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Show Review Slated by FmHA To Check Farmer Loans Reviews will begin immediately of Farmers Home Administration (FmHA) loan accounts to see which farmers in Garfield and Kane Counties need and will qualify for a one-time set aside of part of their loan, K. W. Brinkerhoff, County Supervisor said today. FmHA has been authorized to set aside up to 25 percent to a maximum of $200,000 of the debt owed the agency for farmers who are experiencing severe financial difficulty, if the set aside will help achieve a positive cash flow for the borrower. "We will begin scheduling appointments for our borrowers to review their accounts, determine if they need special assistance and see if we can make that assistance available," Brinkerhoff said. "Not every borrower will qualify for the set aside, but there might be some flther way to help, such as consolidation or rescheduling of existing loans. We will look at all alternatives," he said. Brinkerhoff said all accounts will be reviewed and that there are some exceptions, such as accounts in bankruptcy or foreclosure or those determined able to graduate to other sources of credit. |
