A bill entitled "Farm Foreclosure Relief Act".

1/1
Status In Committee
Sponsor William Alexander
Citation 99-HR-4266
Actions 3
Introduced Feb 27th, 1986
Cosponsors
Last Action Mar 3rd, 1986
Policy Area
✓
Introduced House Feb 27
House
Senate
President
Enacted

Summary

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Amends the Consolidated Farm and Rural Development Act to exempt from foreclosure an obligor's principal residence and acreage and up to $7,500 of personal property. Permits an individual to waive such exemption. Authorizes the Secretary of Agriculture, in lieu of such exemption, to sell the residence (under conditions set forth by this Act) and exempt the first $50,000 of the sale's proceeds.

Actions

3
House
INTRODUCED
INTRODUCED
Feb 27, 1986
ON FLOOR
REFERRED TO COMMITTEE
COMMITTEE
REFERRED TO SUBCOMMITTEE
Mar 3, 1986
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