Family Farm Emergency Credit Assistance Act of 1983

Summary

Family Farm Emergency Credit Assistance Act of 1983 - Amends the Consolidated Farm and Rural Development Act to permit family farmers to request economic hardship loan repayment and foreclosure deferrals through December 31, 1983. Requires a showing of: (1) good management; (2) temporary inability to repay because of circumstances beyond one's control; and (3) reasonable chance of repayment. Provides for loan consolidation and rescheduling at the end of such deferral period. Requires the Secretary of Agriculture to provide notification to Farmers Home Administration borrowers regarding such deferral and rescheduling programs. Prohibits deferred or rescheduled loan interest rates in excess of the original interest rates. Requires the Governor of the Farm Credit Administration to submit recommendations to the appropriate congressional committees on how the Federal land banks and the Federal intermediate credit banks could implement a similar family farm credit assistance program.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 8 February 1983

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.