S 1487 · 101th Congress · Agriculture and Food
A bill to provide that certain borrowers who restructure loans made by the Farmers Home Administration under net recovery buy-out provisions shall be subject to shared appreciation arrangements.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Subcommittee on Agricultural Credit.(1990-01-17)
Plain Language Summary
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Amends the Consolidated Farm and Rural Development Act to require (current law merely authorizes) certain borrowers who terminate loan obligations on a restructured Farmers Home Administration loan to enter into a shared appreciation arrangement with the Secretary of Agriculture.…
Summarized by Claude AI · Non-partisan · For informational purposes only