A bill to amend the Consolidated Farm and Rural Development Act for the purposes of increasing the maximum amounts of real estate and operating loans.

referredUnited States· United States Congress· EN

Introduced

8 September 1977

Last action

—

Status

Referred to House Committee on Agriculture.

Summary

Amends the Consolidated Farm and Rural Development Act to increase the limitation requirements regarding real estate loans: (1) from $225,000 to $325,000 as to the unpaid indebtedness against the farm or other security at the time the loan is made; and (2) from $100,000 to $200,000 as to the loans to any one borrower. Increases from $50,000 to $125,000 the ceiling on the total principal indebtedness which may be outstanding at any one time for operating loans.

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Documents

1 official file

Introduced in House
summary · EN · 8 September 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/8968
Open data entity: https://api.congress.gov/v3/bill/95/hr/8968