7 U.S.C. § 1987: Debt adjustment and credit counseling; “summary period” defined; loan summary statements

The Secretary may provide voluntary debt adjustment assistance between farmers and their creditors and may cooperate with State, territorial, and local agencies and committees engaged in such debt adjustment, and may give credit counseling. the period beginning on December 23, 1985 , and ending on the date on which the first loan summary statement is issued after December 23, 1985 ; or the period beginning on the date of issuance of the preceding loan summary statement and ending on the date of issuance of the current loan summary statement. the outstanding amount of principal due on each such loan at the beginning of the summary period; the interest rate charged on each such loan; the amount of payments made on and their application to each such loan during the summary period and an explanation of the basis for the application of such payments; the amount of principal and interest due on each such loan at the end of the summary period; the total amount of unpaid principal and interest on all such loans at the end of the summary period; any delinquency in the repayment of any such loan; a schedule of the amount and date of payments due on each such loan; and the procedure the borrower may use to obtain more information concerning the status of such loans.