Federal Register - November 24, 1955

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Source: Federal Register

O N A L -

FEDERAL!
VOLUME 20

%

REGISTER
1934 c f
A f/ T E D

NUMBER 229

Washington, Thursday, November 24, 1955
TITLE 6 AGRICULTURAL CREDIT

County Supervisor will request that the CONTENTS
preliminary title evidence be sent to the Chapter III Farmers Home Adminis Farmers Home Administration County Agricultural Conservation ProPas tration, Department of Agriculture Office. He will also request that the gram Service mortgagee policy of title insurance and Rules and regulations:
Subchapter B Farm Ownership Loans owners policy of title insurance, if any, A g r i c u l t u r a l conservation;
FH A Instruction 443.2
or other final title evidence, be sent to Alaska, 1956; miscellaneous the Farmers Home Administration P art 332 P rocessing I n it ia l L oans 8667
amendments_______ _____
County Office. The County Supervisor MORTGAGES TAKEN IN CONNECTION WITH
will request that the mortgagee title in Agricultural Marketing Service INSURED FARM OWNERSHIP LOANS
surance policy be made payable to the Proposed rule making :
Milk in Inland Empire market Sections 332.8 and 332.13 d , f , g , United States of America.
ing area; handling o f________ 8674
and h of this chapter 20 P. R. 3671, b For an insured loan, no acceptance 3672 are hereby amended to provide for o f option letter will be prepared and no Agricultural Research Service the taking of mortgages in favor of the title service will be requested until the Rules and regulations:
Government in connection with insured County Supervisor ascertains the name Foreign quarantine notices; fo r Farm Ownership loans, to conform the and address of the lender who will make eign cotton and covers. _____ 8660
processing of such loans in accordance the specific loan.
Agriculture Department therewith, and to read as follows:
Sec. 16, 69 Stat. 553 P. L. 273, 84th C ong.
See also Agricultural Conservation 332.8 Accepting option and request Program Service; Agricultural 332.13 Action by County Supervisor ing title seryce. a Subject to the pro following receipt of closing instructions.
Marketing Service; Agricultural visions of paragraph b of this section,
Research Service; Commodity Vrtien the County Supervisor -receives d Collection of appraisal fee and in Credit Corporation; Commodity Form FHA-476 indicating approval of itial loan insurance charge for insured Stabilization Service ; Farmers the loan, he will: 1 In case of a Ten loans. 1 The County Supervisor will Home Administration.
ant Purchase or Farm Enlargement collect a $20 appraisal fee from each ap Notices:
loan prepare the acceptance of option plicant at the time of loan closing. This North Carolina, disaster assistletter, Form FHA-191, Acceptance of fee may be included in the loan. Form .. ance; delineation of area and Option Vendor to Furnish Abstract, FHA-37, Receipt for Payment, will be designation of counties______ 8677
or Form FHA-191B, Acceptance of Op prepared for the appraisal fee payment.
Alien Property Office tion Vendor to Furnish Title Insur 2
The initial loan insurance chargeNotices:
ance . The original of the option ac will be collected from an insured loan Vested property, intention to re ceptance letter will be signed by the applicant at the time of loan closing.
turn:
applicant as Buyer, and by his wife i f The amount of such charge will be com De Baguer, Elvira___________
8680
she is named in the option, and mailed puted at the rate of one percent of the Kaufmann, Josefa__________
8680
to the seller. Form FHA-191B also will principal amount of the loan for the pe Sugar, Caroline Charlotte pe signed by the County Supervisor. I f riod from the date of loan closing to the Lolette Invalid von Waldit is necessary that the seller submit a first January 1 thereafter. Such charge tren-------------------8680
heposit for furnishing an abstract in con must be paid from the applicants per Werner, Kurt_______________
8680
nection with placing the order for title sonal funds. The amount of the initial insurance, information to that effect will loan insurance charge will be included Army Department De added to the option acceptance letter, on the same Form FHA-37 prepared for See Engineers Corps.
ana it will be the responsibility of the the appraisal fee payment. I f the first Commerce Department Wlnty SiipBnisra to see that the necesinstallment on the loan, or any portion See Federal Maritime Board;
sary action is taken by the seller; and thereof, is collected at the time of loan Maritime Administration.
see that the title service is requested closing, it will be entered as a regular Commodity Credit Corporation m accordance with Part 327 of this chappayment on the same Form FHA-37.
Rules and regulations:
nr V For types of loans he will stamp

Tobacco, 1955 loan program;
skrS?! ? siired or Direct on the f Mortgage forms.
Real estate schedule o f advance rates by forS, atlon for title insurance and mortgage forms in series FHA-187 will grades for certain types 2
tiHp t rd lt; to the representative of the be used for direct loans and forms in documents_______ __________ 8659
of thi Urance comPany or to the office series FHA242 will be used for insured Commodity Stabilization Service Wh?n Cf0mpany. whichever is customary. loans.
tittA? f rwarding the application for g Insurance endorsement for in Rules and regulations:
Corn ; proclamation of commer a nr.a ins,nrance or requesting title clearsured loan. The County Supervisor is cial corn-producing area for other than title insurance, the Continued on next page 1956---------- --------------------- 8666

8657

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Federal Register - November 24, 1955

TitoloFederal Register

PaeseStati Uniti

Data24/11/1955

Conteggio pagine24

Numero di edizioni7791

Prima edizione14/03/1936

Ultima edizione09/06/2026

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