12 CFR 614.4550
§ 614.4550 Place of discount.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 614.4550, § 614.4550 Place of discount, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47777
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Full text
A Farm Credit Bank or agricultural credit bank may provide funding, discounting, or other similar financial assistance to any OFI applicant. However, a Farm Credit Bank or agricultural credit bank cannot fund, discount, or extend other similar financial assistance to an OFI that maintains its headquarters, or has more than 50 percent of its outstanding loan volume to eligible borrowers who conduct agricultural or aquatic operations in the chartered territory of another Farm Credit bank unless it notifies such bank in writing within five (5) business days of receiving the OFI's application for financing. Two or more Farm Credit banks cannot simultaneously fund the same OFI.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.