12 C.F.R. § 614.4055   Federal Agricultural Mortgage Corporation loan participations.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 614—LOAN POLICIES AND OPERATIONS
Subpart A—Lending Authorities

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§ 614.4055   Federal Agricultural Mortgage Corporation loan participations.

Subject to the requirements of subpart H of this part 614:

(a) Any Farm Credit System bank or direct lender association may buy from, and sell to, the Federal Agricultural Mortgage Corporation, participation interests in “qualified loans.”

(b) The Federal Agricultural Mortgage Corporation may buy from, and sell to, any Farm Credit System bank or direct lender association, or lender that is not a Farm Credit System institution, participation interests in “qualified loans.”

(c) For purposes of this section, “qualified loans” means qualified loans as defined in section 8.0(9) of the Act.

[67 FR 1285, Jan. 10, 2002]

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