An amendment permitting borrowers who are owed money from third parties that are involved in liquidation procedures under the Bankruptcy Act, to defer the payment of their loans (principle and interest) for a period of time to permit the third party to make payments under the Bankruptcy procedures. The Secretary must determine that the estate of the third party is "likely" to have sufficient assests to reimburse the borrower requesting the deferral on his loan.

passedUnited States· United States Congress· EN

Introduced

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Last action

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Status

Amendment Passed in Committee of the Whole by Voice Vote.

Records

Official amendment HAMDT 831 (97th) from United States at United States Congress. Status: Amendment Passed in Committee of the Whole by Voice Vote..

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