To Promote Farm Ownership: Hearings Before a Subcommittee of ..., 76-1 on S. 1365 ..., S. 1836 ..., March 27, 1939 |
From inside the book
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Page 2
... amortization provisions satisfactory to the Secre- tary requiring periodic payments by the mortgagor not in excess of his reason- able ability to pay as determined by the Secretary , such periodic payments to be made to the Secretary as ...
... amortization provisions satisfactory to the Secre- tary requiring periodic payments by the mortgagor not in excess of his reason- able ability to pay as determined by the Secretary , such periodic payments to be made to the Secretary as ...
Page 8
... amortized plan and must not provide for an interest rate in excess of 3 percent . It must contain provisions satisfactory to the Secretary with respect to insurance , repairs , alterations , payment of taxes , default reserves ...
... amortized plan and must not provide for an interest rate in excess of 3 percent . It must contain provisions satisfactory to the Secretary with respect to insurance , repairs , alterations , payment of taxes , default reserves ...
Page 12
... amortized over a 40 - year period with interest limited to 3 percent . It is , of course , quite likely that many individual owners would be glad to dispose of their farms in exchange for these insured mortgages . In addition , where ...
... amortized over a 40 - year period with interest limited to 3 percent . It is , of course , quite likely that many individual owners would be glad to dispose of their farms in exchange for these insured mortgages . In addition , where ...
Page 13
... amortization period . Senator THOMAS . Does the bill follow any other law that we have in existence pertaining to other loans ? Mr. ALEXANDER . It follows generally , so far as amortization and interest rates are concerned , the ...
... amortization period . Senator THOMAS . Does the bill follow any other law that we have in existence pertaining to other loans ? Mr. ALEXANDER . It follows generally , so far as amortization and interest rates are concerned , the ...
Page 15
... amortization and the interest , the taxes and the insurance , it is usually a little less than the rent for that same farm in the past , and that is just about as low as you can get . They are certainly in a better position , paying ...
... amortization and the interest , the taxes and the insurance , it is usually a little less than the rent for that same farm in the past , and that is just about as low as you can get . They are certainly in a better position , paying ...
Common terms and phrases
Act is amended amended by inserting amortization appraisal appropriated approval Arkansas Bankhead-Jones Farm Tenant Chairman county committee debentures issued Department of Agriculture ending June 30 excess family-sized farms Farm Security Administration Farm Tenant Act farm-tenant Farmers Loan Corporation farming operations Federal Housing Administration fiscal year ending foreclosure gage HENSON insert in lieu insured mortgages interest rate investors June 30 land liens lieu thereof loans on farms Louisiana Mississippi mort Mortgage Insurance Fund mortgaged property mortgagor North Dakota Number of farms number of tenant OPPENHEIMER paper referred percent present principal obligation proposes to conduct purchase price rate of interest referred to follows repairs and improvements Secre Secretary of Agriculture section 42 Senator BANKHEAD Senator FRAZIER Senator LEE Senator Lee's amendment Senator Lee's bill Senator THOMAS South Carolina subcommittee subsection tary tenant farmers tenant purchase program title IA total number Treasury unconditionally guaranteed United W. W. ALEXANDER
Popular passages
Page 7 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 4 - ... determined by the Commissioner with the approval of the Secretary of the Treasury, at the time the mortgage was accepted for insurance, but not to exceed 3 per centum per annum...
Page 2 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
Page 4 - ... (c) Debentures issued under this section shall be in such form and denominations in multiples of $50, shall be subject to such terms and conditions, and shall include such provisions for redemption, if any, as may be prescribed by the Administrator with the approval of the Secretary of the Treasury, and may be in coupon or registered form.
Page 8 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 7 - ... transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act, as amended, are extended to include any purchases of such notes and obligations.
Page 3 - Such purchases shall be made at a price which will provide an investment yield of not less than the yield obtainable from other investments authorized by this section. Debentures so purchased shall be canceled and not reissued.
Page 7 - ... in the Treasury not otherwise appropriated, and thereupon to the extent of the amount so paid the Secretary of the Treasury shall succeed to all the rights of the holders of such bonds.
Page 6 - All funds available for carrying out this Act shall be available for allotment to the bureaus and offices of the Department of Agriculture and for transfer to such other agencies of the Federal Government as the Secretary may request to cooperate or assist in carrying out the provisions of this Act.
Page 4 - For the purposes of this subsection, the value of the mortgage shall be determined...