---
kind: "section"
citation: "7 U.S.C. § 8733"
title: "7"
title_heading: "Agriculture"
number: "8733"
heading: "Term of loans"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/7/8733"
units:
  - "Chapter 113 — Agricultural Commodity Support Programs"
  - "Subchapter II — Marketing Assistance Loans and Loan Deficiency Payments"
---

# §8733. Term of loans

- (a) **Term of loan—** In the case of each [loan commodity](/usc/7/8702.md?p=8), a marketing assistance loan under [section 8731 of this title](/usc/7/8731.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/7/499a.md?p=b-2) may not extend the term of a marketing assistance loan for any [loan commodity](/usc/7/8702.md?p=8).

## Source credit

(Pub. L. 110–234, title I, § 1203, May 22, 2008, 122 Stat. 956; Pub. L. 110–246, § 4(a), title I, § 1203, June 18, 2008, 122 Stat. 1664, 1684.)

## Notes

### Editorial Notes

### Codification

Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

### Statutory Notes and Related Subsidiaries

### Effective Date

Enactment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as a note under section 8701 of this title.