1. Regulations
  2. title 12
  3. chapter VI
  4. part 617
  5. subpart F
  6. § 617.7505

View all text of Subpart F [§ 617.7500 - § 617.7525]

§ 617.7505 - How will the qualified lender know when FCA is considering issuing a distressed loan restructuring directive?

When FCA intends to issue a distressed loan restructuring directive, it will notify the qualified lender in writing. The notice will state:

(a) The reasons FCA intends to issue a distressed loan restructuring directive;

(b) The proposed contents of the distressed loan restructuring directive; and

(c) Any other relevant information.

AUTHORITY: Secs. 4.13, 4.13A, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.36, 5.9, 5.17 of the Farm Credit Act (12 U.S.C. 2199, 2200, 2201, 2202, 2202a, 2202c, 2202d, 2202e, 2219a, 2243, 2252).

SOURCE: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.

CITE AS: 12 CFR 617.7505