Foreclosure sale proceeds.

04LSO-0219.L1

                                                    

FISCAL NOTE (HB0083)

 

 

No significant fiscal or personnel impact.

 

 

This bill as drafted will have little if any impact on the Farm Loan Fund, Loan Loss Reserve Account, or any other account dedicated to the Farm Loan program.  In the event of a foreclosure, the entire mortgage with principal, interest, penalties, and a reasonable cost for administration is included in the foreclosure. Therefore, the Farm Loan Fund would not be affected as a result of this proposed amendment.

 

 

 

Prepared by:   Jim Whalen, State Lands  Phone:   777-6526