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United States · Bill · HR

H.R. 3619 (99th)

Foreclosed Asset Reserve and Management Act of 1985

openUnited States· United States Congress· EN

Introduced

24 October 1985

Last action

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Status

See H.R. 3792.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Foreclosed Asset Reserve and Management Act of 1985 - Amends the Farm Credit Act of 1971 to provide for Farm Credit System purchases of foreclosed farmland through an asset reserve and management agent corporation. Provides that such farmland: (1) shall be managed by the bank or association holding the lien on the property; and (2) shall be sold by the agent upon such managing bank's request.

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Documents

1 official file

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Sources

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