Farm Service Agency March 2007 – Federal Register Recent Federal Regulation Documents

This action proposes to clarify and simplify the number of days' interest that may be paid on loss claims. The liquidation provisions currently provides a timeframe for the interest payment based upon ``the date of the decision to liquidate'' which is often difficult to determine. In addition, the Agency is clarifying the application for payment after liquidation and the guaranteed lender's responsibility for future recoveries.