Indian Tribal Land Acquisition Program Loan Writedowns
farm-program · Farm Service Agency · Rule · Published 2007-09-12 · Effective 2007-10-12 · 72 FR 51988
Document
Document number
E7-18032
Federal Register citation
72 FR 51988
CFR reference
7 CFR 770
Type
Rule
Action
Final rule.
Category
farm-program
Sub-agency
Farm Service Agency
Publication date
2007-09-12
Effective date
2007-10-12
Abstract
This rule revises the Farm Service Agency (FSA) Indian Tribal Land Acquisition Program (ITLAP) regulations as required by the Native American Technical Corrections Act of 2006. The regulations pertaining to rental value write-down of ITLAP loans will not require a market value rent study where the land is actually rented. The actual rents received shall be used to determine the rental value of the property for write-down purposes.