comments last updated: August 9, 2024
In the WeedsDocument ID FSA-2023-0003-0001
Federal Register ID 2024-16828
Docket ID FSA-2023-0003
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Explore supplementary materials on regulations.govThe Farm Service Agency FSA is amending the Farm Loan Programs FLP regulations to implement the Distressed Borrower Set-Aside DBSA Program and other changes. DBSA will provide a new loan servicing program for financially distressed borrowers that will allow for the deferral of one annual loan installment at a reduced interest rate. DBSA will provide a simpler option to resolve financial distress than existing loan servicing programs. In addition to helping borrowers by adding DBSA as a new loan servicing program FSA is amending the FLP regulations to revise loan making and servicing to improve program access and delivery. This rule is part of FSA's ongoing efforts for farm loans to remove barriers to capital access and increase opportunities for borrowers to be successful.