Recreation Loan [Agriculture] Law and Legal Definition
According to 7 CFR 761.2 [Title 7 – Agriculture, Subtitle B - Regulations of the Department of Agriculture, Chapter VII - Farm Service Agency, Department of Agriculture, Subchapter D - Special Programs, Part 761 - General Program Administration, Subpart A - General Provisions], recreation loan is a loan that was made to eligible applicants to assist in the conversion of all or a portion of the farm they owned or operated to outdoor income producing recreation enterprises to supplement or supplant farm income. RL's are no longer funded, however, such outstanding loans are serviced by the Agency.
Legal Definition list
Related Legal Terms
- 30-Year Contract [Agriculture]
- Abandoned Security Property [Agriculture]
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Actual Yield [Agriculture]
- Adjustable Rate Mortgage Loan
- Adjusted Yield [Agriculture]
- Administrative Cost of Issuing a Loan Guarantee
- Advisory Committe of Department of Agriculture
