[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: 12CFR617.7500]



[Page 212]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 617_BORROWER RIGHTS--Table of Contents

 

            Subpart F_Distressed Loan Restructuring Directive

 

Sec. 617.7500  What is a directive used for and what may it require?





    (a) A distressed loan restructuring directive is an order issued to 

a qualified lender when FCA has determined that the lender has violated 

section 4.14A of the Act.

    (b) A distressed loan restructuring directive requires the qualified 

lender to comply with the specific distressed loan restructuring 

requirements in the Act.

    (c) A distressed loan restructuring directive is enforceable in the 

same manner and to the same extent as an effective and outstanding cease 

and desist order that has become final. Any violation of a distressed 

loan restructuring directive may result in FCA assessing civil money 

penalties or seeking a court order pursuant to section 5.31 or 5.32 of 

the Act.