A bill to amend the Consolidated Farm and Rural Development Act to permit borrowers to use the same collateral to secure two or more direct or guaranteed real estate loans.

openUnited States· United States Congress· EN

Introduced

4 February 1987

Last action

—

Status

Committee on Agriculture requested executive comment from Agriculture Department.

Summary

Amends the Consolidated Farm and Rural Development Act to permit a borrower to use the same collateral to secure two or more direct or guaranteed Farmers Home Administration real estate loans. Stipulates that outstanding loan debt may not exceed total collateral value.

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Documents

1 official file

Introduced in Senate
summary · EN · 4 February 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/463
Open data entity: https://api.congress.gov/v3/bill/100/s/463