The issuing agencies amend their guaranteed farm credit programs loan making and servicing regulations to remove the restriction against lenders capitalizing accrued interest when restructuring loans. The intended effect is to reduce barriers which inhibit lenders from restructuring loans of delinquent guaranteed borrowers.
Agency Contact: Phillip Elder, Senior Loan Officer, Farm Credit Programs Loan Servicing and Property Management Division, Guaranteed Loans Branch, Consolidated Farm Service Agency (CFSA), USDA, South Agriculture Building, Room 5446, 14th and Independence Avenue SW., Washington, DC 20250-0774, Telephone (202) 690-4012.
This rule is final. Its effective date is October 13, 1995.