[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR614.4511]



[Page 133]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 614_LOAN POLICIES AND OPERATIONS--Table of Contents

 

Subpart N_Loan Servicing Requirements; State Agricultural Loan Mediation 

                    Programs; Right of First Refusal

 

Sec. 614.4511  Federal land bank association compensation.



    Bank financial policies on Federal land bank association 

compensation are subject to the approval of the bank board. Compensation 

may be paid to associations in an amount which reflects the value of the 

services being rendered for the bank and other financial policies and 

objectives. Compensation plans and changes thereto shall be approved by 

the bank board.



[47 FR 12146, Mar. 22, 1982, as amended at 54 FR 1151, Jan. 12, 1989; 54 

FR 50736, Dec. 11, 1989]