S 2144
99th Congress
Senate
Agriculture and Food
Agricultural credit
Agriculture and Rural Affairs
Foreclosure
Landowner Protection Act of 1986
Introduced: March 5, 1986
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 7, 1986
Committee on Agriculture received executive comment from Agriculture Department.
Apr 23, 1986
Committee on Agriculture received executive comment from Farm Credit Administration. Unfavorable.
Mar 20, 1986
Committee on Agriculture requested executive comment from Agriculture Department, Farm Credit Administration.
Mar 20, 1986
Referred to Subcommittee on Agricultural Credit.
Mar 5, 1986
Read twice and referred to the Committee on Agriculture.
Mar 5, 1986
Introduced in Senate
Plain-English summary
Landowner Protection Act of 1986 - Amends the Farm Credit Act of 1971 to require a Farm Credit System institution to restructure, rather than foreclose, a loan to an eligible borrower if foreclosure costs equal or exceed restructuring costs.
Sets forth borrower appeals procedures.
Requires a program report to the Congress within 270 days. Terminates such program one year after enactment of this Act, or 90 days after submission of such report, whichever is later.
What's happening now
Committee on Agriculture received executive comment from Agriculture Department.
Committees of jurisdiction
2
Cosponsors
1