§ 1925. Limitations on amount of farm ownership loans
(a)
In general
The Secretary shall make or insure no loan under sections
1922,
1923,
1924,
1934, and
1935 of this title that would cause the unpaid indebtedness under such sections of any one borrower to exceed the smaller of
(2)
in the case of a loan other than a loan guaranteed by the Secretary, $300,000, or, in the case of a loan guaranteed by the Secretary, $700,000 (increased, beginning with fiscal year 2000, by the inflation percentage applicable to the fiscal year in which the loan is guaranteed and reduced by the amount of any unpaid indebtedness of the borrower on loans under subchapter II of this chapter that are guaranteed by the Secretary).
(b)
Determination of value
In determining the value of the farm, the Secretary shall consider appraisals made by competent appraisers under rules established by the Secretary.
(c)
Inflation percentage
For purposes of this section, the inflation percentage applicable to a fiscal year is the percentage (if any) by which—