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TITLE 7 - AGRICULTURE
SUBTITLE B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
CHAPTER XVIII - RURAL HOUSING SERVICE, RURAL BUSINESS - COOPERATIVE SERVICE, RURAL UTILITIES SERVICE, AND FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE
SUBCHAPTER H - PROGRAM REGULATIONS
PART 1910 - GENERAL
subpart a - RECEIVING AND PROCESSING APPLICATIONS
Exhibit B to Subpart A of Part 1910 - Letter to Notify Socially Disadvantaged Applicants/Borrowers Regarding the Availability of Direct Farm Ownership (FO) Loans and the Acquisition/Leasing of FmHA or Its Successor Agency Under Public Law 103 - 354 Acquired Farmland
United States Department of Agriculture Farmers Home Administration or its successor agency under Public Law 103354 (Insert address) Date ____ Dear ____: The Farmers Home Administration (FmHA) or its successor agency under Public Law 103354 has authority under the Consolidated Farm and Rural Development Act to target direct farm ownership (FO) loan funds to applicants/borrowers of socially disadvantaged groups. This program provides credit to applicants/borrowers of socially disadvantaged groups, at regular or reduced interest rates, to purchase or enlarge farms. In addition, the program provides that FmHA or its successor agency under Public Law 103354 acquired farmland be made available for sale or lease to applicants/borrowers of socially disadvantaged groups.
Socially disadvantaged borrowers with existing direct FO loans may have their accounts deferred and/or reamortized at a reduced interest rate.
If you would like additional information regarding the availability of direct FO loans to, and/or the renting or buying of FmHA or its successor agency under Public Law 103354 acquired farmland by, members of socially disadvantaged groups, you should contact my office.
Sincerely, County Supervisor.
[57 FR 19523, May 7, 1992]
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