[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: 12CFR617.7515]



[Page 213]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 617_BORROWER RIGHTS--Table of Contents

 

            Subpart F_Distressed Loan Restructuring Directive

 

Sec. 617.7515  How does the FCA decide whether to issue a directive?



    After the closing date of the qualified lender's response period, or 

following receipt of the qualified lender's response, FCA must decide if 

there is sufficient information to support the issuance of a directive 

or if additional information is necessary. Once FCA has received 

sufficient information, it must decide whether to issue a directive as 

originally proposed or as modified.