Code of Federal Regulations · Section
§ 614.4231 — Certain Seasonal Commodity Loans To Cooperatives
12 C.F.R. § 614.4231
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Loans on certain commodities that are part of government programs shall comply with the criteria established for those programs. Security taken on program commodities shall be consistent with prudent lending practices and ensure compliance with the government program. The bank shall provide for periodic review by bank officials of any custodial activities and shall provide notice to the custodians that their activities are subject to review and examination by the Farm Credit Administration.
Authorizing Statute
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Flood insurance purchase and compliance requirements and escrow accounts42 U.S.C. § 4012a
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Establishment; titles; branches12 U.S.C. § 2121
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Establishment, charters, titles, branches12 U.S.C. § 2011