HR 6269 · 95th Congress ·
A bill to increase the maximum amounts of operating and real estate loans which may be made under the Consolidated Farm and Rural Development Act.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Agriculture.(1977-04-18)
Plain Language Summary
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Amends the Consolidated Farm and Rural Development Act to increase the limitation requirements regarding real estate loans: (1) from $225,000 to $500,000 as to the unpaid indebtedness against the farm or other security at the time the loan is made; and (2) from $100,000 to $250,000 as to the loans to any one borrower. Increases from $50,000 to $150,000 the ceiling on the total principal indebtedness which may be outstanding at any one time for operating loans.…
Summarized by Claude AI · Non-partisan · For informational purposes only