A bill to amend the Consolidated Farm and Rural Development Act to provide that emergency loans not to exceed $5,000 may be made and insured under such Act on the basis of estimated losses caused by disasters.

[AI summary unavailable — showing source text] Amends the Consolidated Farm and Rural Development Act to permit emergency disaster loans of up to $5,000 to be made and insured on the basis of estimated losses. Limits interest rates on such loans to a maximum of five percent. Allows an increase in such rates to prevailing market rates if actual disaster losses fall short of estimated losses after a loan is made or guaranteed. Requires cancellation of a loan guarantee in such an event.…