Due to the national public health emergency caused by COVID-19, the US Department of Agriculture announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA).
USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referring foreclosures to the Department of Justice; and USDA will work with the US Attorneys Office to stop judicial foreclosures and evictions on accounts that were previously referred to the Department of Justice.
Additionally, USDA has extended deadlines for producers to respond to loan servicing actions, including loan de…
Read the full article at: https://www.thepigsite.com/news/2021/01/usda-temporarily-suspends-debt-relief-for-thousands-of-distressed-farm-loans