NAC561.030. “Borrower” defined.

Latest version.

“Borrower” means a person who derives more than 60 percent of the person’s total gross income from his or her operation of a farm or ranch and owes a single agricultural debt of more than $50,000 to one creditor.

(Added to NAC by Dep’t of Agriculture, eff. 10-30-90)

                    
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