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DERAL
9 3 4

VOLUME 17

NUMBER 183

Í//V ITE O %

Washington, Thursday, September 18, 1952
TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter B Farm Ownership Loans Administration-Letter 260 44 3
P art
332 P r o c e s s in g I n s u r e d L o a n s
EFFECTIVE DATE OF MORTGAGE INSURANCE
FOR INSURED LOANS FROM STATE RURAL
REHABILITATION CORPORATION FUNDS

The last sentence of paragraph h of 332.10, Title 6, Code of Federal Regula tions 17 F. R. 1079, is amended to pro vide that the date of loan closing will be inserted in the insurance endorsement on the promissory note as the effective date of the insurance of the mortgage.
As amended, paragraph h will read as follows:

the same date appearing on the United States Treasury check for the loan, and the date of the first repayment install ment will be the following March 31.
The date of loan closing will be inserted in the insurance endorsement on the promissory note as the effective date of the insurance of the mortgage.
Sec. 41, 60 Stat. 1066; 7 U . S. C. 1015

B. L asseter , Administrator, Farmers Home Administration.

seal
S e p te m b e r
D ill a r d
5,1952.

Approved: September 12,1952.
C.

J. M c C o r m ic k , Acting Secretary of Agriculture.

F. R. Doc. 52-10164; Filed, Sept. 17, 1952;
8:52 a. m.

332.10 Closing of loan.
h
The due date of the first install ment on the loan will be the first March 31st following the date of the loan clos Subchapter F Miscellaneous Regulations ing. The amount of the first install ment, not to exceed 4.326 percent of the FH A Instruction 447.1
loan, will be agreed upon mutually by the P art 383 O rchard L o a n P ro g r am County Supervisor and the borrower, taking into consideration the borrowers REVISED APPLICATION AND CERTIFICATION
financial circumstances, and the extent FORMS
to which he will receive income from the Section 383.9 a , Title 6, Code of Fed farm during the calendar year preceding eral Regulations 15 F. R. 6905 is the date of the first installment. When amended to provide for the use of Form ever possible, the first installment should FHA-197, Application for FHA Serv be not less than the interest that will ices, Form FHA-197A, Report on Ap accrue on the loan from the date of clos plication for Loan, and Form FHA-910, ing to the first March 31st thereafter.
Statement of Loss and Certifications, In special cases, however, where the bor in lieu of Form FHA-202, Application rower will not have income from his and Certifications for Disaster Loan.
farm during the calendar year preced The section as amended reads as follows:
ing the first due date, a nominal payment 383.9 lo a n forms and routines of less than the interest may be accepted.
a Applications. Applications for or The County Supervisor should advise the chard loans will be made to the county borrower, in the event of disagreement, office of the Farmers Home Administra that it is the duty of the County Super tion. The applicant will be required to visor to determine the amount of the first execute Form FHA-197, Application for installment based on the foregoing con FHA. Services, Form FHA-197A, R e ditions. The promissory note will be port on Application for Loan, and Form dated as of the date of loan closing, ex FHA-910, Statement of Loss and Certi cept when the loan is made from State fications. In the case of applications Rural Rehabilitation Corporation funds for subsequent orchard loans, Form under an agreement executed pursuant FHA-197 will be required only when the to section 2 f of the Rural Rehabilita borrower has changed farms since his tion Corporation Trust Liquidation Act.
In such case the note will be dated with Continued on p. 8377

CONTENTS
Agriculture Department
Pas
See Farmers Home Administra tion; Production and Market ing Administration.

Army Department See Engineers Corps.

Civil Aeronautics Board Notices :
Consolidated Flower Shipments, Inc., et al.; notice of oral ar gument _____________________

8401

Commerce Department See International Trade, Office of;
National Production Authority.

Customs Bureau Rules and regulations:
Articles conditionally free, sub ject to a reduced rate, etc.;
transportation in bond and merchandise in transit; offi cial supplies for U. 5. diplo. matic officers; direct exporta tion ________________________

8379

Defense Solid Fuels Adminis tration Rules and regulations:
Bituminous coal, distribution of SFO 3 ____________________

8389

Ecomonic Stabilization Agency See also Price Stabilization, Office of ; Rent Stabilization, Office of.
Notices :
Assistant Economic Stabiliza tion Administrator et al.; del egation of authority to act as Administrator_______________
Critical defense housing area, Williamsport, Pa.; approval of extent of relaxation of credit controls_______________

8408

8109

Engineers Corps Rules and regulations:
Bridge regulations ; Choptank River, Maryland_____________

8391

Farmers Home Administration Rules and regulations:
Orchard loan program; revised application and certification forms_______________________
Processing insured loans; effec tive date of mortgage insur ance for insured loans from State Rural Rehabilitation Corporation funds__________
8375

8375

8375