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7 U.S. Code § 7934

Repayment of loans

7 U.S. Code § 7934. Repayment of loans

(a) General ruleThe Secretary shall permit the producers on a farm to repay a marketing assistance loan under section 7931 of this title for a loan commodity (other than upland cotton, rice, extra long staple cotton, and confectionery and each other kind of sunflower seed (other than oil sunflower seed)) at a rate that is the lesser of—
(1)
the loan rate established for the commodity under section 7932 of this title, plus interest (determined in accordance with section 7283 of this title); or
(2) a rate that the Secretary determines will—
(A)
minimize potential loan forfeitures;
(B)
minimize the accumulation of stocks of the commodity by the Federal Government;
(C)
minimize the cost incurred by the Federal Government in storing the commodity;
(D)
allow the commodity produced in the United States to be marketed freely and competitively, both domestically and internationally; and
(E)
minimize discrepancies in marketing loan benefits across State boundaries and across county boundaries.
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