To establish a pilot program for an expedited qualification and approval process for direct farm ownership loans, and for guaranteed farm ownership loans serviced by a Preferred Certified Lender, at the Department of Agriculture.
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Summary
Based on the bill's title, this bill would establish a pilot program at the Department of Agriculture to streamline and expedite the qualification and approval process for direct farm ownership loans and guaranteed farm ownership loans that are serviced by Preferred Certified Lenders. The pilot would aim to reduce processing time and administrative burden for farmers seeking to purchase land.
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How your representatives voted
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