Title 12

PART 614

Part 614 - Loan Policies And Operations

PART 614 - LOAN POLICIES AND OPERATIONS Authority:42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128; 12 U.S.C. 2011, 2013, 2014, 2015, 2017, 2018, 2019, 2071, 2073, 2074, 2075, 2091, 2093, 2094, 2097, 2121, 2122, 2124, 2128, 2129, 2131, 2141, 2149, 2183, 2184, 2201, 2202, 2202a, 2202d, 2202e, 2206, 2206a, 2207, 2211, 2212, 2213, 2214, 2219a, 2219b, 2243, 2244, 2252, 2279a, 2279a-2, 2279b, 2279c-1, 2279f, 2279f-1, 2279aa, 2279aa-5; sec. 413 of Pub. L. 100-233, 101 Stat. 1568, 1639 (12 U.S.C. 2121 note).

• Authority: 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128; 12 U.S.C. 2011, 2013, 2014, 2015, 2017, 2018, 2019, 2071, 2073, 2074, 2075, 2091, 2093, 2094, 2097, 2121, 2122, 2124, 2128, 2129, 2131, 2141, 2149, 2183, 2184, 2201, 2202, 2202a, 2202d, 2202e, 2206, 2206a, 2207, 2211, 2212, 2213, 2214, 2219a, 2219b, 2243, 2244, 2252, 2279a, 2279a-2, 2279b, 2279c-1, 2279f, 2279f-1, 2279aa, 2279aa-5; sec. 413 of Pub. L. 100-233, 101 Stat. 1568, 1639 (12 U.S.C. 2121 note).

12:7.0.1.2.15.1	SUBPART A	Subpart A - Lending Authorities
12:7.0.1.2.15.1.1.1	SECTION 614.4000	614.4000 Farm Credit Banks.
12:7.0.1.2.15.1.1.2	SECTION 614.4010	614.4010 Agricultural credit banks.
12:7.0.1.2.15.1.1.3	SECTION 614.4020	614.4020 Banks for cooperatives.
12:7.0.1.2.15.1.1.4	SECTION 614.4030	614.4030 Federal land credit associations.
12:7.0.1.2.15.1.1.5	SECTION 614.4040	614.4040 Production credit associations.
12:7.0.1.2.15.1.1.6	SECTION 614.4050	614.4050 Agricultural credit associations.
12:7.0.1.2.15.1.1.7	SECTION 614.4055	614.4055 Federal Agricultural Mortgage Corporation loan participations.
12:7.0.1.2.15.1.1.8	SECTION 614.4060	614.4060 Affiliates established pursuant to section 8.5(e)(1) of the Farm Credit Act of 1971.
12:7.0.1.2.15.2	SUBPART B	Subpart B - Chartered Territories
12:7.0.1.2.15.2.1.1	SECTION 614.4070	614.4070 Loans and chartered territory - Farm Credit Banks, agricultural credit banks, Federal land bank associations, Federal land credit associations, production credit associations, and agricultural credit associations.
12:7.0.1.2.15.2.1.2	SECTION 614.4080	614.4080 Loans and chartered territory - banks for cooperatives.
12:7.0.1.2.15.3	SUBPART C	Subpart C - Bank/Association Lending Relationship
12:7.0.1.2.15.3.1.1	SECTION 614.4100	614.4100 Policies governing lending through Federal land bank associations.
12:7.0.1.2.15.3.1.2	SECTION 614.4110	614.4110 Transfer of direct lending authority to Federal land bank associations and agricultural credit associations.
12:7.0.1.2.15.3.1.3	SECTION 614.4120	614.4120 Policies governing extensions of credit to direct lender associations and OFIs.
12:7.0.1.2.15.3.1.4	SECTION 614.4125	614.4125 Funding and discount relationships between Farm Credit Banks or agricultural credit banks and direct lender associations.
12:7.0.1.2.15.3.1.5	SECTION 614.4130	614.4130 Funding and discount relationships between Farm Credit Banks or agricultural credit banks and OFIs.
12:7.0.1.2.15.4	SUBPART D	Subpart D - General Loan Policies for Banks and Associations
12:7.0.1.2.15.4.1.1	SECTION 614.4150	614.4150 Lending policies and loan underwriting standards.
12:7.0.1.2.15.4.1.2	SECTION 614.4155	614.4155 Interest rates.
12:7.0.1.2.15.4.1.3	SECTION 614.4160	614.4160 Differential interest rate programs.
12:7.0.1.2.15.4.1.4	SECTION 614.4165	614.4165 Young, beginning, and small farmers and ranchers.
12:7.0.1.2.15.4.1.5	SECTION 614.4170	614.4170 General.
12:7.0.1.2.15.4.1.6	SECTION 614.4175	614.4175 Uninsured voluntary and involuntary accounts.
12:7.0.1.2.15.5	SUBPART E	Subpart E - Loan Terms and Conditions
12:7.0.1.2.15.5.1.1	SECTION 614.4200	614.4200 General requirements.
12:7.0.1.2.15.5.1.2	SECTION 614.4231	614.4231 Certain seasonal commodity loans to cooperatives.
12:7.0.1.2.15.5.1.3	SECTION 614.4232	614.4232 Loans to domestic lessors.
12:7.0.1.2.15.5.1.4	SECTION 614.4233	614.4233 International loans.
12:7.0.1.2.15.6	SUBPART F	Subpart F - Collateral Evaluation Requirements
12:7.0.1.2.15.6.1.1	SECTION 614.4240	614.4240 Collateral definitions.
12:7.0.1.2.15.6.1.2	SECTION 614.4245	614.4245 Collateral evaluation policies.
12:7.0.1.2.15.6.1.3	SECTION 614.4250	614.4250 Collateral evaluation standards.
12:7.0.1.2.15.6.1.4	SECTION 614.4255	614.4255 Independence requirements.
12:7.0.1.2.15.6.1.5	SECTION 614.4260	614.4260 Evaluation requirements.
12:7.0.1.2.15.6.1.6	SECTION 614.4265	614.4265 Real property evaluations.
12:7.0.1.2.15.6.1.7	SECTION 614.4266	614.4266 Personal and intangible property evaluations.
12:7.0.1.2.15.6.1.8	SECTION 614.4267	614.4267 Professional association membership; competency.
12:7.0.1.2.15.7	SUBPART G	Subpart G [Reserved]
12:7.0.1.2.15.8	SUBPART H	Subpart H - Loan Purchases and Sales
12:7.0.1.2.15.8.1.1	SECTION 614.4325	614.4325 Purchase and sale of interests in loans.
12:7.0.1.2.15.8.1.2	SECTION 614.4330	614.4330 Loan participations.
12:7.0.1.2.15.8.1.3	SECTION 614.4335	614.4335 Borrower stock requirements.
12:7.0.1.2.15.8.1.4	SECTION 614.4337	614.4337 Disclosure to borrowers.
12:7.0.1.2.15.9	SUBPART I	Subpart I - Loss-Sharing Agreements
12:7.0.1.2.15.9.1.1	SECTION 614.4340	614.4340 General.
12:7.0.1.2.15.9.1.2	SECTION 614.4345	614.4345 Guaranty agreements.
12:7.0.1.2.15.10	SUBPART J	Subpart J - Lending and Leasing Limits
12:7.0.1.2.15.10.1.1	SECTION 614.4350	614.4350 Definitions.
12:7.0.1.2.15.10.1.2	SECTION 614.4351	614.4351 Computation of lending and leasing limit base.
12:7.0.1.2.15.10.1.3	SECTION 614.4352	614.4352 Farm Credit Banks and agricultural credit banks.
12:7.0.1.2.15.10.1.4	SECTION 614.4353	614.4353 Direct lender associations.
12:7.0.1.2.15.10.1.5	SECTION 614.4354	614.4354 [Reserved]
12:7.0.1.2.15.10.1.6	SECTION 614.4355	614.4355 Banks for cooperatives.
12:7.0.1.2.15.10.1.7	SECTION 614.4356	614.4356 Farm Credit Leasing Services Corporation.
12:7.0.1.2.15.10.1.8	SECTION 614.4357	614.4357 Banks for cooperatives look-through notes.
12:7.0.1.2.15.10.1.9	SECTION 614.4358	614.4358 Computation of obligations.
12:7.0.1.2.15.10.1.10	SECTION 614.4359	614.4359 Attribution rules.
12:7.0.1.2.15.10.1.11	SECTION 614.4360	614.4360 Lending and leasing limit violations.
12:7.0.1.2.15.10.1.12	SECTION 614.4361	614.4361 Transition.
12:7.0.1.2.15.10.1.13	SECTION 614.4362	614.4362 Loan and lease concentration risk mitigation policy.
12:7.0.1.2.15.11	SUBPART K	Subparts K-L [Reserved]
12:7.0.1.2.15.12	SUBPART M	Subpart M - Loan Approval Requirements
12:7.0.1.2.15.12.1.1	SECTION 614.4450	614.4450 General requirements.
12:7.0.1.2.15.12.1.2	SECTION 614.4460	614.4460 Loan approval responsibility.
12:7.0.1.2.15.12.1.3	SECTION 614.4470	614.4470 Loans subject to bank approval.
12:7.0.1.2.15.13	SUBPART N	Subpart N [Reserved]
12:7.0.1.2.15.14	SUBPART O	Subpart O - Special Lending Programs
12:7.0.1.2.15.14.1.1	SECTION 614.4525	614.4525 General.
12:7.0.1.2.15.14.1.2	SECTION 614.4530	614.4530 Special loans, production credit associations and agricultural credit associations.
12:7.0.1.2.15.15	SUBPART P	Subpart P - Farm Credit Bank and Agricultural Credit Bank Financing of Other Financing Institutions
12:7.0.1.2.15.15.1.1	SECTION 614.4540	614.4540 Other financing institution access to Farm Credit Banks and agricultural credit banks for funding, discount, and other similar financial assistance.
12:7.0.1.2.15.15.1.2	SECTION 614.4550	614.4550 Place of discount.
12:7.0.1.2.15.15.1.3	SECTION 614.4560	614.4560 Requirements for OFI funding relationships.
12:7.0.1.2.15.15.1.4	SECTION 614.4570	614.4570 Recourse and security.
12:7.0.1.2.15.15.1.5	SECTION 614.4580	614.4580 Limitation on the extension of funding, discount and other similar financial assistance to an OFI.
12:7.0.1.2.15.15.1.6	SECTION 614.4590	614.4590 Equitable treatment of OFIs and Farm Credit System associations.
12:7.0.1.2.15.15.1.7	SECTION 614.4595	614.4595 Public disclosure about OFIs.
12:7.0.1.2.15.15.1.8	SECTION 614.4600	614.4600 Insolvency of an OFI.
12:7.0.1.2.15.16	SUBPART Q	Subpart Q - Banks for Cooperatives and Agricultural Credit Banks Financing International Trade
12:7.0.1.2.15.16.1.1	SECTION 614.4700	614.4700 Financing foreign trade receivables.
12:7.0.1.2.15.16.1.2	SECTION 614.4710	614.4710 [Reserved]
12:7.0.1.2.15.16.1.3	SECTION 614.4720	614.4720 Letters of credit.
12:7.0.1.2.15.16.1.4	SECTION 614.4800	614.4800 Guarantees and contracts of suretyship.
12:7.0.1.2.15.16.1.5	SECTION 614.4810	614.4810 Standby letters of credit.
12:7.0.1.2.15.16.1.6	SECTION 614.4900	614.4900 Foreign exchange.
12:7.0.1.2.15.17	SUBPART R	Subpart R - Secondary Market Authorities
12:7.0.1.2.15.17.1.1	SECTION 614.4910	614.4910 Basic authorities.
12:7.0.1.2.15.18	SUBPART S	Subpart S - Flood Insurance Requirements
12:7.0.1.2.15.18.1.1	SECTION 614.4920	614.4920 Purpose and scope.
12:7.0.1.2.15.18.1.2	SECTION 614.4925	614.4925 Definitions.
12:7.0.1.2.15.18.1.3	SECTION 614.4930	614.4930 Requirement to purchase flood insurance where available.
12:7.0.1.2.15.18.1.4	SECTION 614.4932	614.4932 Exemptions.
12:7.0.1.2.15.18.1.5	SECTION 614.4935	614.4935 Escrow requirement.
12:7.0.1.2.15.18.1.6	SECTION 614.4940	614.4940 Required use of standard flood hazard determination form.
12:7.0.1.2.15.18.1.7	SECTION 614.4945	614.4945 Force placement of flood insurance.
12:7.0.1.2.15.18.1.8	SECTION 614.4950	614.4950 Determination fees.
12:7.0.1.2.15.18.1.9	SECTION 614.4955	614.4955 Notice of special flood hazards and availability of Federal disaster relief assistance.
12:7.0.1.2.15.18.1.10	SECTION 614.4960	614.4960 Notice of servicer's identity.
12:7.0.1.2.15.18.1.11.1	APPENDIX Appendix A	Appendix A to Subpart S of Part 614 - Sample Form of Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance
12:7.0.1.2.15.18.1.11.2	APPENDIX Appendix B	Appendix B to Subpart S of Part 614 - Sample Clause for Option to Escrow for Outstanding Loans

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