An amendment to require applicants for Farmers Home Administration loans to furnish a written statement showing their net worth. The Secretary of Agriculture is required by December 31, of each year to provide Congress a report describing the characteristics of borrowers initially receiving loans made or insured and characteristics of borrowers obtaining guaranteed loans. The amendment specifies information that is to be compiled on the borrowers.

Ask AI
Amendment Number
363
Description
An amendment to require applicants for Farmers Home Administration loans to furnish a written statement showing their net worth. The Secretary of Agriculture is required by December 31, of each year to provide Congress a report describing the characteristics of borrowers initially receiving loans made or insured and characteristics of borrowers obtaining guaranteed loans. The amendment specifies information that is to be compiled on the borrowers.
Purpose
An amendment to require applicants for Farmers Home Administration loans to furnish a written statement showing their net worth. The Secretary of Agriculture is required by December 31, of each year to provide Congress a report describing the characteristics of borrowers initially receiving loans made or insured and characteristics of borrowers obtaining guaranteed loans. The amendment specifies information that is to be compiled on the borrowers.
Congress
97
Type
HAMDT
Latest Action Date
Oct 22, 1981
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Oct 22, 1981
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 363 — Informed