Code of Federal Regulations · Section
§ 1717.610 — Rus Approval Of Compensation Of The Board Of Directors
7 C.F.R. § 1717.610
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If a borrower's mortgage or loan contract requires the borrower to obtain approval from RUS for compensation provided to members of the borrower's board of directors, such requirement is hereby waived.
Authorizing Statute
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Short title7 U.S.C. § 901