...the amortized basis usually for periods varying from 10 to 35 years. The amount loaned may not exceed 50 percent of the appraised value of the land plus 20 percent of the value to the farm of the permanent, insured improvements. Land bank appraisers, who are public officials,...

...automatically scaled down under the provisions of the act entitled "An act to establish a uniform system of bankruptcy throughout the United States " approved...substantially correct. Assume that the mortgage is $15,000 Land bank appraisal on land 5, 000 Land bank appraisal on buildings 5, 000 Total appraised...

...Act. Other phases have been compared in previous testimony. Under the Farm Credit Act the land hanks may loan 50 percent of the appraised value of the...substantially correct Assume that the mortgage is $15,000 Land bank appraisal on land 5,000 Land bank appraisal on buildings 5,000 Total appraised valuation...

...loan statistics. The farm Loan Act provided that loans of the federal land banks were not to exceed 50 percent of the appraised value of the land plus 20 percent of the value of the buildings. Life insurance companies likewise followed a definite policy as to the relation...

...for our purposes. Mr. LUDLOW. Upon what percentage of the value do you make loans? Mr. HILL. Up to 50 percent of the appraised value of the land, plus 20 percent of the appraised value of the buildings. NUMBER AND STATUS OF LAND BANK SYSTEM Mr. LUDLOW. How many Federal...

...percentage of the value do you make ;' -:.,.'; , '«•;.: loans? ,." .-. /.. ." ' Mr. HILL. Up to 50 percent of the appraised value of the land, plus ;..•.•' '. '..' \ . 20 percent of the appraised value of the buildings. ••'•.-./( '' ••••..'' .... ' .'••• . , •.-....

...greatly depressed, and (2) the legal limitation which permitted the land banks to make loans only up to 50 percent of the appraised value of the land plus 20 percent of the appraised value of the buildings. Establishment of normal value policy and commissioner loan authority...

...original objectives. The law creating the system provided that land banks could make mortgage loans up to 50 percent of the appraised value of the land, plus 20 percent of the value of the buildings thereon, which actually figured out to be 43 percent of the combined appraised...

...indebtedness or a greater degree of risk than do the Federal land bank loans. The latter cannot exceed 50 percent of the appraised value of the land plus 20 percent of the appraised value of the farm buildings. The Commissioner loans, on the other hand, can be made up to...

...greatly depressed, and (2) the legal limitation which permitted the land banks to make loans only up to 50 percent of the appraised value of the land plus 20 percent of the appraised value of the buildings. Establishment of normal value policy and commissioner loan authority...