Review of Farmers Home Administration's New Policy for Delinquent Farm Borrowers.

Reviews new Farmers Home Administration (FmHA) policy for delinquent farm borrowers established by P.L. 100-233, the Agricultural Credit Act of 1987, which requires FmHA to write down a delinquent loan when the cost associated with a write-down is less than the cost of foreclosure. Discusses eligibi...

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Bibliographic Details
Corporate Authors: Library of Congress. Congressional Research Service, ProQuest (Firm)
Format: eBook
Language:English
Published: [Place of publication not identified] : [publisher not identified], 1989.
Series:U.S. Congressional Research.
Subjects:
Online Access:Connect to the full text of this electronic book
Description
Summary:Reviews new Farmers Home Administration (FmHA) policy for delinquent farm borrowers established by P.L. 100-233, the Agricultural Credit Act of 1987, which requires FmHA to write down a delinquent loan when the cost associated with a write-down is less than the cost of foreclosure. Discusses eligibility for loan restructuring, and explains the five-step process of the new policy.
Item Description:Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC.
CRS Report.
Electronic resource.
Physical Description:1 online resource.