DEFINITIONS.

SEC. 640. DEFINITIONS. Section 343(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1991(a)) is amended— (1) in paragraph (11)— (A) in the text preceding subparagraph (A), by striking “applicant—” and inserting “applicant, regardless of whether the applicant is participating in a program under section 310E—”; and (B) in subparagraph (F)— (i) by striking “15 percent” and inserting “25 percent”; and (ii) by inserting before the semicolon at the end the following: “, except that this subparagraph shall not apply to a loan made or guaranteed under subtitle B”; and (2) by adding at the end the following: “(12) Debt forgiveness.— “(A) In general.— Except as provided in subparagraph (B), the term ‘debt forgiveness’ means reducing or terminating a farmer program loan made or guaranteed under this title, in a manner that results in a loss to the Secretary, through— “(i) writing down or writing off a loan under section 353; “(ii) compromising, adjusting, reducing, or charging-off a debt or claim under section 331; “(iii) paying a loss on a guaranteed loan under section 357; or “(iv) discharging a debt as a result of bankruptcy. “(B) Loan restructuring.— The term ‘debt forgiveness’ does not include consolidation, rescheduling, reamortization, or deferral.”