Amendment required that property appraisals for FmHA loans for homes in remote rural areas reflect only the cost of the land and structure to be financed, and that this be deemed as adequate security upon which the loan could be financed.

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Amendment Number
645
Description
Amendment required that property appraisals for FmHA loans for homes in remote rural areas reflect only the cost of the land and structure to be financed, and that this be deemed as adequate security upon which the loan could be financed.
Purpose
An amendment to require that property appraisals for FmHA loans for homes in remote rural areas reflect only the cost of the land and structure to be financed, and that this be deemed as adequate security upon which the loan may be financed.
Congress
101
Type
HAMDT
Latest Action Date
Jul 31, 1990
Latest Action Text
On agreeing to the Perkins amendment (A013) Agreed to by voice vote.
Latest Action Time
17:10:01
Submitted Date
Jul 31, 1990
Chamber
House of Representatives
Update Date
Jul 1, 2021
Amendment 645 — Informed