Regulatory
Removal of the Prohibition Against Capitalizing Accrued Interest When Restructuring CFSA Guaranteed Loans
Issued by Agriculture Department
What the record says
The issuing agencies amend their guaranteed farm credit programs loan making and servicing regulations to remove the restriction against lenders capitalizing accrued interest when restructuring loans. The intended effect is to reduce barriers which inhibit lenders from restructuring loans of delinquent guaranteed borrowers.
This is a factual description of what was issued or decided, not an assessment of it.