7 USC 1983c – Provision of information to borrowers
Current as of: 2024 | Check for updates
|
Other versions
(a) In general
On request of a farm borrower of a farmer program loan, the Secretary shall make available to the borrower the following:
(1) One copy of each document signed by the borrower.
(2) One copy of each appraisal performed with respect to the loan.
(3) All documents that the Secretary otherwise is required to provide to the borrower under any law or rule of law in effect on the date of such request.
(b) Construction of section
Terms Used In 7 USC 1983c
- Appraisal: A determination of property value.
- borrower: means any farm borrower who has outstanding obligations to the Secretary under any farmer program loan, without regard to whether the loan has been accelerated, but does not include any farm borrower all of whose loans and accounts have been foreclosed on or liquidated, voluntarily or otherwise. See 7 USC 1991
- farmer: includes a person who is engaged in, or who, with assistance afforded under this chapter, intends to engage in, fish farming. See 7 USC 1991
Subsection (a) shall not be construed to supersede any duty imposed on the Secretary by any law or rule of law in effect immediately before January 6, 1988, unless such duty is in direct conflict with any duty imposed by subsection (a).