The Farm Service Agency (FSA) is proposing to amend its guaranteed farm loan program regulations governing interest rates to increase clarity and to be more consistent with other government loan guarantee programs. FSA is proposing to tie the maximum interest rate that may be charged on FSA guaranteed farm loans to nationally published indices such as the Wall Street Journal Prime (also known as New York Prime), or the 10-year Treasury note rate unless the lender uses a formal written risk-based pricing model for loans, in which case the rate will be the rate charged to moderate risk borrowers. This proposed rule specifically asks for comments on the index to be used and the maximum allowable spread between the base rate and the rate to be charged to FSA guaranteed borrowers.
Received Date:
September 30 2008, at 07:15 AM Eastern Daylight Time
Start-End Page:
56754 - 56756
Comment Start Date:
September 30 2008, at 12:00 AM Eastern Standard Time
Comment Due Date:
December 1 2008, at 11:59 PM Eastern Standard Time
Maximum Interest Rates on Guaranteed Farm Loans
Details Information
Comments
Submitter: Blanchfield, John Posted: 03/14/2013 ID: FSA-2008-0001-0002
Dec 01,2008 11:59 PM ET
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