A bill to amend the Consolidated Farm and Rural Development Act to require borrowers to act in good faith with respect to restructuring loans made or guaranteed under such Act, and for other purposes.

Amends the Consolidated Farm and Rural Development Act to prohibit the Farmers Home Administration (FmHA) from determining that a borrower has acted in bad faith (for purposes of loan restructuring and servicing) if he or she has sold security and used the proceeds for essential living or operating expenses without FmHA approval and without FmHA release of adequate living and operating expenses.

Requires the Secretary of Agriculture in order to make a determination of borrower bad faith, to first obtain a written opinion from the Department of Agriculture's Office of General Counsel.

Requires borrower good faith with regard to net recovery buyout loan restructuring.

Increases from 45 days to 90 days the period for borrower repayment of certain loan obligations.

Requires the Secretary to collect data and report to the appropriate congressional committees regarding bad faith borrowers, bad faith net recovery buyouts, and related information.