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Current as of January 01, 2024 | Updated by Findlaw Staff
In the case of a loan guaranteed by the Secretary under subchapter I or II to a socially disadvantaged farmer or rancher (as defined in section 2003(e) of this title) or a qualified beginning farmer or rancher, the Secretary may provide for a standard guarantee plan, which shall cover an amount equal to 95 percent of the outstanding principal of the loan.
Cite this article: FindLaw.com - 7 U.S.C. § 2008b - U.S. Code - Unannotated Title 7. Agriculture § 2008b. Socially disadvantaged farmers and ranchers; qualified beginning farmers and ranchers - last updated January 01, 2024 | https://codes.findlaw.com/us/title-7-agriculture/7-usc-sect-2008b/
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