Page:United States Statutes at Large Volume 99 Part 2.djvu/419

 PUBLIC LAW 99-198—DEC. 23, 1985

99 STAT. 1529

"(A) the outstanding amount of principal due on each such loan at the beginning of the summary period; "(B) the interest rate charged on each such loan; "(C) the amount of payments made on and their application to each such loan during the summary period and an explanation of the basis for the application of such payments; "(D) the amount of principal and interest due on each such loan at the end of the summary period; "(E) the total amount of unpaid principal and interest on all such loans at the end of the summary period; "(F) any delinquency in the repayment of any such loan; "(G) a schedule of the amount and date of payments due on each such loan; and "(H) the procedure the borrower may use to obtain more information concerning the status of such loans.". AUTHORIZATION OF LOAN AMOUNTS

SEC. 1317. (a) Subsection (b) of section 346 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1994(b)) is amended to read as follows: "(b)(l)(A) For each of the fiscal years ending September 30, 1986, through September 30, 1988, real estate and operating loans may be insured, made to be sold and insured, or guaranteed in accordance with subtitles A and B, respectively, from the Agricultural Credit Insurance Fund established under section 309 in an amount equal to $4,000,000,000, of which not less than $520,000,000 shall be for farm ownership loans under subtitle A. "(B) Subject to subparagraph (C), such amount shall be apportioned as follows: "(i) For the fiscal year ending September 30, 1986— "(I) $2,000,000,000 for insured loans, of which not less than $260,000,000 shall be for farm ownership loans; and "(II) $2,000,000,000 for guaranteed loans, of which not less than $260,000,000 shall be for guarantees of farm ownership loans. "(ii) For the fiscal year ending September 30, 1987—, "(I) $1,500,000,000 for insured loans, of which not less than $195,000,000 shall be for farm ownership loans; and "(II) $2,500,000,000 for guaranteed loans, of which not less than $325,00,000 shall be for guarantees of farm ownership loans. "(iii) For the fiscal year ending September 30, 1988— "(I) $1,000,000,000 for insured loans, of which not less than $130,000,000 shall be for farm ownership loans; and "(II) $3,000,000,000 for guaranteed loans, of which not less than $39,00,00 shall be for guarantees of farm ownership loans. "(C) For each of the fiscal years referred to in subparagraph (A), the Secretary may transfer not more than 25 percent of the amounts authorized for guaranteed loans to amounts authorized for insured loans. "(D)(i) For each of the fiscal years 1986, 1987, and 1988, emergency loans may be made or insured or guaranteed in accordance with subtitle C from the Agricultural Credit Insurance Fund as follows: $1,300,000,000 for fiscal year 1986, $700,000,000 for fiscal year 1987, and $600,000,000 for fiscal year 1988.

7 USC 1929.

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