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Ashland County Service Center open, County Committee nominations taken

Ashland County Service Center open, County Committee nominations taken
times-gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from times-gazette.com Daily Mail and Mail on Sunday newspapers.

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USDA suspends foreclosures on farm loans

USDA suspends foreclosures on farm loans ....

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USDA temporarily suspends debt collections, foreclosures and other activities on farm loans

USDA temporarily suspends debt collections, foreclosures and other activities on farm loans
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USDA temporarily suspends some debt collections and foreclosures

Not only is USDA suspending the pipeline of adverse actions that can lead to foreclosure and debt collection, we are also working with the Departments of Justice and Treasury to suspend any actions already referred to the applicable Agency. Additionally, we are evaluating ways to improve and address farm related debt with the intent to keep farmers on their farms earning living expenses, providing for emergency needs, and maintaining cash flow, Bonnie said.
The temporary suspension is in place until further notice and is expected to continue while the national COVID-19 disaster declaration is in place.
The Farm Service Agency provides several different loans for producers, which fall under two main categories: ....

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USDA temporarily suspends debt collections, foreclosures and other activities on farm loans due to Coronavirus

Pierre, SD, USA / DRGNews
Jan 27, 2021 1:09 PM
Due to the national public health emergency caused by coronavirus disease 2019, the U.S. Department of Agriculture is temporarily suspending past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency. USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referring foreclosures to the Department of Justice; and USDA will work with the U.S. Attorney’s Office to stop judicial foreclosures and evictions on accounts that were previously referred to the Department of Justice. Additionally, USDA has extended deadlines for producers to respond to loan servicing actions, including loan deferral consideration for financially distressed and delinquent borrowers. In addition, for the Guaranteed Loan program, flexibilities have been made available to lenders to assist in servici ....

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