1231

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Amendment Number
1231
Purpose
To require that Farm Credit System institutions having an uninsured account for advanced or future prepayments of a borrowers loan, apply amounts in such account against the principal amount of any such outstanding loans of the borrower immediately prior to that institutions insolvency.
Congress
100
Type
SAMDT
Latest Action Date
Dec 2, 1987
Latest Action Text
Amendment SP 1231 agreed to in Senate by Voice Vote.
Proposed Date
Dec 2, 1987
Submitted Date
Dec 2, 1987
Chamber
Senate
Update Date
Aug 14, 2021
Amendment 1231 — Informed