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Guaranteed Loan Fees

Document ID: FSA-2006-0015-0001
Document Type: Proposed Rule
Agency: Farm Service Agency
Topics: Agriculture, Loan Programs-Agriculture
Federal Register Number: E6-07326
CFR Citation: 7 CFR 762
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Details Information

Abstract: The Farm Service Agency (FSA) proposes to amend the regulations for guaranteed loans to change the amount charged and collected in order for the FSA to provide a guarantee. Except in certain limited cases, FSA currently charges a fee of one percent (1%) of the guaranteed amount on all guaranteed Farm Ownership (FO) loans, and guaranteed Operating Loans (OL). The rule change is necessary for the Agency to be able to offset the cost of the guaranteed loan program so as to maintain program funding at levels that will best service farmers and ranchers.
Received Date: May 15 2006, at 10:50 AM Eastern Daylight Time
Start-End Page: 27978 - 27980
Comment Start Date: May 15 2006, at 10:50 AM Eastern Standard Time
Comment Due Date: July 14 2006, at 11:59 PM Eastern Standard Time

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