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Rolnictwo i żywność · 29.09.1994

Loan Security Documents for Electric Borrowers

The Rural Electrification Administration (REA) hereby proposes new policies and requirements for the standard form of mortgage ordinarily required of electric distribution borrowers. This proposed rule is intended to continue to provide adequate security for loans made to distribution borrowers, to update and clarify the provisions of the mortgage, to generally confine the scope of the mortgage primarily to basic issues of collateral and loan security, and to support borrower access to other credit sources.

Source: Federal Register — Agriculture DepartmentOpen original release →