Loan Servicing; Farm Loan Programs
The Farm Service Agency is implementing four amendments to the direct loan servicing regulations, including an amendment to further emphasize transitioning borrowers to private sources of credit in the shortest time practicable; an amendment to the Homestead Protection lease regulations that extends the right to purchase the leased property to the lessee’s immediate family when the lessee is a member of a socially disadvantaged group; an amendment to suspend certain loan acceleration and foreclosure actions for account liquidation regulations; and an amendment to make the FSA regulations on insurable account limits consistent with the regulations of the Federal Deposit Insurance Corporation