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United States · Bill · S

S. 3905 (93rd)

A bill to amend section 313 of the Consolidated Farm and Rural Development Act to provide for guaranteed loans for certain purposes.

referredUnited States· United States Congress· EN

Introduced

13 August 1974

Last action

—

Status

Referred to Senate Committee on Agriculture and Forestry.

Sponsors

—

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Provides, under the Consolidated Farm and Rural Development Act, that the Secretary of Agriculture may guarantee a loan made by an approved lender without regard to the limitation and prohibitions in such Act if such loan is secured by a second mortgage on real estate and the total principal indebtedness outstanding against such real estate, if such second mortgage is taken, does not exceed 85 percent of its appraised value.

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Documents

1 official file

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