Loan Assessment, Market Placement, and Graduation of Direct Loan Borrowers
farm-program · Rural Housing Service · Rule · Published 1996-07-09 · Effective 1996-07-09 · 61 FR 35916
Document
Document number
96-17266
Federal Register citation
61 FR 35916
CFR reference
7 CFR 1910
Type
Rule
Action
Interim rule with request for comments.
Category
farm-program
Sub-agency
Rural Housing Service
Publication date
1996-07-09
Effective date
1996-07-09
Abstract
The issuing USDA agencies are amending the direct and guaranteed farm loan regulations to implement changes to the Consolidated Farm and Rural Development Act (CONACT) as a result of the Food, Agriculture, Conservation, and Trade Act of 1990 (1990 Act) and the Agricultural Credit Improvement Act of 1992 (1992 Act). These amendments implement and coordinate ``loan assessment,'' ``market placement,'' and the ``graduation of seasoned direct loan borrowers to the loan guarantee program.'' The intended outcome is to improve the success rate of borrowers receiving Farm Service Agency (FSA) assistance and to facilitate their transitions to commercial credit.