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7 CFR 772.2

§ 772.2 Abbreviations and Definitions.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 772.2, § 772.2 Abbreviations and Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20143
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(a) Abbreviations. (b) Definitions. Association-Type Minor Program loans (AMP): Loans to Grazing Associations and Irrigation and Drainage Associations. Entity: Cooperative, corporation, partnership, joint operation, trust, or limited liability company. Graduation: The requirement contained in loan documents that borrowers pay their FSA loan in full with funds received from a commercial lending source as a result of improvement in their financial condition. Individual-type Minor Program loans (IMP): Non-Farm Enterprise or Recreation loans to individuals. Member: Any individual who has an ownership interest in the entity which has received the Minor Program loan. Minor Program: Non-Farm Enterprise, Individual Recreation, Grazing Association, or Irrigation and Drainage loan programs administered or to be administered by FSA Review official: An agency employee, contractor or designee who is authorized to conduct a compliance review of a Minor Program borrower under this part.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.