7 USC 2006b - Loan assessments

U.S Code last checked for updates: May 10, 2024

§ 2006b.

Loan assessments

(a)

In general

(b)

Determinations

In evaluating the farming plan and financial situation of an applicant under this section, the Secretary shall determine—

(1)

the amount that the applicant will need to borrow to carry out the proposed farming plan;

(2)

the rate of interest that the applicant would need to be able to cover expenses and build an adequate equity base;

(3)

the goals of the proposed farming plan of the applicant;

(4)

the financial viability of the plan and any changes that are necessary to make the plan viable; and

(5)

whether assistance is necessary under this chapter and, if so, the amount of the assistance.

(c)

Contract

(d)

Review of loans

(1)

In general

(2)

Contracts

(3)

Problem assessments

(e)

Guidelines

(Pub. L. 87–128, title III, § 360, as added Pub. L. 101–624, title XVIII, § 1819, Nov. 28, 1990, 104 Stat. 3830; amended Pub. L. 107–171, title V, §§ 5317, 5318, May 13, 2002, 116 Stat. 348.)

cite as: 7 USC 2006b