Amends the Consolidated Farm and Rural Development Act to permit a borrower to use the same collateral to secure two or more direct or guaranteed Farmers Home Administration real estate loans.
Stipulates that outstanding loan debt may not exceed total collateral value.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Referred to Subcommittee on Agricultural Credit.
Committee on Agriculture requested executive comment from Agriculture Department.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line