§ 2006b. Loan assessments
(a)
In general
The Secretary shall evaluate, in accordance with regulations issued by the Secretary, the farming plan and financial situation of each qualified farmer or rancher applicant.
(b)
Determinations
In evaluating the farming plan and financial situation of an applicant under this section, the Secretary shall determine—
(2)
the rate of interest that the applicant would need to be able to cover expenses and build an adequate equity base;
(d)
Review of loans
(1)
In general
Loan assessments conducted under this section shall include annual review of direct loans, and periodic review (as determined necessary by the Secretary) of guaranteed loans, made under this chapter to assess the progress of a borrower in meeting the goals for the farm or ranch operation.
(e)
Guidelines
The Secretary shall issue regulations providing guidelines for loan assessments conducted under this section.