Type: FCA Regulation
PART 614 - LOAN POLICIES AND OPERATIONS
Subpart E - Loan Terms and Conditions
§ 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.
[62 FR 51015, Sept. 30, 1997]
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