VERIFICATION OF THE CREDIT ELSEWHERE TEST.

SEC. 637. VERIFICATION OF THE CREDIT ELSEWHERE TEST. Section 333A(f)(4) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1983a(f)(4)) is amended— (1) by striking “(4) With” and all that follows through “seasoned” and inserting the following: “(4) Verification.— “(A) In general.— The Secretary shall provide a prospectus of a seasoned”; and (2) by striking “If the Secretary” and inserting the following: “(B) Notification.— The Secretary shall notify each borrower of a loan that a prospectus has been provided to a lender under subparagraph (A). “(C) Credit extended.— If the Secretary”.