Definitions

For purposes of this subchapter: The term “agricultural real estate” means— a parcel or parcels of land, or a building or structure affixed to the parcel or parcels, that— a principal residence that is a single family, moderate-priced residential dwelling located in a rural area, excluding— The term “Board” means the board of directors established under section 2279aa–2 of this title. The term “certified facility” means— The term “Corporation” means the Federal Agricultural Mortgage Corporation established in section 2279aa–1 of this title. The term “guarantee” means the guarantee of timely payment of the principal and interest on securities representing interests in, or obligations backed by, pools of qualified loans, in accordance with this subchapter. The term “originator” means any Farm Credit System institution, bank, insurance company, business and industrial development company, savings and loan association, association of agricultural producers, agricultural cooperative, commercial finance company, trust company, credit union, or other entity that originates and services agricultural mortgage loans. The term “qualified loan” means an obligation— of— that is the portion of a loan guaranteed by the Secretary of Agriculture pursuant to the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.), except that— The term “State” has the meaning given such term in section 2277a of this title.