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VOLUME 17

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NUMMR234

Washington, Tuesday December 2, 1952
TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter E Account Servicing
Administration Letter 291 451

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P art 361 R o u tin e

Subpart B S ervicing F arm O w nership and F arm H ousing L oans PAYMENTS ON LOAN ACCOUNTS

1. Section 361.22 d 1, Title 6, Code of Federal Regulations 16 F. R. 12539
is amended to delete reference to Form FHA-528, Annual Income Return.
This form is no longer used to record the accumulated amounts matured on direct and insured Farm Ownership loans.
Section 361.22 d 1, as amended, will read as follows: , 361.22 Definitions.
d Maturity .status 1 Direct and insured Farm Ownership loans. A bor rower with a direct or insured Farm Ownership loan will be current when his cumulative regular payments through the last preceding March 31 are equal to the accumulated amounts matured.
Such a borrower will be prepaid or de linquent, respectively, when such regular payments are greater or less than such accumulated amounts matured.
Sec. 41 i 60 Stat. 1066; 7 TJ. S. C. 1015 i

2 Section 361.24 a 1 and 2 i, Title 6, Code of federal Regulations 16

Promissory Note Variable Payment CONTENTS
Plan if he has not transferred to Pay ment Plan II. Payment Plan I applies Agriculture Department Pag also to a transferee who assumed the See Entomology and Plant Quar obligation of a variable payment trans antine Bureau; Farmers Home feror whose loan was approved prior to Administration; Production and November 1, 1946, unless the transferor Marketing Administration;
or transferee has signed Form FHA-165, Census Bureau Variable-Payment Agreement. Under Payment Plan I, the amount to be ma Notices:
Retailers inventories and sales;
tured each year will be determined by consideration for surveys___ 10891
the County Supervisor from an analysis of the years farm operations and on the Civil Aeronautics Board basis of the borrowers ability to pay. Notices:
The County Supervisor will notify the Indiana-Ohio local service case, borrower by memorandum of the amount reopened hearing_____ _____ 10898
of the payment on his account to be Commerce Department made for the year.
See Census Bureau; Federal Mari 2 Payment Plan II.
time Board; National Produc i On the basis of an analysis of the tion Authority; Patent Office.
years farm operations, the County Supervisor will determine each year. Economic Stabilization Agency following the borrowers first full crop See Price Stabilization; Office of.
year on the farm whether the borrowers . Entomology and Plant Quaran income for the year was normal or tine Bureau above-normal or below-normal, un Rules and regulations:
less deferred payments have been Foreign quarantine n o t i c e s ;
authorized. If deferred payments have amendment of administrative been authorized, the first such determi instructions p r e s c r i b i n g nation will be made for the year for method of treatment of cer tain fruits from Mexico_____ 10847
which the first full annual installment is scheduled on the promissory note. The Farmers Home Administration County Supervisor will notify the bor Rules and regulations:
rower by memorandum of such determi Farm ownership loans, servic ing:
nation and of the minimum required Management and disposition payment on his account for the year.
of acquired farms_________ 10845
Such minimum required payment will Payments on loan accounts.. 10843
never exceed the amount of one annual installment on the note plus other Federal Maritime Board Notices:
charges for the year.
Mitsui Steamship Co., Ltd., et Sec. 41 i, 60 Stat. 1066; 7 U. S. C. 1015 i.
al.; agreements filed with Interprets or applies sec. 48, 60 Stat. 1070, Board for approval__ _______ 10891
sec. 48, 50 Stat. 531; 7 U. S. C. 1022

F. R. 12540 is amended to delete refer ence to Form FHA-528 and to provide tor notification to the borrower by memorandum as to whether the borrower s income for the year was normal or above normal or below normal and the required payment on his account for the year. Section 361.24 a 1 and seal
D illard B . L asseter , i, as amended, will read as follows:
Administrator, _ 361.24 Payment plans a Farm Farmers Home Administration.
Ownership loans.
N ovember 14, 1952.
1 Payment Plan I. Payment Plan Approved: November 26, 1952.
applies to each borrower with a direct ; arm Ownership loan whose loan was C harles F. B rannan , approved prior to November 1, 1946, and Secretary of Agriculture.
5 10 Slgned Form FSA-LE 228, Variable F. R. Doc. 52-12723; Filed, Dec. 1, 1952:
Payment Agreement, or Form FSA-550, 8:54 a. m.

Federal Power Commission
Notices:
Hearings, etc.:
Arizona Public Service Co.
and Northern A r i z o n a Light & Power Co________ 10886
Department of the Interior and Southwestern Power Administration___________ 10886
Texas Eastern Transmission Corp. and Wilcox Trend Gathering System, Inc__ 10886
10843