In accordance with regulations of the Farm Credit Administration, qualified lenders shall provide their borrowers, at the time of execution of loans, copies of all documents signed by the borrower and at any time thereafter, on a borrower's request, copies of all documents signed or delivered by the borrower and at any time, on request, a copy of the institution's articles of incorporation or charter and bylaws and copies of each appraisal of the borrower's assets made or used by the qualified lender.
12 U.S.C. § 2200
EDITORIAL NOTES
AMENDMENTS1988- Pub. L. 100-233 substituted "qualified lenders" for "System institutions" and inserted "and copies of each appraisal of the borrower's assets made or used by the qualified lender" before period at end.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective thirty days after Dec. 23, 1985, see section 401 of Pub. L. 99-205 set out as an Effective Date of 1985 Amendment note under section 2001 of this title.
- credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.