To Promote Farm Ownership: Hearings Before a Subcommittee of ..., 76-1 on S. 1365 ..., S. 1836 ..., March 27, 1939 |
From inside the book
Results 1-5 of 6
Page 2
... foreclosure which he may have against the mortgaged property ; " ( 10 ) contains such covenants as the Secretary shall prescribe to assure that the farm will be maintained in repair , and waste and exhaustion of the farm prevented ...
... foreclosure which he may have against the mortgaged property ; " ( 10 ) contains such covenants as the Secretary shall prescribe to assure that the farm will be maintained in repair , and waste and exhaustion of the farm prevented ...
Page 4
... foreclosure proceedings shall not be in- stituted if the mortgagor conveys to the Secretary all his right , title , and interest in the mortgaged property . If the mortgagor desires to remain in possession of the mortgaged property and ...
... foreclosure proceedings shall not be in- stituted if the mortgagor conveys to the Secretary all his right , title , and interest in the mortgaged property . If the mortgagor desires to remain in possession of the mortgaged property and ...
Page 8
... foreclosure proceedings , anticipation of maturity , giving of secondary liens , prevention of waste and exhaustion of the farm , and similar matters . mortgagee must agree to accept his insurance benefits in lieu of any right of fore ...
... foreclosure proceedings , anticipation of maturity , giving of secondary liens , prevention of waste and exhaustion of the farm , and similar matters . mortgagee must agree to accept his insurance benefits in lieu of any right of fore ...
Page 11
... foreclosure . When a fellow has shown good faith and he has a crop failure , advance him money to meet his payments rather than to have a foreclosure and take a junior mortgage or a chattel mortgage , I believe is provided there . I am ...
... foreclosure . When a fellow has shown good faith and he has a crop failure , advance him money to meet his payments rather than to have a foreclosure and take a junior mortgage or a chattel mortgage , I believe is provided there . I am ...
Page 14
... foreclosure the responsibility for foreclosure would not be on the lender but would be on the Secretary , and that would compensate somewhat for the interest rate . I am of the opinion that if the interest rate were slightly higher ...
... foreclosure the responsibility for foreclosure would not be on the lender but would be on the Secretary , and that would compensate somewhat for the interest rate . I am of the opinion that if the interest rate were slightly higher ...
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...