157 



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Lejliutivl Assembly HOUSE CONCURRENT RESOLUTION NO. 3037 



of North Dikott 



Introduced by 



Representative Kerzman 



$€*&+*' rVo*rev- 



1 A concurrent resolution urging tht President of the United States end 



2 Congress to Investigate allegations of fraud and abuse by banks end other 



3 credit agendas in the handling of agricultural loans, and to consider a 



4 moratorium on farm foreclosures. 



s WHEREAS, North Dakota farmers and other state residents have presented 



6 evidence of fraud and abuse by banks and credit agencies in the handling of 



7 agricultural loans; and 



s whereas, existing evidence shows abuse by lenders of the Farmer's Home 



9 Administration loan guarantee program; and 



10 WHEREAS, this abuse has Injured farmers rather than assisted fanners; 

 n and 



12 WHEREAS, this abuse has resulted in the endurance by farm families and 



13 communities of severe hardships and in the erosion of confidence in 



14 governmental agencies; and 



15 WHEREAS, a healthy and prosperous independent family farm system and an 



16 honest and fair credit system are vital to the economic well-being of all 



17 Americans; 



11 ROW. THEREFORE, IE IT RESOLVED IY THE HOUSE OF REPRESENTATIVES OF NORTH 

 19 DAKOTA. THE SENATE CONCURRING THEREIN: 



30 That the Fifty- third Legislative Assembly urges the President of the 



21 united States and the Congress to thoroughly Investigate allegations of fraud 



22 and abuse by banks and other credit agencies in the handling of agricultural 



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