A bill to prohibit the Secretary of Agriculture from extending financial assistance under the Consolidated Farm and Rural Development Act to persons who have defaulted on a loan made or insured under such Act or whose loans are restructured and remain outstanding, to prevent delinquent borrowers from repurchasing farm property at a discount, and to provide for the termination of certain restructured loans that are 180 days delinquent.

referredUnited States· United States Congress· EN

Introduced

31 March 1988

Last action

—

Status

Referred to Subcommittee on Conservation Credit and Rural Development.

Summary

Amends the Consolidated Farm and Rural Development Act to prohibit the Secretary of Agriculture from providing new or extending existing financial assistance to persons who have defaulted on loans made under such Act, or whose loans have been restructured and remain outstanding.

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Documents

1 official file

Introduced in House
summary · EN · 31 March 1988
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/4336
Open data entity: https://api.congress.gov/v3/bill/100/hr/4336