{"identifier":"/us/usc/t12/s2219b","title":12,"num":"\u00a7\u202f2219b.","heading":"Application of uninsured accounts","text":"\u00a7\u202f2219b.\nApplication of uninsured accounts\n(a)\nIn general\nMoney of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before\nJanuary 6, 1988\n(b)\nRegulations\nThe Farm Credit Administration shall promulgate regulations\u2014\n(1) that define the term \u201cuninsured voluntary or involuntary account\u201d; and\n(2) to otherwise effectively carry out this section.","url":"https://projectusc.org/usc/t12/s2219b.html","content":[{"t":"sec","id":"/us/usc/t12/s2219b","children":[{"t":"num","text":"\u00a7\u202f2219b."},{"t":"heading","text":"Application of uninsured accounts"},{"t":"subsec","id":"/us/usc/t12/s2219b/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before ","children":[{"t":"text","text":"January 6, 1988","tail":"), including all such other accounts known as \u201cadvanced payment accounts\u201d or \u201cfuture prepayment accounts\u201d shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t12/s2219b/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Regulations"},{"t":"chapeau","text":"The Farm Credit Administration shall promulgate regulations\u2014"},{"t":"para","id":"/us/usc/t12/s2219b/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" that define the term \u201cuninsured voluntary or involuntary account\u201d; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s2219b/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" to otherwise effectively carry out this section.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}