A bill to amend the Consolidated Farm and Rural Development Act to reduce the interest rate payable on certain disaster emergency loans made and insured under such Act.

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to reduce interest rate limits on certain emergency disaster loans made or insured after September 30, 1981: (1) from eight percent to five percent, where the loan applicant cannot obtain sufficient credit elsewhere; and (2) from the prevailing private market rate to the current average market yield on certain Treasury obligations (plus a one percent additional charge), where the applicant can obtain such credit elsewhere.…