Farm Credit Borrower Protection Act of 1985

Summary

Farm Credit Borrower Protection Act of 1985 - Amends the Farm Credit Act of 1971 to require Farm Credit System institutions to disclose borrower information regarding annual loan costs and payments, variable interest rates, and defaults. Directs the Farm Credit Administration to prescribe regulations relating to variable interest rates on loans from System institutions. Provides, with regard to an adverse credit decision, that: (1) the applicant shall be given written notice and explanation of such decision; and (2) System institutions shall establish credit committees to review, upon applicant request, adverse credit decisions.

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Timeline

1. 21 November 1985

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 21 November 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 November 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 18 December 1985

   Referred

   Referred to Subcommittee on Conservation Credit and Rural Development.

   Source: Committee

5. 19 December 1985

   Committee

   Executive Comment Requested from USDA.

   Source: Committee

6. 20 December 1985

   Committee

   See H.R.3792.

   Source: Committee

7. 30 January 1986

   Committee

   Unfavorable Executive Comment Received From Farm Credit Admin.

   Source: Committee

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 · 21 November 1985

  Open at official source

Sponsors

• Rep. Evans, Cooper [R-IA-3] · R · Sponsor
• · hsag00 · Standing

Related records

• related to → Farm Credit Amendments Act of 1985