7 CFR 1717.610

§ 1717.610 RUS approval of compensation of the board of directors.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1717.610, § 1717.610 RUS approval of compensation of the board of directors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/27029
Permanent ID: ys:prov:27029@1
SHA-256: e156ebab075f223229cff448112c310e6549e0c46119ec27ef0f9a826f7ad16d

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Full text

If a borrower's mortgage or loan contract requires the borrower to obtain approval from RUS for compensation provided to members of the borrower's board of directors, such requirement is hereby waived.

Legislative history

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