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VOLUME 17

NUMBER 73

Washington, Saturday, April 12, 1952

TITLE 6 AGRICULTURAL CREDIT
Chapter I Farm Credit Administra tion, Department of Agriculture Subchapter F Banks for Cooperatives FCA Order 543
P art
70L o a n I n t e r e st R ates
and
S e c u r it y INCREASE IN INTEREST RATE; LOUISVILLE
BANK FOR COOPERATIVES

Effective April 15, 1952, the rate of interest which may be charged by the Louisville Bank for Cooperatives, as specified in 70.5 of Chapter I, Title 6, Code of Federal Regulations1 is hereby changed to 2% per centum per annum.
Sec. 8, 46 Stat. 14, as amended; 12 U. S. C.
11411

seal
I. W . D u g g a n ,
Governor.
F. R. Doe. 52-4199; Filed, Apr. 11, 1952;, 9:05 a. m .

Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter A Farm Housing Loan and Grants FHA Instruction 443.11
P art
305 P r o cessing L o a n s
and
G r ants
SUBPART A COUNTY OFFICE ROUTINE

Subpart A in Part 305, Title 6, Code of Federal Regulations 14 F. R. 6554, 15 F. R. 6903 is amended to:
a Effect certain miscellaneous clari fying changes of language.
b Require the name of the applicant j tbe same on all loan forms and to oe shown exactly as it appears in the conveyance to the applicant of the secu rity offered in his application.
_ Provide for the use of a new form, Form FHA-444, Farm Housing Fund Analysis.
ifiRD provide for the use of Form FH A Option for Purchase of Farm, nen title insurance is to be employed.
a n L lgi nally republished in 17 F . R . 1493
amended in 17 F. R . 2587.

e Specify in greater detail the pro cedure involving the use of options.
f Provide that in no case shall the sum of the payments called for during one year by a supplementary payment agreement be greater than the amount of a regular annual installment.
g Providq for the use of Form FH A 446, Nondisturbance Agreement, in.
cases of section 502 and section 504 loans, as well as section 503 loans, made sub ject to an existing lien.
h Require a notice agreement where otherwise a prior mortgage holder could foreclose without advance notice to the junior mortgage holder.
i Require a subordination agree ment where the prior mortgage permits large or indeterminate future advances.
j Require the period of title search to be in any event no shorter than the period provided by the statute of limita tions for judgment liens.
k Permit certificates of title to be prepared by abstractors, abstracting companies, or County Recorders when authorized by law and an FHA State Instruction.

l Permit title reports, in lieu of title certificates, to be accepted when author ized by an FHA State Instruction.
m Require any abstract of title upon which a certificate of title or title report is based to be furnished along with the certificate or report.
n Provide that borrowed abstracts of title shall be returned at the time of loan closing but that all other title evi dence, except copies of deeds and prior liens, shall be retained until the loan is paid off.
o Prescribe the title evidence to be furnished when Farm Housing funds are to be used for the purchase and removal of an existing building located on land not owned by the applicant.
p Specify in greater detail the limi tations on the amount of the first install ment on a section 502, a section 503, and a section 504 Farm Housing loan, re spectively.
Subpart A as amended reads as fol lows:
Continued on p. 3223

CONTENTS
Agriculture Department
Pase
See Animal Industry Bureau;
Commodity Credit Corporation;
Farm Credit Administration;
Farmers Home Administration;
Production and Marketing Ad ministration.

Air Force Department Alaska; withdrawing public lands for use of the Department for military purposes see Land Management, Bureau o f.

Animal Industry Bureau Rules and regulations:
Rinderpest, foot-and-mouth dis ease, fowl pest fowl plague, and Newcastle disease avian pneumoencephalitis; prohib ited and restricted importa tions revised______________

3229

Army Department See Engineers Corps.

Civil Aeronautics Administra tion Proposed rule making:
Irregular air carrier and offroute rules_________________

3237

Civil Aeronautics Board See Civil Aeronautics Administra tion.

Commerce Department See also Civil Aeronautics Admin istration; International Trade, Office of; National Production Authority.
Notices :
Possession and operation of plants and facilities of certain steel companies____________ 1 3242
Telegram concerning possession and operation of certain steel companies._________;________ 3243

Commodity Credit Corporation Rules and regulations:
Tobacco; 1951 loan program__

3226

Customs Bureau Notices:
Electrical vacuum tubes; pros pective tariff classification 3221

3241