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Expedited Guaranteed Lender Pilot Program Act
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86pct
38d open
vs 10,940 other HR bills in the 119th — cohort avg 30d
Expedited Guaranteed Lender Pilot Program Act This bill establishes a pilot program for an expedited qualification and approval process for eligible Department of Agriculture (USDA) bridge loans. Under a new pilot program, USDA must streamline the application review process for borrowers seeking USDA guaranteed bridge loans that are serviced by a Preferred Certified Lender. Specifically, USDA must consider streamlining the process for (1) certifying eligibility and reviewing financial information, and (2) making determinations regarding the farming plan and financial situation of an applicant. The pilot program expires on September 30, 2031.
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Referred to the House Committee on Agriculture.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov