Summary: S.463 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for S.463. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/04/1987)

Amends the Consolidated Farm and Rural Development Act to permit a borrower to use the same collateral to secure two or more direct or guaranteed Farmers Home Administration real estate loans.

Stipulates that outstanding loan debt may not exceed total collateral value.