Show NEW LAW HELPFUL TO LOAN GROUPS julian heppler secretary treasurer of the ogden national farm loan association received word that president truman has signed the bill passed by congress which increases the th powers of the association and speeds up tip the granting of loans to farmers and under the new law may lend up to 65 per cent of the appraised normal value of the land plus plu 20 per cent of 0 the permanent improvements ments the authority to continue making commissioner loans Is extended to july 1 1946 the contract interest rate on these loans Is 5 per cent while the contract rate for land bank loans remains at the present all time low of 4 ner cent secretary treasurer heppler said that many commissioner loans have been repaid and that others have been reduced so that they can now be re financed with 4 per cent land bank loans this he said 11 is of benefit to many borrowers f for or it reduces their interest rate and consolidates their loans |