---
kind: "section"
citation: "7 U.S.C. § 7233"
title: "7"
title_heading: "Agriculture"
number: "7233"
heading: "Term of loans"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/7233"
units:
  - "Chapter 100 — Agricultural Market Transition"
  - "Subchapter III — Nonrecourse Marketing Assistance Loans and Loan Deficiency Payments"
---

# §7233. Term of loans

- (a) **Term of loan—** In the case of each [loan commodity](/usc/7/7202.md?p=10) (other than upland cotton or [extra long staple cotton](/usc/7/7202.md?p=8)), a marketing assistance loan under [section 7231 of this title](/usc/7/7231.md) shall have a term of 9 months beginning on the first day of the first month after the month in which the loan is made.
- (b) **Special rule for cotton—** A marketing assistance loan for upland cotton or [extra long staple cotton](/usc/7/7202.md?p=8) shall have a term of 10 months beginning on the first day of the month in which the loan is made.
- (c) **Extensions prohibited—** The [Secretary](/usc/7/7202.md?p=13) may not extend the term of a marketing assistance loan for any [loan commodity](/usc/7/7202.md?p=10).

## Source credit

(Pub. L. 104–127, title I, § 133, Apr. 4, 1996, 110 Stat. 907.)