S.463 - A bill to amend the Consolidated Farm and Rural Development Act to permit borrowers to use the same collateral to secure two or more direct or guaranteed real estate loans.100th Congress (1987-1988)
|Sponsor:||Sen. Ford, Wendell H. [D-KY] (Introduced 02/04/1987)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||Senate - 03/06/1987 Committee on Agriculture requested executive comment from Agriculture Department. (All Actions)|
This bill has the status Introduced
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Summary: S.463 — 100th Congress (1987-1988)All Information (Except Text)
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.