7 U.S.C. § 8733

Term of loans

(a) Term of loan

In the case of each loan commodity, a marketing assistance loan under section 8731 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 prohibited

The Secretary may not extend the term of a marketing assistance loan for any loan commodity.

( 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.)