Agricultural Credit Readjustment Act of 1980

Summary

Agricultural Credit Readjustment Act of 1980 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Agriculture to implement a national or local moratorium on the repayment or foreclosure on loans made or held by the Secretary or under the provisions of any law administered by the Farmers Home Administration for up to three years if warranted by emergencies adversely affecting the agricultural economy. Authorizes the Secretary to consolidate or reschedule such loans for payment. Sets forth the terms for such payment. Alters the terms and conditions of membership on county committees. Authorizes the Secretary to use and train such committees for any purposes of such Act the Secretary deems appropriate. Requires such committee to serve as a loan board for loans made pursuant to such Act.

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1 official file

• Introduced in Senate

  summary · EN · 2 July 1980

  Open at official source

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