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USDA/FSA

RIN: 0560-AH66

Publication ID: Fall 2009

Title: Interest Rates on Farm Service Agency Farm Loan Programs Guaranteed Loans
Abstract: In 7 CFR 762.124, USDA is modifying the interest rates, terms, charges, and fees: Neither the interest rate on the guaranteed portion nor the unguaranteed portion may exceed the rate the lender charges its average agricultural loan customer. At the request of the Agency, the lender must provide evidence of the rate charged the average agricultural loan customer. This evidence may consist of average yield data or documented administrative differential rate schedule formulas used by the lender. Thus, FSA is amending its guaranteed loan regulations at 7 CFR part 762.124(a)(3) to provide that the interest rates charged on FSA Guaranteed Farm Loans must be based on a published index.
Agency: Department of Agriculture(USDA)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 7 CFR 762
Legal Authority: 7 USC 1989 et seq

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  09/30/2008  73 FR 56754    NPRM Comment Period End  12/01/2008     Final Rule  12/00/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch Department of Agriculture Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Email: deirdre.holder@usda.gov