Summary: S.Con.Res.138 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for S.Con.Res.138. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/14/1986)

Expresses the sense of the Congress that the Farm Credit System should take specified actions to assist borrowers, including: (1) participating to the maximum extent possible with the Farmers Home Administration and other Government guarantee programs to provide 1986 operating loans; (2) following policies of reasonable loan forbearance; (3) using loan restructuring; (4) emphasizing loan servicing approaches that help borrowers meet the conditions of their loan contracts; (5) resorting to foreclosure only when there is no alternative or when the associated costs would be less than loan restructuring; (6) providing defaulting borrowers with the opportunity to bid on foreclosed property; and (7) maintaining sound institutional credit policies.