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Simple English definitions for legal terms

federal land bank

Read a random definition: three-strikes law

A quick definition of federal land bank:

A federal land bank is a type of bank that was created in 1916 to help farmers get loans to buy land. There were 12 of these banks across the country. Today, these banks have merged with other banks to create the federal farm-credit system.

A more thorough explanation:

Definition: A federal land bank is one of the 12 regional banks established in 1916 to offer mortgage loans to farmers. These banks were merged with federal intermediate credit banks to create the federal farm-credit system.

Example: A farmer in Iowa needs a loan to buy new equipment for his farm. He can apply for a mortgage loan from the Federal Land Bank of Omaha, which serves his region.

Explanation: The Federal Land Bank provides mortgage loans to farmers who need financial assistance to purchase land, equipment, or other resources necessary for their farming operations. The example illustrates how a farmer can apply for a loan from a specific regional bank within the Federal Land Bank system.

federal land | federal law

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SpectacularDefiantMouse
23:09
What materials are you all using to prepare for 1L? I've heard of Law Hub and Barbri. Do you recommend any?
CondemnedPuffyGnome
1:55
im chillin until the teachers start teaching
babybunny
8:58
thousand island stare rn
ripballs
10:11
BALLS IS BACK BABY FUCK ARARARAR
ripballs
10:11
@Hellwoods2025: LETS GOOOOO
PretentiousPete
11:28
@babybunny: nice
CTCSH
12:35
Free balls
FoamyGreatKoala
15:06
@SpectacularDefiantMouse: JD adivisng! their prep course is completey free
TruthTheX
15:38
Anyone here call or something and know if GULC is pretty full or still got a decent bit of room? O-O
HurriedNippyPirate
16:24
Anyone here from ND
CTCSH
16:47
No, just asians and new yorkers
babybunny
18:07
i’m new york adjacent so it’s nice to feel included
Silver
18:35
Would you guys consider going to Law school out of state or should I try and stay In-state for cost?
TruthTheX
18:41
It depends tbh. Can you get scholarships do you want to practice in your state what’s your debt tolerance… idk there’s a lot that goes into applying that needs to be considered. Personally I don’t wanna practice in my state and the schools in my state don’t transfer to the area(s) I would prefer to practice in I’d have been screwed had I stayed in state so in my case I definitely consider going out of state haha
Silver
18:45
In State would be Illinois, I don't quite know where I want to be though. Not applying till end of 2024.
KnowledgeableRitzyWasp
18:47
@TruthTheX: praying for your gulc uprising
TruthTheX
19:15
Ty me too 🙏
TruthTheX
19:15
@Silver: if you want to practice in IL then there’s likely no better school than the in state schools
BankruptcyAndRestructuringLawIsCool
19:53
@SpectacularDefiantMouse: yeah, like condemnedpuffygnome, I'm not really preparing for law school by taking some courses or anything like that. The only way I'm going to be preparing is by getting myself into a rhythm schedule-wise, well enough in advance of the first day of classes, that I think will be necessary for me to do well 1L.
BankruptcyAndRestructuringLawIsCool
19:54
I'm very much not in rhythm now. lol. But I've 3-ish months.
BankruptcyAndRestructuringLawIsCool
19:55
I've got*
jb2028
19:55
@Silver: Cost of attendance is what matters. $37K in-state tuition = $47K sticker price with a $10K scholarship elsewhere, $70K sticker with a $40K scholarship is better than either, $40K sticker with a $0 scholarship worse than both.
jb2028
19:55
(Assuming placement etc. is comparable)
BankruptcyAndRestructuringLawIsCool
19:57
Congrats on Harvard, jb2028. Any reason you applied to A&M but not Texas at Austin? Seems odd.
jb2028
19:58
@BankruptcyAndRestructuringLawIsCool: Family connection, they gave me a CAS waiver so it was free
BankruptcyAndRestructuringLawIsCool
20:00
Ah, gotcha.
BankruptcyAndRestructuringLawIsCool
20:04
Question for the chat about judicial internships (not externships). My understanding is that judicial internships (as opposed to externships) during the summer are unpaid. How, then, do people who get them pay living expenses during the summer? Do they just make loans stretch for 12 months when they're only meant for 9? I heard that some people supplement the internship with, e.g., a research assistant position with a law professor. But would such a person both do the internship and the RA position at the same time? And if so, is that too much work or feasible?
BankruptcyAndRestructuringLawIsCool
20:04
I don't know what the workload is really like for judicial internships and RA positions.
BankruptcyAndRestructuringLawIsCool
20:05
Also curious what other things people might do to supplement an unpaid judicial internship over the summer with something paid.
jb2028
20:20
@BankruptcyAndRestructuringLawIsCool: Many schools will provide some type of stipend for unpaid summer roles with a public interest employer (defined broadly, often includes any gov or judicial job)
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