7 U.S. Code § 1981d - Notice of loan service programs
The Secretary shall provide notice by certified mail to each borrower who is at least 90 days past due on the payment of principal or interest on a loan made or insured under this chapter.
All notices required by this section shall be contained in the regulations implementing this chapter.
The Secretary shall consider a farmer program borrower for all loan service programs if, within 60 days after receipt of the notice required in this section or, in extraordinary circumstances as determined by the applicable State director, after the 60-day period, the borrower requests such consideration in writing. In considering a borrower for loan service programs, the Secretary shall place the highest priority on the preservation of the borrower’s farming operations.
For definition of “this chapter”, referred to in subsecs. (a) and (c), see note set out under section 1921 of this title.
1996—Subsec. (a). Pub. L. 104–127 substituted “90 days past due on” for “180 days delinquent in”.
1992—Subsec. (e). Pub. L. 102–554, which directed the insertion of “or, in extraordinary circumstances as determined by the applicable State director, after the 60-day period” after “not later than 60 days after receipt of the notice required in this section”, was executed by making the insertion after “within 60 days after receipt of the notice required in this section” to reflect the probable intent of Congress.
1990—Subsec. (b)(1). Pub. L. 101–624, § 1807(1), inserted “debt settlement programs,” after “preservation loan service programs”.
Subsec. (e). Pub. L. 101–624, § 1807(2), substituted “60 days” for “45 days”.
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