Rolnictwo i finanse · 2.12.1997

Loan Policies and Operations; Loan Sales Relief

The Farm Credit Administration (FCA), through the FCA Board (Board), issues a direct final rule amending its regulations relating to loan sales into a secondary market. This action conforms FCA regulations to recent statutory amendments to the Farm Credit Act of 1971, as amended, (Act) made by sections 206 and 208 of the Farm Credit System Reform Act of 1996 (1996 Act). These amendments provide that loans designated by Farm Credit System institutions for sale into a secondary market are not subject to minimum stock purchase or borrower rights requirements.