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United States · Bill · S

S. 130 (98th)

Farm Credit Improvement Act of 1983

openUnited States· United States Congress· EN

Introduced

26 January 1983

Last action

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Status

Subcommittee on Agricultural Credit. Hearings held. Hearings printed: S.Hrg. 98-135.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Farm Credit Improvement Act of 1983 - Amends the Consolidated Farm and Rural Development Act to increase the limit on Farmers Home Administration (FmHA) operating loans from $100,000 to $300,000. Extends the rescheduling and reamortizing period on FmHA loans from seven to 15 years. Prohibits interest rates on such rescheduled loans from being higher than the original interest charge. Extends additional disaster loan eligibility periods for specified borrowers. Expresses the sense of the Congress that the Secretary of Agriculture should provide maximum credit assistance to those farmers temporarily unable to meet their debt obligations.

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Documents

1 official file

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Sources

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