Oversight of the Availability of Agricultural Credit: Hearing Before the Subcommittee on Forestry, Resource Conservation, and Research of the Committee on Agriculture, House of Representatives, One Hundred Fifth Congress, First Session, February 21, 1997, Lubbock, TX. |
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Page
... SUBMITTED MATERIAL Beseda , Larry , Beseda Fertilizer , submitted
statement . . . . . . . . . . . . . . Briant , George , letter of February 14 , 1997 , to Mr .
Townsen . . . . . . . . . . . Coleman , Sandy , Agricultural Loan Packaging , submitted
statement ...
... SUBMITTED MATERIAL Beseda , Larry , Beseda Fertilizer , submitted
statement . . . . . . . . . . . . . . Briant , George , letter of February 14 , 1997 , to Mr .
Townsen . . . . . . . . . . . Coleman , Sandy , Agricultural Loan Packaging , submitted
statement ...
Page 19
The additional cost , $ 1 , 000 , $ 1 , 500 , $ 2 , 000 , sometimes more that was
required of borrowers that were already in financial difficulty , but yet had to find
that money in order to pay someone to package that loan . That packaging , I ...
The additional cost , $ 1 , 000 , $ 1 , 500 , $ 2 , 000 , sometimes more that was
required of borrowers that were already in financial difficulty , but yet had to find
that money in order to pay someone to package that loan . That packaging , I ...
Page 27
... sometimes more that was required of borrowers that were already in financial
difficulty , but yet had to find that money in order to pay someone to package that
loan . That packaging , I suspect , might contribute to this stack of applications .
... sometimes more that was required of borrowers that were already in financial
difficulty , but yet had to find that money in order to pay someone to package that
loan . That packaging , I suspect , might contribute to this stack of applications .
Page 31
You know , this packaging question , we will hear fromwell , one of my
constituents has expressed great concern about the packaging . Most private
lenders do not require packaging of their loans in order to get a loan . That was a
requirement ...
You know , this packaging question , we will hear fromwell , one of my
constituents has expressed great concern about the packaging . Most private
lenders do not require packaging of their loans in order to get a loan . That was a
requirement ...
Page 37
Congressman Stenholm had mentioned that the packaging was required and I
did want to mention that it ' s not required by law but it is required due to the
complication of the package itself . I can honestly say that none of my customers
who ...
Congressman Stenholm had mentioned that the packaging was required and I
did want to mention that it ' s not required by law but it is required due to the
complication of the package itself . I can honestly say that none of my customers
who ...
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additional affected Agency Agricultural Credit agriculture allow amount application approval asked assistance authority bank bankers believe BENNETT better borrowers certainly Certified Chairman changes closed COMBEST committee complete concerns continue COOKSIE customers debt forgiveness delinquent direct loans director district dollars eligibility employees Exhibit Farm Bill farm loan farmers Federal feel FmHA give goal going Government guaranteed loan hearing hope implemented important improve increase interest issues it's Lender Program lenders lending limit loan program look loss loss claims Lubbock meet million operating owed packaging past payment percent person portfolio probably problems producers question received record reduced rules statement STENHOLM Subcommittee talking Texas Thank things understand USDA we're