Independence requirements.

CFR · 2024-01-01 · US · Title 12

(a) (1) Perform evaluations in connection with transactions in which such person has a direct or indirect interest, financial or otherwise, in the loan or subject property; (2) As a director, vote on or approve a loan decision on which such person performed a collateral evaluation; or (3) As a director, perform a collateral evaluation in connection with any transaction on which such person made or will be required to make a credit decision. (b) (1) Participate in a vote or approval involving assets on which they performed a collateral evaluation; or (2) Perform a collateral evaluation in connection with a transaction on which they have made or will be required to make a credit decision. (c) (1) A Farm Credit System institution making or originating the loan; (2) A Farm Credit System institution operating under common management with the institution making or originating the loan; or (3) A Farm Credit System institution purchasing an interest in the loan. (d) (e)

official document · source cfr-2024 · id 12:§ 614.4255