§ 1941.971 - Definitions.

As used in this subpart, the following definitions apply:

APHIS means the Animal and Plant Health Inspection Service, or any successor Agency.

Extra payment means a payment which was derived from sale of property serving as security for a loan, such as real estate or vehicles. Proceeds from program assessments and other normal operating income, when remitted for payment on a loan will not be considered as an extra payment.

FSA means the Farm Service Agency, its employees, and any successor agency.

Non-profit corporation means a private domestic corporation created and organized under the laws of the States in which the entity will operate whose net earnings are not distributable to any private shareholder or individual and which qualify under Internal Revenue Service code.

Program subsidy account means a budget account established under the Credit Reform provisions of the Omnibus Budget Reconciliation Act of 1990 to cover all credit-related budgetary outlays for a specific loan or guarantee program.

Restructure means to modify the terms of a loan. This includes modification of the interest rate or repayment term of the loan.

Security means assets pledged as collateral to assure repayment of a loan in the event there is a default on the loan.