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FEDERAL
VOLUME 20

REGISTER
1934

NUMBER 216

Washington, Friday, November 4, 7955
TITLE 6 AGRICULTURAL CREDIT

Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter E Account Servicing
FHA Instruction 451.6
P art 365R efinancing of L oan A ccounts SOIL AND WATER CONSERVATION LOANS
Part 365, Title 6, Code of Federal Reg
ulations 19 F. R. 3539 is revised to in corporate refinancing regulations with respect to Soil and Water. Conservation loans and to read as follows:
Sec.
365.1 General.
365.2 When to request borrowers to re finance.

365.3 Determining which borrowers should refinance.
365.4 Notice to borrowers.
365.5 Action when borrower fails to re finance.
Authority : 365.1 to 365.5 issued under R. S. 161, sec. 6 3, 50 Stat. 870, sec. 41 i, 60 Stat. 1066, sec. 510 g, 63 Stat. 438, sec.
4 c, 64 Stat. 100; 5 U. S. C. 22, 16 U. S. C.
590w 3, 7 U. S. C. 1015 i, 42 U. S. O. 1480
g, 40 U. S. C. 442 c. Statutes inter preted or applied are cited to text in paren theses.

he is able to obtain credit for this pur CONTENTS
pose from a responsible cooperative or private credit source on terms and con Agricultural Marketing Service ditions which he can reasonably be ex Proposed rule making:
pected to fulfill.
Milk:
c Borrowers indebted for Production Inland Empire___________ _
and Subsistence loans. A borrower will Minneapolis-St. Paul, Minn_
be requested to refinance his Production Tulsa-Muskogee, Okla_____ _
and Subsistence loan indebtedness when Tomatoes grown in Florida;
it appears, by reason of his progress in limitation of shipments____ _
carrying out the planned improvements Rules and regulations:
in his farming operations or for any Milk; Chicago, 111___________
other reason, th at he is able to obtain credit for this purpose from local sources Agricultural Research Service at rates and terms prevailing in the area. Proposed rule making:
Brucellosis in-domestic animals;
Secs. 3 b 7, 12 c 4 ,44 c, 60 Stat.
interstate movement of ani 1075, 1076, 1069, sec. 502 b 3, 63 Stat. 433, mals____ ________________
sec. 2 f, 64 Stat. 99, secs. 9, 10 a 1, 68
Stat. 735; 7 U. S. C. 1003 b 7, 1005b c 4, 1018 C, 42 U. S. C. 1472 b 3, 40
U. S. O. 440 f, 16 U. S. C. 590X-2, x-3 a 1

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Agriculture Department
See Agricultural M a r k e t i n g Service; Agricultural Research Service; Commodity Exchange Authority; Commodity Stabili zation Service; Farmers Home Administration.

365.3 Determining which borrowers should refinance. In order to determine properly which borrowers should seek refinancing, the County Supervisor and the County Committee must be currently Civil Aeronautics Board informed with respect to the lending pol icies of the various sources of agricul Notices:
Lineas Aereas De Nicaragua, tural credit in the area. This involves S. A. Lanica; cancellation considering the suitability of the avail of hearing_____ ___________
able credit as well as knowing the finan 365.1 General. This part pre cial, security, and other requirements for Commerce Department scribes the policies and procedures re such credit.
a Review of cases by County SuperSee Federal Maritime Board.
lated to the refinancing of the outstand visor and County Committee. Once each Commodity Exchange Authority ing balance of a borrowers indebtedness owed to or insured by the Farmers year, not later than 90 days followingthe Notices Boards of trade; designation as Home Administration in connection with end of the crop year, the County Super contract markets under Cominsured and direct Farm Ownership, visor will submit to the Committee the modity Exchange Act______ _
insured and direct Soil and Water Con names of those borrowers indebted for servation, Farm Housing, and Produc Farm Ownership, Farm Housing, Soil Commodity Stabilization Service and Water Conservation, or Production tion and Subsistence loans.
and Subsistence loans who appear to Notices:
365.2 When to request borrowers to meet the conditions set forth in 365.2.
Sugar or liquid sugar, entry into refinancea Farm Ownership and The County Supervisor will furnish the continental United States;
Farm Housing borrowers. A borrower Committee with sufficient in fo rm atio n to Cuba____________________
will be requested to refinance his Farm arrive at a recommendation as to Ownership or Farm Housing indebted whether such borrowers should be en Defense Department ness when it appears th at he has acquired couraged to refinance the unpaid bal Rules and regulations:
sufficient equity in his real estate to en ances on their loans. The Committee Motor vehicles transporting ex able him to obtain credit for this pur will review the progress these borrowers plosives and certain other pose from a responsible cooperative or have made in reducing their indebted dangerous articles; special in Private source at rates, but not to ex ness and will indicate to the. County structions for drivers_______
ceed five percent per annum, and on Supervisor the borrowers whom the Farmers Home Administration terms prevailing in the area.
b Soil and Water Conservation bor Committee believes have progressed Rules and regulations:
sufficiently to obtain suitable credit from Refinancing of loan accounts;
rowers. A borrower will be requested to soil and water conservation refinance his Soil and Water Conserva other sources. The County Supervisor, loans____________________
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