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Rolnictwo i finanse · 6.05.1996

Loan Policies and Operations; Effective Date

The Farm Credit Administration (FCA) published a final regulation under part 614 on March 20, 1996 (61 FR 11303). The final regulation removes 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 replaces it with a 10-day post notification for interest rate changes for administered rate loans and a 30-day notice if the loan is tied to an external index. In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. Based on the records of the sessions of Congress, the effective date of the regulations is May 3, 1996.

Source: Federal Register — Farm Credit AdministrationOpen original release →