Summary: H.R.6386 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.6386. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/03/1984)

Amends the Consolidated Farm and Rural Development Act to permit family farmers to request the Secretary of Agriculture for foreclosure deferrals and loan rescheduling based on prospective cash flow. Requires a showing of: (1) good management; (2) temporary inability to repay because of circumstances beyond one's control; and (3) reasonable chance of repayment.

Terminates such program on September 30, 1986.