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Farmers Home Administration: Loan Servicing Benefits for Bad Faith Borrowers

RCED-90-77FS Published: Nov 29, 1989. Publicly Released: Nov 29, 1989.
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Highlights

Pursuant to a congressional request, GAO provided information on Farmers Home Administration (FmHA) delinquent borrowers that acted in bad faith and who received benefits, or would be eligible to receive debt modification benefits, under the Agricultural Credit Act of 1987.

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Topics

Agricultural assistanceAmortizationDelinquent loansEligibility criteriaFarm creditFarm income stabilization programsGovernment guaranteed loansLoan defaultsLoan repaymentsReal property