Show S I ILAND LAND BANKS ADOPT POLICY OF LENIENCY WASHINGTON April 21 A t A policy of leniency under which fore fore- losure proceedings closure proceedings will be instituted only when every other avenue to prevent prevent pre pre- vent loss is exhausted has been adopted by the federal land banks The farm loan board announced to today today today to- to day that foreclosure proceedings as of March 31 were begun on only 18 per cent of cases where farmer bor bor- bor- bor rowers had failed to ful obligations obligations obligations under the loan contract Where the farmer plays square the banks arc are showing all possible patience pa pa- tience a representative of the board said Practically every case where foreclosure foreclosure fore tore closure proceedings are arc begun seats instances where the farm has been abandoned or the farmer borrower borrower borrower bor bor- rower has hns decided he will make no further attempt to pay pax taxes or his indebtedness 1 |