UNDERWRITING FORMS AND STANDARDS.

SEC. 1808. UNDERWRITING FORMS AND STANDARDS. (a) In General.— The Act is amended by inserting after section 331E (7 U.S.C. 1981e) the following new section: “SEC. 331F. UNDERWRITING FORMS AND STANDARDS. “In the administration of this title, the Secretary shall, to the extent practicable, use underwriting forms, standards, practices, and terminology similar to the forms, standards, practices, and terminology used by lenders in the private sector.”. (b) Regulations.— The Secretary of Agriculture shall not issue final regulations providing for the use of ratios and standards for determining the degree of potential loan risk under section 33 IF of the Consolidated Farm and Rural Development Act (as added by subsection (a) of this section), prior to the submission of the study and report on the effects of the regulations required by section 621 of the Agricultural Credit Act of 1987 (7 U.S.C. 1989 note).