A bill to broaden eligibility for emergency loans under the Consolidated Farm and Rural Development Act.
Farmers Emergency Loan Reform Act of 1998 - Amends the Consolidated Farm and Rural Development Act with respect to emergency loan eligibility to: (1) eliminate the requirement that a borrower be unable to secure credit elsewhere; (2) make the disaster loan collateral requirements under the Small Business Act applicable; and (3) provide that certain prior loan forgiveness conditions shall not be disqualifying.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
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