(a) Term of loanIn the case of each loan commodity, a marketing assistance loan under section 9031 of this title 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 prohibitedThe Secretary may not extend the term of a marketing assistance loan for any loan commodity.
Structure US Code
CHAPTER 115— AGRICULTURAL COMMODITY POLICY AND PROGRAMS
SUBCHAPTER II— MARKETING LOANS
§ 9031. Availability of nonrecourse marketing assistance loans for loan commodities
§ 9032. Loan rates for nonrecourse marketing assistance loans
§ 9035. Loan deficiency payments
§ 9036. Payments in lieu of loan deficiency payments for grazed acreage
§ 9037. Special marketing loan provisions for upland cotton
§ 9038. Special competitive provisions for extra long staple cotton
§ 9039. Availability of recourse loans for high moisture feed grains and seed cotton