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| USDA/FSA | RIN: 0560-AH66 | Publication ID: Spring 2011 |
| 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: Other Significant |
| 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 | |
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Legal Deadline:
None |
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Timetable:
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| 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 | |
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Agency Contact: Deirdre Holder Director, Regulatory Review Group Department of Agriculture Farm Service Agency 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Fax:202 720-5233 Email: deirdre.holder@wdc.usda.gov |
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