S 3905 · 93th Congress · Housing and Community Development
A bill to amend section 313 of the Consolidated Farm and Rural Development Act to provide for guaranteed loans for certain purposes.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Agriculture and Forestry.(1974-08-13)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only