Removal of the Prohibition Against Capitalizing Accrued Interest When Restructuring CFSA Guaranteed Loans
other · Rural Housing Service · Rule · Published 1995-10-13 · Effective 1995-10-13 · 60 FR 53253
Document
Document number
95-24179
Federal Register citation
60 FR 53253
CFR reference
7 CFR 1980
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Rural Housing Service
Publication date
1995-10-13
Effective date
1995-10-13
Abstract
The issuing agencies amend their guaranteed farm credit programs loan making and servicing regulations to remove the restriction against lenders capitalizing accrued interest when restructuring loans. The intended effect is to reduce barriers which inhibit lenders from restructuring loans of delinquent guaranteed borrowers.