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Rolnictwo i żywność · 18.07.1995

Loan Policies and Security Documents for Electric Borrowers

The Rural Utilities Service (RUS) hereby proposes to establish new policies and requirements for loan contracts ordinarily required for loans made to electric distribution borrowers. The rule would update and clarify the framework for loan contract provisions, conform loan contract provisions with the new form of mortgage recently approved, and provide greater flexibility in addressing the financial needs of individual borrowers and the credit risks involved with individual lending situations. Conforming amendments to RUS lien accommodation requirements and changes to RUS operational controls are also proposed.

Source: Federal Register — Agriculture DepartmentOpen original release →