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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VI - Farm Credit Administration |
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SubChapter B - Farm Credit System |
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Part 931 - DEFINITIONS |
§ 931.15 - Community interest director.
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A director who:
(a) Is appointed by the Board;
(b) Is subject to all of the requirements of appointive directors as set forth in section 7(a) of the Act and part 932 of this chapter;
(c) Is a director, officer, employee or member in good standing of a consumer or community organization
operating within the district of the Bank the director will be serving; (d) Possesses more than two (2) years of recent experience representing consumer and community interests in banking services, credit needs, housing or financial consumer protections; and
(e) Is actively involved in representing consumer or community interests in banking services, credit needs, housing or financial consumer protections at the time of his or her appointment as a community interest director.