12 CFR 614.4231
§ 614.4231 Certain seasonal commodity loans to cooperatives.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 614.4231, § 614.4231 Certain seasonal commodity loans to cooperatives, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47731
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Full text
Loans on certain commodities that are part of government programs shall comply with the criteria established for those programs. Security taken on program commodities shall be consistent with prudent lending practices and ensure compliance with the government program. The bank shall provide for periodic review by bank officials of any custodial activities and shall provide notice to the custodians that their activities are subject to review and examination by the Farm Credit Administration.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.