Loading chat...
ND SB2081
Bill
AI Summary
- Increases the maximum term for real estate loans under the beginning farmer loan program from 25 years to 30 years.
- Maintains the maximum term of farm equipment or livestock loans at 7 years.
- Extends the maximum loan term under the family farm loan program from 20 years to 30 years.
- Allows borrowers to repay loans in full or in part at any time, subject to mortgage conditions.
- Passed with unanimous support: 47-0 in the Senate and 94-0 in the House.
Legislative Description
The term of loans for beginning farmers and the family farm loan program.
Last Action
Filed with Secretary Of State 04/25
4/26/2011
Committee Referrals
Agriculture1/4/2011
Full Bill Text
No bill text available