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VOLUME 24

O y v r rE O

NUMBER 24

Washington, Wednesday, February 4, 1959

Title 6 AGRICULTURAL
CREDIT
Chapter III Farmers Flame Adminis tration, Department of Agriculture SUBCHAPTER E ACCOUNT SERVICING
FH A In stru ctio n 451.6

PART 365 REFINANCING OF
LOAN ACCOUNTS
Credit Counseling and Graduation of Borrowers to Other Credit Sources
Part 365, Title 6, Code of Federal Regulations 20 F.R. 8279 is revised to read as follows:
Sec.
365.1
365.2
365.3
365.4

Scope.
Policy.
Credit counseling.
Graduation of Farmers Home Ad ministration borrowers to other sources of credit by voluntary means.
365.5 Action when borrower fails to grad uate by refinancing Authoetty; 365.1 to 365.5 issued under R7n If08 47, 50 Stat. 528, as amended, sepf 63 Stat- 437>sec- 10>68 Stat. 735, 100: 5 U.S.C. 22, 7 U.S.C. 1015, 590T-f V 90w- 42 U.S.C. 1480, 16 U.S.C.

2 50L1 r apply secs524 at
3>21, 44>

as W A d ed , 523, as amended, amended 631 530, as amended, 869, as ?Ss 2 ip n f - i 1, 54 Stat- 1122. as amended, as amended4 I 07 ta t 1062, 85 am en d ed > 1076,
501 502

SS amended. secs. 1, 2, 1,
amended 2 J l 52 63 stat- 43>

436 883 Sriai mended, 82, 432, 433, 434, 1, i S ot038dec- 2 64 Stat- 68, secs. 9, 10, 69 Stat 553 J35 999> as amended, sec. 16, 1090 secs3m 1? eded secs-1> 8, 70 Stat. 525, iOOl,

mn7 1:ini2o S ta t- 8401 841> 7 U S.C.

7 n.S.cinmw I018 16 U-S-C- 590s, 590z;48a-i 1..Note 105b, U.S.i 1148al 1005b- 1005d, 12 U.S.i 72,1473
1148a-2. 42 U-S.C. 147
440,16 US e Sin14!9 7 U-S-c - 1006a, 40 U.S.i Note, 7 s c SS
i 9X 3 ,1 2 U S -C 1148a-

l06e, 16UsicnJ 6 USCi006a>7 U-S.<

Visions internro+

Parentheses
O ther sta tu to ry pre
r applied are cited to tei
365-i s TOpe.
fpL

ioUowedP? a PLlSCribes the Policies to b a when counseling with as
plicants and other persons making CONTENTS
inquiry at Farmers Home Administration offices edheerning agricultural credit as Agricultural Marketing Service Page sistance, tb when counseling with Notices:
Farmers Home Administration borrowers Chandler Auction Co. et al.;
concerning the use of Farmers Home Ad proposed posting of stockministration and other credit, and c in yards ______ __________ ___ 820
the graduation of such borrowers to Proposed rule making:
other sources of suitable credit, as soon .Filberts grown in Oregon and as they have progressed to the point W ashington______________
787
where such credit is available to them.
Milk in Washington, D.C., m ar keting area_____ 1 _________
767
3 6 5 .2 P olicy.
Tomatoes grown in Lower Rio The Farmers Home Administration Grande Valley in Texas_____
792
credit programs will be administered in Rules and regulations:
a manner to assure th a t they will not Oranges, navel, grown in Ari supplant or compete with suitable credit zona and designated part of available to farmers from other reliable California.._______________
756
sources.
Potatoes, Irish, grown in Red River Valley of North Dakota 3 6 5 .3 Credit counseling.
and Minnesota___ ________ _
757
a Responsibilities of the County Supervisor. The County Supervisor is Agriculture Department responsible for counseling with appli -See Agricultural Marketing Serv ice; Commodity Stabilization cants and borrowers concerning 1 the, Service; Farmers Home Admin manner in which credit should be used istration.
to make sound and profitable adjust ments and improvements in their farm Army Department ing operations, 2 the other credit Rules and regulations:
sources available to farmers in the area Army Reserves; appointment in and the general conditions under which Judge Advocate Generals credit from such sources is available, and Corps Branch____________
763
3 how farmers and ranchers should present their requests for credit services Atomic Energy Commission Notices:

to other lenders.
University of Florida; proposed b Credit counseling with farmers issuance of facility license__
820
and ranchers inquiring about Farmers Home Administration credit sources. Civil Aeronautics Board Inquiries and applications are received Notices.:
in County Offices periodically from indi Pacific-Southwest local service viduals who either 1 should be able to case; hearing______ __ ___ _ 821
obtain suitable credit from other sources Rules and regulations:
Air carriers:
because of the resources available to Exemption from certain re them or 2 are unable to qualify for quirements __ ______ ____ i 758
Farmers Hqme Administration credit assistanee, due to lack of resources or for Flight schedules; realistic scheduling required; report some other Valid reason, but may be able ing of flight delays_______
to obtain some credit from another 757
source to enable them to continue in Commodity Stabilization Service business if their proposed farm and home Proposed rule making:
operations and requests for credit can be Acreage and performance de properly adjusted. County Supervisors termination_______________
814
will provide credit counseling assistance Rules and regulations:
to such individuals., as well as to appliWheat; excess acreage utiliza Continued, on p. 755
tion dates_________ _______
756
753