HR 4799 · 99th Congress · Agriculture and Food

Farm Loan Mediation Act of 1986

Introduced 1986-05-09· Sponsored by Rep. Penny, Timothy J. [D-MN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Conservation Credit and Rural Development.(1986-05-13)

Plain Language Summary

[AI summary unavailable — showing source text] Farm Loan Mediation Act of 1986 - Prohibits the Secretary of Agriculture from making loans under the Consolidated Farm and Rural Development Act to persons in States not having a loan mediation system. Requires such a system to provide for: (1) local mediation; (2) voluntary and mandatory mediation; (3) debtor and creditor eligibility; (4) foreclosure only after mandatory mediation; and (5) procedures in the case of unsuccessful mandatory mediation.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Bedell, Berkley W. [D-IA-6]IA
Rep. Panetta, Leon [D-CA-16]CA