MAXIMUM EMERGENCY LOAN INDEBTEDNESS.

SEC. 624. MAXIMUM EMERGENCY LOAN INDEBTEDNESS. Section 324 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1964) is amended by striking “Sec. 324. (a) No loan” and all that follows through the end of subsection (a) and inserting the following: “SEC. 324. TERMS OF LOANS. “(a) Maximum Amount of Loan.— The Secretary may not make a loan under this subtitle to a borrower who has suffered a loss in an amount that— “(1) exceeds the actual loss caused by a disaster; or “(2) would cause the total indebtedness of the borrower under this subtitle to exceed $500,000.”.