U.S Code last checked for updates: Nov 22, 2024
§ 1982.
Relief for mobilized military reservists from certain agricultural loan obligations
(a)
Definition of mobilized military reservist
In this section, the term “mobilized military reservist” means an individual who—
(1)
is on active duty under section 688, 12301(a), 12301(g), 12302, 12304, 12306, or 12406, or chapter 13 of title 10, or any other provision of law during a war or during a national emergency declared by the President or Congress, regardless of the location at which the active duty service is performed; or
(2)
in the case of a member of the National Guard, is on full-time National Guard duty (as defined in section 101(d)(5) of title 10) under a call to active service authorized by the President or the Secretary of Defense for a period of more than 30 consecutive days under section 502(f) of title 32 for purposes of responding to a national emergency declared by the President and supported by Federal funds.
(b)
Forgiveness of interest payments due while borrower is a mobilized military reservist
(c)
Deferral of principal payments due while or after borrower is a mobilized military reservist
(d)
Nonaccrual of interest
(e)
Borrower not considered to be delinquent or receiving debt forgiveness
(Pub. L. 87–128, title III, § 332, as added Pub. L. 108–375, div. A, title VI, § 664, Oct. 28, 2004, 118 Stat. 1974; amended Pub. L. 115–232, div. A, title XII, § 1204(a)(2), Aug. 13, 2018, 132 Stat. 2017.)
cite as: 7 USC 1982