[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: 12CFR611.1290]



[Page 85]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 611_ORGANIZATION--Table of Contents

 

           Subpart P_Termination of System Institution Status

 

Sec. 611.1290  Continuation of borrower rights.



    You may not require a waiver of contractual borrower rights 

provisions as a condition of borrowing from and owning equity in the 

successor institution. Institutions that become other financing 

institutions on termination must comply with the applicable borrower 

rights provisions in the Act and part 617 of this chapter.



[67 FR 17909, Apr. 12, 2002, as amended at 69 FR 10906, Mar. 9, 2004]