S 463 · 100th Congress · Agriculture and Food

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.

Introduced 1987-02-04· Sponsored by Sen. Ford, Wendell H. [D-KY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Agriculture requested executive comment from Agriculture Department.(1987-03-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only