[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: 12CFR614.4910]



[Page 142]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 614_LOAN POLICIES AND OPERATIONS--Table of Contents

 

                 Subpart R_Secondary Market Authorities

 

Sec. 614.4910  Basic authorities.





    (a) Any bank or association of the Farm Credit System, except a bank 

for cooperatives, with direct lending authority may originate 

agricultural real estate loans for sale to one or more certified 

agricultural mortgage marketing facilities under title VIII of the Act.

    (b) Any bank or association of the Farm Credit System, except a bank 

for cooperatives, may operate as an agricultural mortgage marketing 

facility under title VIII of the Act, either acting alone or jointly 

with other banks and/or associations, if so certified by the Federal 

Agricultural Mortgage Corporation.



[54 FR 1155, Jan. 12, 1989]



[[Page 143]]