U.S Code last checked for updates: Jul 28, 2025
§ 2279aa.
Definitions
For purposes of this subchapter:
(1)
Agricultural real estate
The term “agricultural real estate” means—
(A)
a parcel or parcels of land, or a building or structure affixed to the parcel or parcels, that—
(i)
is used for the production of one or more agricultural commodities or products; and
(ii)
consists of a minimum acreage or is used in producing minimum annual receipts, as determined by the Corporation; or
(B)
a principal residence that is a single family, moderate-priced residential dwelling located in a rural area, excluding—
(i)
any community having a population in excess of 2,500 inhabitants; and
(ii)
any dwelling, excluding the land to which the dwelling is affixed, with a value exceeding $100,000 (as adjusted for inflation).
(2)
Board
(3)
Certified facility
The term “certified facility” means—
(A)
an agricultural mortgage marketing facility that is certified under
(i)
subsections (b) and (c) of section 2279aa–6 of this title, and sections 2279aa–8 and 2279aa–9 of this title, shall not apply to the portion of a loan guaranteed by the Secretary or to an obligation, pool, or security representing an interest in or obligation backed by a pool of obligations relating to the portion of a loan guaranteed by the Secretary; and
(ii)
the portion of a loan guaranteed by the Secretary shall be considered to meet all standards for qualified loans for all purposes under this chapter; or
(C)
that is a loan, or an interest in a loan, for an electric or telephone facility by a cooperative lender to a borrower that has received, or is eligible to receive, a loan under the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.).
(8)
State
(Pub. L. 92–181, title VIII, § 8.0, as added Pub. L. 100–233, title VII, § 702, Jan. 6, 1988, 101 Stat. 1686; amended Pub. L. 100–399, title VI, § 601(a), Aug. 17, 1988, 102 Stat. 1005; Pub. L. 101–624, title XVIII, § 1839, Nov. 28, 1990, 104 Stat. 3834; Pub. L. 104–105, title I, §§ 101, 102, 108(c)(1), 109(b)(1), Feb. 10, 1996, 110 Stat. 163–165; Pub. L. 110–234, title V, § 5406(a), May 22, 2008, 122 Stat. 1158; Pub. L. 110–246, § 4(a), title V, § 5406(a), June 18, 2008, 122 Stat. 1664, 1920; Pub. L. 115–334, title V, § 5411(42), Dec. 20, 2018, 132 Stat. 4683.)
cite as: 12 USC 2279aa