in the case of a loan guaranteed by the Secretary, $1,750,000 (increased, beginning with fiscal year 2019, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II that are guaranteed by the Secretary).
• 7 U.S.C. § 1927(a)(3)(B)

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  (B) Except as provided in subparagraph (D) and in paragraph (6), the interest rate on loans (other than guaranteed loans) under section 1934 of this title shall not be—

  (i) greater than the sum of—

  (I) an amount that does not exceed one-half of the current average market yield on outstanding marketable obligations of the United States with maturities of 5 years; and

  (II) an amount not exceeding 1 percent per year, as the Secretary determines is appropriate; or

  (ii) less than 5 percent per year.
• 7 U.S.C. § 1942(a)(7)

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  (7) training a limited-resource borrower receiving a loan under section 1934 of this title in maintaining records of farming and ranching operations;
• 7 U.S.C. § 1983(3)

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  (3) except for guaranteed loans, require an agreement by the borrower that if at any time it shall appear to the Secretary that the borrower may be able to obtain a loan from a production credit association, a Federal land bank, or other responsible cooperative or private credit source (or, in the case of a borrower under section 1934 of this title, the borrower may be able to obtain a loan under section 1922 of this title), at reasonable rates and terms for loans for similar purposes and periods of time, the borrower will, upon request by the Secretary, apply for and accept such loan in sufficient amount to repay the Secretary or the insured lender, or both, and to pay for any stock necessary to be purchased in a cooperative lending agency in connection with such loan;