Farm Credit Banks.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (1) Farm Credit banks and associations that are direct lenders and lenders that are not Farm Credit institutions on loans of the type it is authorized to make under title I of the Act; (2) Farm Credit banks and associations that are direct lenders on loans it is not authorized to make, provided the borrower eligibility, membership, term, amount, loan security, and stock or participation certificate requirements of the originating institution are met; and (3) The Federal Agricultural Mortgage Corporation to the extent provided in § 614.4055. (e) (i) Farm Credit System institutions authorized to purchase such interests; (ii) Other lenders that are not Farm Credit System institutions; and (iii) Any certified agricultural mortgage marketing facility, as defined by section 8.0(3) of the Act, for the purpose of pooling and securitizing such loans under title VIII of the Act. (2) Subject to the requirements of subpart H of this part, Farm Credit Banks may purchase interests other than participation interests in loans and nonvoting stock from other Farm Credit System institutions. (3) Farm Credit Banks, in their capacity as certified agricultural mortgage marketing facilities under title VIII of the Act, may purchase interests in loans (other than participation interests authorized in paragraph (d) of this section) from institutions other than Farm Credit System institutions only for the purpose of pooling and (f) (1) Enter into loan participation agreements pursuant

official document · source cfr-2024 · id 12:§ 614.4000