822 
‘‘(4) FAILURE TO PREVAIL.—If a farmer does 
not prevail on a claim of discrimination described in 
paragraph (1), the farmer shall be liable for any in-
terest and offsets that accrued during the period 
that loan acceleration or foreclosure proceedings 
have been suspended under paragraph (1). 
‘‘SEC. 3905. OIL AND GAS ROYALTY PAYMENTS ON LOANS. 
‘‘(a) IN GENERAL.—The Secretary shall permit a 
borrower of a loan made or guaranteed under this title 
to make a prospective payment on the loan with proceeds 
from— 
‘‘(1) the leasing of oil, gas, or other mineral 
rights to real property used to secure the loan; or 
‘‘(2) the sale of oil, gas, or other minerals re-
moved from real property used to secure the loan, if 
the value of the rights to the oil, gas, or other min-
erals has not been used to secure the loan. 
‘‘(b) APPLICABILITY.—Subsection (a) shall not apply 
to a borrower of a loan made or guaranteed under this 
title with respect to which a liquidation or foreclosure pro-
ceeding was pending on December 23, 1985. 
‘‘SEC. 3906. TAXATION. 
‘‘(a) IN GENERAL.—Except as provided in subsection 
(b), all property subject to a lien held by the United States 
or the title to which is acquired or held by the Secretary 
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under this title (other than property used for administra-
tive purposes) shall be subject to taxation by State, terri-
tory, district, and local political subdivisions in the same 
manner and to the same extent as other property is taxed. 
‘‘(b) EXCEPTIONS.—No tax shall be imposed or col-
lected as described in subsection (a) if the tax (whether 
as a tax on the instrument or in connection with con-
veying, transferring, or recording the instrument) is based 
on— 
‘‘(1) the value of any notes or mortgages or 
other lien instruments held by or transferred to the 
Secretary; 
‘‘(2) any notes or lien instruments administered 
under this title that are made, assigned, or held by 
a person otherwise liable for the tax; or 
‘‘(3) the value of any property conveyed or 
transferred to the Secretary. 
‘‘(c) FAILURE TO PAY OR COLLECT TAX.—The fail-
ure to pay or collect a tax under subsection (a) shall not— 
‘‘(1) be a ground for— 
‘‘(A) refusal to record or file an instru-
ment; or 
‘‘(B) failure to provide notice; or 
‘‘(2) prevent the enforcement of the instrument 
in any Federal or State court. 
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‘‘SEC. 3907. CONFLICTS OF INTEREST. 
‘‘(a) ACCEPTANCE
OF
CONSIDERATION
PROHIB-
ITED.—No officer, attorney, or other employee of the De-
partment shall, directly or indirectly, be the beneficiary 
of or receive any fee, commission, gift, or other consider-
ation for or in connection with any transaction or business 
under this title other than such salary, fee, or other com-
pensation as the officer, attorney, or employee may receive 
as the officer, attorney, or employee. 
‘‘(b) ACQUISITION OF INTEREST IN LAND PROHIB-
ITED.— 
‘‘(1) IN GENERAL.—Except as provided in para-
graph (2), no officer or employee of the Department 
who acts on or reviews an application made by any 
person under this title for a loan to purchase land 
may acquire, directly or indirectly, any interest in 
the land for a period of 3 years after the date on 
which the action is taken or the review is made. 
‘‘(2) 
FORMER
COUNTY
COMMITTEE
MEM-
BERS.—Paragraph (1) shall not apply to a former 
member of a county committee on a determination 
by the Secretary, prior to the acquisition of the in-
terest, that the former member acted in good faith 
when acting on or reviewing the application. 
‘‘(c) PENALTIES.—Any person violating this section 
shall, on conviction of the violation, be punished by a fine 
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of not more than $2,000 or imprisonment for not more 
than 2 years, or both. 
‘‘SEC. 3908. LOAN SUMMARY STATEMENTS. 
‘‘(a) DEFINITION
OF SUMMARY PERIOD.—In this 
section, the term ‘summary period’ means the period be-
ginning on the date of issuance of the preceding loan sum-
mary statement and ending on the date of issuance of the 
current loan summary statement. 
‘‘(b) ISSUANCE OF STATEMENTS.—On the request of 
a borrower of a loan made (but not guaranteed) under 
this title, the Secretary shall issue to the borrower a loan 
summary statement that reflects the account activity dur-
ing the summary period for each loan made under this 
title to the borrower, including— 
‘‘(1) the outstanding amount of principal due 
on each loan at the beginning of the summary pe-
riod; 
‘‘(2) the interest rate charged on each loan; 
‘‘(3) the amount of payments made on, and the 
application of the payments to, each loan during the 
summary period and an explanation of the basis for 
the application of the payments; 
‘‘(4) the amount of principal and interest due 
on each loan at the end of the summary period; 
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