S 2144 · 99th Congress · Agriculture and Food
Landowner Protection Act of 1986
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Agriculture received executive comment from Agriculture Department.(1986-07-07)
Plain Language Summary
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Landowner Protection Act of 1986 - Amends the Farm Credit Act of 1971 to require a Farm Credit System institution to restructure, rather than foreclose, a loan to an eligible borrower if foreclosure costs equal or exceed restructuring costs. Sets forth borrower appeals procedures. Requires a program report to the Congress within 270 days. Terminates such program one year after enactment of this Act, or 90 days after submission of such report, whichever is later.…
Summarized by Claude AI · Non-partisan · For informational purposes only