Rolnictwo i finanse · 24.11.1995
Loan Policies and Operations
The Farm Credit Administration (FCA), by the Farm Credit Administration Board (Board), proposes to amend the regulations governing disclosure of loan information. The FCA proposes to remove the requirement that Farm Credit institutions give borrowers 10 days prior notification of a change in the interest rate on their variable rate loans and replace it with a 10-day post notification. This action would reduce the burden on institutions of a delay in interest rate changes while still providing borrowers with timely notice of a change. The proposed regulation would also make a technical amendment regarding eligible borrower stock.