rural-development · Rural Utilities Service · Rule · Published 1995-07-18 · Effective 1995-08-17 · 60 FR 36882
Document
Document number
95-16528
Federal Register citation
60 FR 36882
CFR reference
7 CFR 1718
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Utilities Service
Publication date
1995-07-18
Effective date
1995-08-17
Abstract
The Rural Utilities Service (RUS) hereby establishes new policies and requirements for the form of mortgage required of electric distribution borrowers. This rule updates and clarifies the provisions of the mortgage, ensures that security for loans made to distribution borrowers will continue to be adequate, generally confines the scope of the mortgage primarily to basic issues of collateral and loan security, and supports borrower access to other credit sources.