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.

Introduced 1977-04-18· Sponsored by Rep. Marlenee, Ron [R-MT-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1977-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] 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