Homestead Protection Act of 1985 - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish an agricultural debt adjustment program which: (1) permits lenders to secure Federal guarantees (up to 90 percent) on loans in exchange for reduced interest rates on such loans; (2) permits farmers on a "break-even" basis to participate; (3) reduces the guarantee percentage over the loan's life; (4) provides for expedited loan processing; and (5) shall not consider such loans as "problem" loans.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line