| Show MONTS MONTHS FARM LOAN applications TOP FOR YEAR applications for land bank Commiss commissioners loners loans i received ec elved lit in one month exceeded those received by the federal land banks in the whole year ending june 30 according to willain 11 II woolf goolt agent land milk bank commissioner for tile tho alth district dietr let front the dato date tile tho emergency farm mortgage act passed may 12 to july 28 applications tor for commissioner loans numbered tor for on all aggregate of 00 in all of 0 the 12 districts mr woolf states that whereas separate application forms have been used in applying for or commie stoner or land batik bank loans a joint form orm will be put into use in tho the alth district on august 20 the new joint application blank provides that a farmer armer may inay make one application for a loan and if he qualifies for or land bank loan it will be made from roin that source I 1 it part of 0 the loan can be made by the land bank and part from rom the land bank commissioners fund tho the borrower will get two loans for or the total amodt applied for or 1 if that amount does not exceed 76 75 per cent of 0 the normal value of his farm arm as determined by a land and I bank appraiser he will be nott tied led of 0 the amount which can be loaned on the security which he offers oera and it the amount Is less than the amount applied for or lie he may be able to compose tits his debts by getting his creditors to scale them down and accomplish ills hla re financing upon a basis that should assure hla his ultimate success this plan 0 of combining consideration ot of applications should havio have a beneficial effect in conserving unda funds 0 of the land bank commis stoner eloner for or use in making loans in cases where applicant la Is eligible for or relle relief that can not be offered under the regulations of 0 the land lanka |
