Rural Credit and Development Act of 1994

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Credit for Rural Business Enterprises Title II: Credit for Rural Infrastructure Title III: Credit for Rural Housing Rural Credit and Development Act of 1994 - Title I: Credit for Rural Business Enterprises - Amends the Farm Credit Act of 1971 to permit farm credit banks and production credit associations to purchase loans and loan interests from non-Farm Credit System institutions. Enlarges the scope of farm-related business for credit availability purposes. Authorizes banks for cooperatives to provide loans and other financial services to entities providing certain farm-related services or products under specified conditions. Title II: Credit for Rural Infrastructure - Authorizes Farm Credit banks to make community facility loans. Authorizes banks for cooperatives to finance utility-related services. Title III: Credit for Rural Housing - Enlarges rural housing credit availability by: (1) increasing eligible population areas; (2) increasing farm credit bank and production credit association loan portfolios for non-farmer rural housing loans; and (3) authorizing loans to rural residents for personal, family, or household needs other than housing finance.…