State Measures for the Relief of Agricultural Indebtedness in the United States, 1933 and 1934

Excerpts from the Introduction: This compilation supplement's Agricultural Economics Bibliography No. 45 published in March 1933 with the title State Measures for the Relief of Agricultural Indebtedness in the United States, 1932 and 1933. The measures included are those providing mortgage and tax sale moratoria; regulating deficiency judgments; regulating the foreclosure procedure for the benefit of the mortgagee; providing for installment payment of taxes with lower interest and penalties for delinquency; providing for extension, of time and easier terms for redemption of property sold for taxes; in fact, any measures which tend to keep the farmer from losing his real estate through mortgage foreclosure or tax sale. It does not include legislation providing additional credit for farmers. In making the extracts from the laws an attempt has been made to quote the, sections which are pertinent without quoting the sections dealing with the official procedure and records, such as the form of notice, or the methods of making certificates of sale. The actual statutes of the States have been checked for the 1933 and 1934 regular and special sessions so far as they wore available in the U.S. Department of Agriculture and in the Library of Congress up to June 1, 1934. Where the actual laws were not available news items have been quoted indicating the legislation proposed or enacted. Notes of court decisions on the constitutionality of the measures have been added whenever found.