Implementation of Low-Documentation Direct Operating Loan (Lo-Doc) Regulations
farm-program · Farm Service Agency · Rule · Published 2001-01-09 · Effective 2001-01-09 · 66 FR 1570
Document
Document number
01-101
Federal Register citation
66 FR 1570
CFR reference
7 CFR 1910
Type
Rule
Action
Interim rule with request for comments.
Category
farm-program
Sub-agency
Farm Service Agency
Publication date
2001-01-09
Effective date
2001-01-09
Abstract
This rule amends the regulations governing the Farm Service Agency's direct operating loan (OL) program by simplifying the application process for certain farmers requesting assistance of $50,000 or less and for certain recurring OL applicants. By making FSA's direct OL program application process more consistent with standard industry practices, loan processing will be more efficient and less time consuming. This will decrease the time-frame for family-size farmers to receive their credit, thereby allowing them to conduct their farming operations in a more timely manner.