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USDA suspends some debt collections, foreclosures

Actions temporarily suspended for several thousand distressed borrowers due to coronavirus

 

Last updated 2/3/2021 at 7:37am



From Montana FSA

BOZEMAN — Due to the national public health emergency caused by coronavirus disease 2019 — COVID-19 — the U.S. Department of Agriculture announced last week 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.

USDA will temporarily suspend non-judicial foreclosures, debt offsets or wage garnishments, and referal to foreclosures to the Department of Justice. USDA will work with the U.S. Attorney’s Office to sto...



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