An amendment to require the Secretary to insure that requests from lending institutions for designations as an approved lender under the program be reviewed and a decision made within 15 days of the application's submission. Also any request of a lending institution where 25 percent or more of the institution's portfolio of outstanding loans are agricultural shall be automatically approved.

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Amendment Number
3
Description
An amendment to require the Secretary to insure that requests from lending institutions for designations as an approved lender under the program be reviewed and a decision made within 15 days of the application's submission. Also any request of a lending institution where 25 percent or more of the institution's portfolio of outstanding loans are agricultural shall be automatically approved.
Congress
99
Type
HAMDT
Latest Action Date
Feb 27, 1985
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Feb 27, 1985
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 3 — Informed