---
kind: "section"
citation: "7 U.S.C. § 928"
title: "7"
title_heading: "Agriculture"
number: "928"
heading: "Prompt processing of telephone loans"
release: "119-102"
url: "https://uscodex.org/usc/7/928"
units:
  - "Chapter 31 — Rural Electrification and Telephone Service"
  - "Subchapter II — Rural Telephone Service"
---

# §928. Prompt processing of telephone loans


Within ten days after the end of the second and fourth calendar quarters of each year, the [Secretary](/usc/7/913.md?p=5) shall submit to the [Committee](/usc/7/2132.md?p=n) on Agriculture and the [Committee](/usc/7/2132.md?p=n) on Appropriations of the House of Representatives, and to the [Committee](/usc/7/2132.md?p=n) on Agriculture, Nutrition, and Forestry and the [Committee](/usc/7/2132.md?p=n) on Appropriations of the Senate, a report—

- (1) identifying each completed application for a telephone loan under [section 935 of this title](/usc/7/935.md) or a guarantee of a telephone loan under [section 936 of this title](/usc/7/936.md) that has not been finally acted upon within ninety days after the date the completed application is submitted; and
- (2) stating the reasons for the failure to finally act upon the completed applications within such ninety-day period.

## Source credit

(May 20, 1936, ch. 432, title II, § 207, as added Pub. L. 101–624, title XXIII, § 2358, Nov. 28, 1990, 104 Stat. 4041; amended Pub. L. 103–354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221; Pub. L. 115–334, title VI, § 6602(b)(6), Dec. 20, 2018, 132 Stat. 4776.)

## Notes

### Editorial Notes

### Amendments

2018—Par. (1). Pub. L. 115–334 substituted “935 of this title or” for “935 of this title,” and struck out “, or a loan under section 948 of this title,” after “a telephone loan under section 936 of this title”.

1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.