Page:United States Statutes at Large Volume 92 Part 1.djvu/482

 92 STAT. 4 2 8

PUBLIC LAW 95-334—AUG. 4, 1978 law administered by the F a r m e r s Home Administration, and may forego foreclosure of any such loan, for such period as the Secretary deems necessary upon a showing by the borrower that due to circumstances beyond the borrower's control, the borrower is temporarily unable to continue making payments of such principal and interest when due without unduly impairing the standard of living of the borrower. The Secretary may permit interest that accrues during the deferral period on any loan deferred under this section to bear no interest during or after such period: Provided, That if the security instrument securing such loan is foreclosed such interest as is included in the purchase price at such foreclosure shall become part of the principal and draw interest from the date of foreclosure at the rate prescribed by law.". APPEAL AND REVIEW OF COUNTY COMMITTEE DETERMINATIONS; EXEMPTION OF GUARANTEED LOANS FROM "GRADUATION" REQUIREMENT

7 USC 1983.

Ante, p. 424. 7 USC 1922.

SEC. 123. Section 333 of the Consolidated F a r m and R u r a l Development Act is amended by— (1) at the end of subsection (b), striking out the semicolon and inserting in lieu thereof the following: ": Provided, That the Secretary may provide a procedure for appeal and review of any determination relating to a certification or recommendation required to be made by the county committee, and for reversal or modification thereof should the facts w a r r a n t such action;"; (2) in subsection (c), inserting "except for guaranteed loans," immediately before "an agreement by the borrower"; and (3) in subsection (c), inserting after "private credit source" the following: " ( o r, in the case of a borrower under section 310D of this title, the borrower may be able to obtain a loan under section 302 of this title) ". DEFINITION OF " UNITED STATES" AND " S T A T E "

7 USC 1991.

SEC. 124. Section 343 of the Consolidated F a r m and R u r a l Development Act is amended by striking out " and " immediately before " (5) " and inserting immediately before the period at the end of the section the following: ", and (6) the terms 'United States' and 'State' shall include each of the several States, the Commonwealth of P u e r to Rico, the Virgin Islands of the United States, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and, to the extent the Secretary determines it to be feasible and appropriate, the T r u s t T e r r i to r y of the Pacific Islands". AUTHORIZATION OF INSURED AND GUARANTEED LOANS AMOUNTS; PARTICIPATION BY OTHER DEPARTMENTS AND AGENCIES

7 USC 1994.

SEC. 125. The Consolidated F a r m and R u r a l Development Act is amended by adding at the end thereof new sections 346 and 347 as follows: " SEC. 346. Effective October 1, 1979, the aggregate principal amount of loans under the programs authorized under each subtitle of this title during each three-year period thereafter shall not exceed such amounts as may be authorized by law after the date of enactment of this section. There shall be two amounts so established for each of such programs and for any maximum levels provided in appropriation Acts for the programs authorized under this title, one against which direct and insured loans shall be charged and the other against which

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