Negocios · 4/5/19941 min de lectura
Denying Credit to Applicants Delinquent on Federal Debt
Traducción automática local · Idioma original de la fuente
Resumen
The Farmers Home Administration (FmHA) proposes to amend its regulations concerning program eligibility requirements. These revisions will direct field offices to suspend processing of an application if an applicant is found to be delinquent on a Federal debt until the delinquency is resolved, and to deny credit if a Federal judgment is found against an applicant. This action is necessary to implement requirements of OMB Circular A-129, ``Policies for Federal Credit Programs and Non-Tax Receivables.'' Denying credit to applicants against whom there is a Federal judgment is mandated by provisions of the Federal Debt Collections Procedures Act of 1990. The intended effect of this action is to instruct field offices on how to obtain more information to be used in determining loan, grant and loan servicing eligibility.