S. 1488 — A bill to restrict the availability of the net recovery buy-out option as administered by the Farmers Home Administration.

Summary

Amends the Consolidated Farm and Rural Development Act to require borrower good faith with respect to certain agricultural loan restructuring net recovery buy-out options.

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Legislative Actions

1989-08-03
Introduced in Senate
1989-08-03
Read twice and referred to the Committee on Agriculture.
1990-01-17
Referred to Subcommittee on Agricultural Credit.

A bill to restrict the availability of the net recovery buy-out option as administered by the Farmers Home Administration.

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Summary

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