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