Sec. 3. Improvements to certain provisions of the Consolidated Farm and Rural Development Act
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Section 303(a)(1) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1923(a)(1) ) is amended by striking subparagraph
(E)and inserting the following: refinancing the indebtedness of the farmer or rancher, if the farmer or rancher— has used a direct loan under this subtitle to refinance indebtedness not more than 4 times previously; and is refinancing a debt obtained from a creditor other than the Secretary. . Section 339(d)(4)(B) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1989(d)(4)(B) ) is amended— by striking institutions to and inserting the following: institutions— to ; and in clause
(i)(as so designated)— by striking subsection relating and inserting subsection, relating ; by striking worthiness, the and inserting worthiness or the ; and by striking collection and liquidation of loans, and to and inserting the following: or collection of loans; and to . Section 353(o) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2001(o) ) is amended by striking $300,000 and inserting $600,000 .
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Sec. 3
Improvements to certain provisions of the Consolidated Farm and Rural Development Act
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