An amendment to require borrowers obtaining new FmHA guaranteed operating loans to use their existing lenders, unless the lender has failed, closed, or been liquidated. It also requires the payments to the stretched out over five years.

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Amendment Number
5
Description
An amendment to require borrowers obtaining new FmHA guaranteed operating loans to use their existing lenders, unless the lender has failed, closed, or been liquidated. It also requires the payments to the stretched out over five years.
Congress
99
Type
HAMDT
Latest Action Date
Feb 27, 1985
Latest Action Text
Amendment Failed of Passage in Committee of Whole by Voice Vote.
Submitted Date
Feb 27, 1985
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 5 — Informed