An amendment to change the qualification for loans from "can demonstrate a financial need" to is "unable to obtain sufficient credit elsewhere to finance their actual needs at reasonable rates and terms, taking into consideration prevailing rates and terms in the community in or near which the applicant is located for loans for similar purposes and periods of time".

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Amendment Number
832
Description
An amendment to change the qualification for loans from "can demonstrate a financial need" to is "unable to obtain sufficient credit elsewhere to finance their actual needs at reasonable rates and terms, taking into consideration prevailing rates and terms in the community in or near which the applicant is located for loans for similar purposes and periods of time".
Purpose
An amendment to change the qualification for loans from "can demonstrate a financial need" to is "unable to obtain sufficient credit elsewhere to finance their actual needs at reasonable rates and terms, taking into consideration prevailing rates and terms in the community in or near which the applicant is located for loans for similar purposes and periods of time".
Congress
97
Type
HAMDT
Latest Action Date
Sep 9, 1982
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Sep 9, 1982
Chamber
House of Representatives
Update Date
Aug 14, 2021
Amendment 832 — Informed