Amendments to Section 331.—

Sec. 124. Amendments to Section 331.—Section 331 of the Consolidated Farmers Home Administration Act of 1961, is amended— (1) by inserting before the semicolon, in paragraph (a), the 86 Stat. 666following: “and until January 1, 1975, make contracts for services incident to making, insuring, collecting, and servicing loans and property as determined by the Secretary to be necessary for carrying out the purposes of this title; (and the Secretary shall prior to June 30, 1974, report to the Congress through the President on the experience in using such contracts, together with recommendations for such legislation as he may see fit)”; and (2) by changing the period at the end of any lettered paragraph thereof to a semicolon and adding at the end of such section the following additional paragraphs: “(g) Obtain fidelity bonds protecting the Government against fraud and dishonesty of officers and employees of the Farmers Home Administration in lieu of faithful performance of duties bonds under section 14, title 6, United States Code, and regulations issued pursuant thereto, but otherwise in accordance with the provisions thereof; “(h) Not. require borrowers to pay interest accrued after December 31, 1972, on interest which is not more than 90 days.overdue on any loan held or insured by the Farmers Home Administration; “(i) Consent to the transfer of property securing any loan or financed by any loan or grant made, insured, or held by the Secretary under this title, or the provisions of any other law administered by the Farmers Home Administration, upon such terms as he deems necessary to carry out the purpose of the loan or grant or to protect the financial interest of the Government.”