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Show FmHA Offers Morel New Farmers Home Administration (FmHA) regulations allow commercial banks and other lenders to write down Interest rates for farm borrowers who could not otherwise get a production loan for spring planting according to Utah FmHA State Director, E. Lee Hawkes. The Regulations, published in the Federal Register Feb. 125, are in addition to earlier rule changes which helped lenders make loans to some .farm borrowers who were having trouble making payments on their loans. The earlier changes, announced last September, offered an FmHA guarantee on a portion of the loan If the lender agreed to write off at least ten percent of the principal. The FmHA guarantee is an agreement that the Federal Government will make up part of the loss to the lender if the borrower defaults. Banks and other lenders told FmHA that they could help more farm borrowers if they could write down interest rates instead of, or in combination with, writing off part of the principal. In response to their |