Farm Service Agency May 15, 2006 – Federal Register Recent Federal Regulation Documents

Guaranteed Loan Fees
Document Number: E6-7326
Type: Proposed Rule
Date: 2006-05-15
Agency: Department of Agriculture, Farm Service Agency
The Farm Service Agency (FSA) proposes to amend the regulations for guaranteed loans to change the amount charged and collected in order for the FSA to provide a guarantee. Except in certain limited cases, FSA currently charges a fee of one percent (1%) of the guaranteed amount on all guaranteed Farm Ownership (FO) loans, and guaranteed Operating Loans (OL). The rule change is necessary for the Agency to be able to offset the cost of the guaranteed loan program so as to maintain program funding at levels that will best service farmers and ranchers.
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