12 C.F.R. § 614.4231

Current through July 31, 2024
Section 614.4231 - Certain seasonal commodity loans to cooperatives

Loans on certain commodities that are part of government programs shall comply with the criteria established for those programs. Security taken on program commodities shall be consistent with prudent lending practices and ensure compliance with the government program. The bank shall provide for periodic review by bank officials of any custodial activities and shall provide notice to the custodians that their activities are subject to review and examination by the Farm Credit Administration.

12 C.F.R. §614.4231

62 FR 51015, Sept. 30, 1997