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Data / Federal rules / 2024-16828

Enhancing Program Access and Delivery for Farm Loans

The Farm Service Agency published this final rule in the Federal Register on August 8, 2024. It took effect on September 25, 2024.

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What the agency says

The 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.

Key facts

Document number
2024-16828
Type
Final rule
Action
Final rule; with request for comment
Agency
Agriculture Department; Farm Service Agency
Published
August 8, 2024
Takes effect
September 25, 2024
Dates
Effective date: September 25, 2024.
Docket
Docket No. FSA-2023-003
Regulation ID (RIN)
0560-AI61
Code of Federal Regulations
7 CFR 761; 7 CFR 762; 7 CFR 764; 7 CFR 765; 7 CFR 766; 7 CFR 768; 7 CFR 769; 7 CFR 770
Topics
Accounting; Agriculture; Credit; Loan programs-agriculture; Rural areas
Significant
Yes, under Executive Order 12866
Pages
44

The document on federalregister.gov PDF

Other documents from the Farm Service Agency

Everything from the Farm Service Agency · Rules on accounting · Rules on agriculture · Rules on credit · Published in August 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.