1. Regulations
  2. title 12
  3. chapter VI
  4. part 617
  5. subpart F
  6. § 617.7520

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

§ 617.7520 - How does the FCA issue a directive and when will it be effective?

A distressed loan restructuring directive is effective immediately on receipt by the qualified lender, or on such later date as may be specified by FCA, and will remain effective and enforceable until it is stayed, modified, or terminated by FCA.

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 617.7520