Landowner Protection Act of 1986

Summary

Landowner Protection Act of 1986 - Amends the Farm Credit Act of 1971 to require a Farm Credit System institution to restructure, rather than foreclose, a loan to an eligible borrower if foreclosure costs equal or exceed restructuring costs. Sets forth borrower appeals procedures. Requires a program report to the Congress within 270 days. Terminates such program one year after enactment of this Act, or 90 days after submission of such report, whichever is later.

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Timeline

1. 5 March 1986

   Introduced

   Read twice and referred to the Committee on Agriculture.

   Source: IntroReferral

2. 5 March 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 20 March 1986

   Referred

   Referred to Subcommittee on Agricultural Credit.

   Source: Committee

4. 23 April 1986

   Committee

   Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.

   Source: Committee

5. 7 July 1986

   Committee

   Committee on Agriculture received executive comment from Agriculture Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 5 March 1986

  Open at official source

Sponsors

• Sen. Nickles, Don [R-OK] · R · Sponsor
• Sen. Abdnor, James [R-SD] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Andrews, Mark [R-ND] · R · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. Durenberger, Dave [R-MN] · R · Cosponsor
• Sen. Simpson, Alan K. [R-WY] · R · Cosponsor
• · ssaf00 · Standing

Related records

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