---
kind: "section"
citation: "7 U.S.C. § 7933"
title: "7"
title_heading: "Agriculture"
number: "7933"
heading: "Term of loans"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/7933"
units:
  - "Chapter 106 — Commodity Programs"
  - "Subchapter II — Marketing Assistance Loans and Loan Deficiency Payments"
---

# §7933. Term of loans

- (a) **Term of loan—** In the case of each [loan commodity](/usc/7/7901.md?p=8), a marketing assistance loan under [section 7931 of this title](/usc/7/7931.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) **Extensions prohibited—** The [Secretary](/usc/7/7901.md?p=13) may not extend the term of a marketing assistance loan for any [loan commodity](/usc/7/7901.md?p=8).

## Source credit

(Pub. L. 107–171, title I, § 1203, May 13, 2002, 116 Stat. 156.)