A bill to increase the maximum amounts of operating and real estate loans which may be made under the Consolidated Farm and Rural Development Act.

Summary

Amends the Consolidated Farm and Rural Development Act to increase the limitation requirements regarding real estate loans: (1) from $225,000 to $500,000 as to the unpaid indebtedness against the farm or other security at the time the loan is made; and (2) from $100,000 to $250,000 as to the loans to any one borrower. Increases from $50,000 to $150,000 the ceiling on the total principal indebtedness which may be outstanding at any one time for operating loans.

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Timeline

1. 18 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 18 April 1977

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

3. 18 April 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 18 April 1977

  Open at official source

Sponsors

• Rep. Marlenee, Ron [R-MT-2] · R · Sponsor
• · hsag00 · Standing

Related records

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