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Business and Industry Loans; Revisions to Implement 2002 Farm Bill Provisions

Agriculture Department, Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, Farm Service Agency

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Source: Federal Register
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Key Details

Posted Date
Response Deadline
Source
Federal Register
Contract Type
regulation

Description

The Rural Business-Cooperative Service (RBS) revises its regulations to incorporate provisions outlined in Sections 6013, 6017, and 6019 of the Farm Security and Rural Investment Act of 2002 (Pub. L. 104-424) (2002 Farm Bill). This action is taken to comply with the amendments to sections 310(B) and 333A of the Consolidated Farm and Rural Development Act (7 U.S.C. 1932 and 1983a). The intended effect of this action is to expand eligibility for the Business and Industry Guaranteed Loan Program, provide for a simplified application form for loans of up to $600,000, and allow the Agency to require specialized appraisals on collateral.

Key Dates

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Business and Industry Loans; Revisions to Implement 2002 Far — Agriculture Department, Rural Housing Service, Rural Business-Cooperative Service, Rural Utilities Service, Farm Service Agency | Bureauify