Agricultural Loans - Natural Resources and Environment Ecosystem Protection and Development. | Land Portal

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LEX-FAOC051392
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1
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Subject to certain conditions, the Director of the Department of Agriculture is authorized to make agriculture crop loans in accordance with this Chapter. Section 2 specifies the purposes for which an agricultural loan may be granted. Each loan shall be made upon basis of a written loan agreement signed by the borrower and the Matai controlling the family land if family land is involved. The loan agreement shall specify the obligations assumed by the borrower, which may include farming practices to be followed, marketing controls, and limitations on the portion of the crop produced with the loan that may be used by the borrower or the Matai. The loan agreement shall also specify the rights of the Director, which shall include the right to inspect and give production, harvesting, and marketing directions, and the right to take possession of the land in the event of a default in payment of the loan and to use the land through agents or lessees for the time necessary to grow and market crops with a net value equal to the unpaid balance due on the defaulted loan. Each application shall be submitted to an advisory board consisting of the County Chief, the District Governor, and the Pulenuu of the village where the land is located. Section 9 concerns loans by Development Bank of American Samoa. (9 sections)

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We are the licensing body and the official bar association for all of those who practice law in American Samoa. The American Samoa Bar Association serves to promote justice, the rule of law, and the interests of the legal system. We do this through public education, legislative review, promoting the judiciary, and advocating the rule of law. We also offer a legal scholarship to a student that shows exemplary academics and a desire to promote the rule of law in American Samoa.

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