Business and Industry Loans; Revisions to Implement 2002 Farm Bill Provisions
rural-development · Rural Housing Service · Rule · Published 2004-11-09 · Effective 2004-12-09 · 69 FR 64829
Document
Document number
04-24886
Federal Register citation
69 FR 64829
CFR reference
7 CFR 4279
Type
Rule
Action
Interim final rule with request for comments.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2004-11-09
Effective date
2004-12-09
Abstract
The Rural Business-Cooperative Service (RBS) revises its regulations to incorporate provisions outlined in Sections 6013, 6017, and 6019 of the Farm Security and Rural Investment Act of 2002 (Pub. L. 104-424) (2002 Farm Bill). This action is taken to comply with the amendments to sections 310(B) and 333A of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932 and 1983a). The intended effect of this action is to expand eligibility for the Business and Industry Guaranteed Loan Program, provide for a simplified application form for loans of up to $600,000, and allow the Agency to require specialized appraisals on collateral.