((a)) ** Delinquent borrowers prohibited from obtaining direct operating loans** The Secretary may not make a direct operating loan under subchapter II to a borrower who is delinquent on any loan made or guaranteed under this chapter.
((b)) ** Prohibition of loans for borrowers that have received debt forgiveness**
((1)) ** Prohibitions** Except as provided in paragraph (2)—
((A)) the Secretary may not make a loan under this chapter to a borrower that has received debt forgiveness on a loan made or guaranteed under this chapter; and
((B)) the Secretary may not guarantee a loan under this chapter to a borrower that has received—
((i)) debt forgiveness after , on a loan made or guaranteed under this chapter; or
((ii)) received debt forgiveness on more than 3 occasions on or before .
((2)) ** Exceptions**
((A)) ** In general** The Secretary may make a direct or guaranteed farm operating loan for paying annual farm or ranch operating expenses of a borrower who—
((i)) was restructured with a write-down under ;
((ii)) is current on payments under a confirmed reorganization plan under chapters 11, 12, or 13 of title 11; or
((iii)) received debt forgiveness on not more than 1 occasion resulting directly and primarily from a major disaster or emergency designated by the President on or after , under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( et seq.).
((B)) ** Emergency loans**
((i)) ** In general** The Secretary may make an emergency loan under to a borrower that—
((I)) on or before , received not more than 1 debt forgiveness on a loan made or guaranteed under this chapter; and
((II)) after , has not received debt forgiveness on a loan made or guaranteed under this chapter.
((ii)) ** Restructured loans** For purposes of clause (i), a borrower who was restructured with a write-down or restructuring under shall not be considered to have received debt forgiveness on a loan made or guaranteed under this chapter.section 2001 of this title
((c)) ** No more than 1 debt forgiveness for borrower on direct loan** The Secretary may not provide to a borrower debt forgiveness on a direct loan made under this chapter if the borrower has received debt forgiveness on another direct loan made under this chapter.
