Pub. L. 84-347, tit. III, sec. 304

Sec. 304. Section 12 of the Federal Farm Loan Act, as amended, is amended— (a) by changing paragraph “Fourth” to read as follows: “Such loans may be made for general agricultural purposes and other requirements of the owner of the land mortgaged, under rules and regulations of the Farm Credit Administration.”; (b) by striking out the period at the end of the second sentence of paragraph “Fifth” and adding the following: “; and, consistent with community standards/ the appraisal may also reflect home advantages, and the availability to a typical operator of the property of earnings from other dependable sources to supplement the normal earning power of the farm.”; 69 Stat. 665 (c) by striking out “the raising of livestock” wherever it appears in next to the hist sentence of paragraph “Sixth” and substituting therefor “farming operations” and by striking out of such sentence “Land Bank Commissioner” and substituting therefor “Farm Credit Administration”; and (d) by striking out “$100,000” from paragraph “Seventh” and substituting therefor “$200,000” and by striking out of such sentence “but loans to any one borrower shall not exceed $25,000 unless approved by the Land Bank Commissioner,” and substituting “but loans to any one borrower shall not exceed $100,000 unless approved by the Farm Credit Administration,”.