Page:United States Statutes at Large Volume 106 Part 5.djvu/514

 106 STAT. 4152 PUBLIC LAW 102-554—OCT. 28, 1992 SEC. 18. PHOCE8SINO OF APPLICATION8 FOR FARM OPERATING LOANa Section 333A(a)(2) (7 U.S.C. 1983a(a)(2)) is amended— (1) by inserting "(Ar after'X2r; (2) by inserting 'pother than under subtitle B)" after 'Sinder this title; and (3) by adding at the end the following new subparagraph: "(B)(i) Not later than 10 calendar days afl»r the Se^etary receives an application for an operating loan or loan guarantee vinder subtitle B, the Secretary shall notify the applicant of any information requhred before a decision may be made on the application. On receipt of an application, the Secretary shall request from other parties such information as may be needed in connection with the application. "(ii) Not later than 15 calendar days after the date an agency of the Department of Agriculture receives a request for information made pursuant to clause (i), the agency shall provide the Secretary with the requested information. "(iii) If, not later than 20 calendar days after the date a request is made pursuant to clause (i) with respect to an application, the Secretary has not received the information requested, the Secretary shall notify the applicant and the district office of the Farmers Home Adioinistration, in writing, of the outstanding information. "(iv) A county ofiGce shall notify the district office of the Farmers Home Administration of each application for an operating loan or loan guarantee under subtitle B that is pending more than 45 days after receipt, and the reasons the application is pending. "(v) A district office that receives a notice provided under clause (iv) with respect to an application shall immediately take steps to ensure that final action is taken on the application not later than 15 days afl»r the date of the receipt of the notice. ^poi^ Farmers Home Administration on each application for an operating loan or loan guarantee under subtitle B that is pending more than 45 days after receipt by the county committee, and the reasons the »>plication is pending. (yii) Each month, the Secretary shall notify the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate, on a Stateby-State basis, as to each application for an operating loan or loan guarantee under subtitle B on which final action had not been taken within 60 calendar days after receipt by the Secretary, and the reasons final action had not been taken.. SEC. 14. GRADUATION OF SEASONED DIRECT LOAN BORROWERS TO THE LOAN GUARANTEE PROGRAM. Section 333A (7 U.S.C. 1983a) is amended by adding at the end the following new subsection: "(f)(1) As used in this subsection: "(A) The term 'approved lender* means a lender approved prior to the date of enactment of this subsection by the Secretary under the approved lender program established by exhibit A to subpart a of part 1980 or tilie 7, Code of Federal Regulations (as in effect on January 1, 1991), or a lender certified under section 114. "(B) The term 'seasoned direct loan borrower' means a borrower receiving a direct loan under this title who has been
 * X^n) 'nie district office shall report to the State office of the

�