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Thursday, N ovem ber 22, 1951

FEDERAL REGISTER

U797

b Second, the next priority for the use of cash income is for the following purposes in the order listed:
Rural Electrification AdminlsPase Title 32A Continued Pa&e 1 To pay an amount on chattel debts Chapter I I I O PS Continued tration Continued CPR 81_______________________
11809 equal to the annual depreciation of the Notices Continued GCPR_______________________
11812chattels. I f the amount due on the chat Loan announcements Continued tel debts is less than the estimated GCPR, SR 34___________________11830
Colorado----- ------------------- 11841
amount GOR 4______________
11836 of chattel depreciation, an ex Georgia 2 documents _ 11841,11842
penditure may be allowed for new chat Chapter X V P R S :
Sikes Telephone Co_________ 11841
tels but only to the extent necessary for Reg. X ______________ ________ 11837
Kansas_______________________ 11841
continued farming in accordance with Chapter X V III N S A :
Kentucky 2 documents__ _ 11841, the approved farm plan and in an SRM-6__ ______________
11837
11842
amount which when added to the pay Mountain Rural Telephone Title 43
ments on chattel debts will not exceed Cooperative Corp., Inc__ 11841
Chapter I:
chattel depreciation. I f the Farm Hous Minnesota 2 documents____11842
11837
Part 199___________________
ing mortgage is subject to a prior lien New Mexico__________________11841
Appendix Public land orders:
on which there are amounts, overdue or Ohio _______________________ 11842
88 revoked by PLO 763______ 11838
soon to become due and the borrowers S o u t h Dakota 2 docu 660 revoked by PLO 764_____ 11838
cash income is insufficient to make pay ments_____________ 11841,11842
763 _____________________
11838
ments with respect to chattels as specif Independent Telephone, 764 _____________________
11838fled in the two preceding sentences and 11841
I n c : ______________
Title 49
also to pay in full the amounts overdue Texas 3 -documents. 11841,11843
or soon to become due on the prior lien, Chapter I:
Wisconsin __________________11842
the prior lienholders consent to letting Part 123_________________
11838
Securities and Exchange Com delinquencies remain or occur should be obtained in order to avoid foreclosure.
mission such a borrower is unable to pay his In those cases in which the borrower is Notices :
first installment in full at the time of indebted to the Farmers Home Adminis Hearings, etc.:
loan closing, he will credit the borrower tration on an Operating loan, income Blue Ridge Corp----------------- 11845
with a contribution equal to that portion from the sale of property mortgaged to Central Maine Power Co------ 11845
secure such a loan will be released only Consumers Gas Co__________ 11844 of the first installment which he is un able to pay.
in accordance with applicable Farmers Treasury Department d For each section 503 borrower Home Administration Instructions.
See Customs Bureau.
whose loan was closed prior to December 2 To pay amounts due on prior real W T6 of the payment year and who has not estate liens.
CODIFICATION GUIDE
paid in full before that date the amount 3 To pay an amount equivalent to A numerical list of the parts of the Code due as of December 31, the County Su 50 percent of the principal due on the of Federal Regulations affected by documents pervisor will determine whether the bor scheduled annual installment for the published-in this issue. Proposed rules, as rower is, in fact, unable to pay all or part year on the Farm Housing loan.
opposed to final actions, are identified as of the installment due and is therefore 4 To pay the balance of the sched such.
entitled to a contribution, or whether uled annual installment on his note and other charges on his Farm Housing debt.
Title 3
Pase the borrower had income sufficient to pay but failed to do so. This determina 5 To pay additional amounts on Chapter I I Executive orders:
chattel debts to the extent necessary to May 4, 1907see PLO 764_______ 11838 tion will be made on the basis of the in remove delinquencies or to keep the debts 9526 see PLO 763____________ 11838 formation on Form FHA-528. The bor rower is entitled to contribution credit current, provided such payments are in Title 6
on his installment only to the extent that accordance with the planned use of in Chapter III:
come as shown on the annual farm and he is actually unable to pay. Any part Part 305________________________ 11795
of the indebtedness due which it is de home plan.
Part 307__ .____ - ______________ 11795
c Third, the remaining income termined he can pay or could have paid Part 364_______________
11799
should be used for the following pur but which remains unpaid as of Decem Chapter IV:
poses, depending on the circumstances ber 31 of the payment year will consti Part 517___________________ - 11804
of the individual case:
tute a delinquency.
1 To get the. borrower ahead of Title 7
307.2 Record books. The record schedule on his Farm Housing loan and Chapter IX :
book year for section 503 borrowers will other real estate debts.
Part 959________________________ 11804
end as of November 30. Form FHA-528
2 To speed up retirement of the will be prepared on the basis of the bor Title 14
chattel or other old debts.
rowers records for the year ending No Chapter II:
3 To build up cash-operating capi Part 609______________
11805 vember 30. For section 503 borrowers tal so that less money will have to be who do not have record books for all Title 15
borrowed for this purpose.
of the first payment year, contributions Chapter III:
4 To make capital investments that will be determined on the basis of the Part 399________________________ 11804
will result in sound and justifiable ex best information available.
pansion of operations and improve Title 16
307.3 Collection policy. In general, living conditions.
Chapter I:
the collection policy prescribed for Farm 307.4 Performing checkout.
The Part 3 3 documents_______ 11805, Ownership borrowers in 337.2 of this 11806,11807
steps in completing the checkout process chapter will also apply to section 503
for section 503 borrowers will be the same borrowers during the first 5 years, ex Title 21
as those established for Farm Owner cept that a section 503 borrowers cash Chapter I:
ship borrowers in 337.2 of this chapter, income should be used as follows to de Part 141_________
11807
except that material need not be as termine whether or not he is entitled Part 146 ------- 11807
sembled for borrower meetings. Form to a contribution:
FHA-528 will be prepared by the bor Title 32A
a First, to pay farm operating and rower with the assistance of the County Chapter I I I O PS :
family living expenses, including debts Supervisor prior to December 16 of the CPR 22 2 documents.. 11809,11812
payment year for each section 503
CPR 22, SR 2________________ 11809 incurred for these purposes. These should be kept in reasonable control by borrower whose loan was closed prior to CPR 24________________________ 11813
conformance to approved farm and that date. The borrower also will be CPR 53___
11809
required to sign the completed Form home plans.
CPR 59 - _____ ________ 11812

CONTENTS Continued
CODIFICATION GUIDE Con.