97-29272. Loan Policies and Operations; Definitions; Loan Underwriting; Effective Date

[Federal Register Volume 62, Number 214 (Wednesday, November 5, 1997)]
[Rules and Regulations]
[Pages 59779-59780]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29272]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 614 and 619
RIN 3052-AB64


Loan Policies and Operations; Definitions; Loan Underwriting; 
Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 614 and 619 on

[[Page 59780]]

September 30, 1997 (62 FR 51007). The final rule amends the regulations 
relating to loan underwriting in response to comments received from the 
FCA Board's initiative to reduce regulatory burden and in an effort to 
streamline the regulations and set clear minimum regulatory standards 
where appropriate. In accordance with 12 U.S.C. 2252, the effective 
date of the final rule is 30 days from the date of publication in the 
Federal Register during which either or both Houses of Congress are in 
session. Based on the records of the sessions of Congress, the 
effective date of the regulations is November 5, 1997.

EFFECTIVE DATE: The regulation amending 12 CFR parts 614 and 619 
published on September 30, 1997 (62 FR 51007) is effective November 5, 
1997.

FOR FURTHER INFORMATION CONTACT:

John J. Hays, Policy Analyst, Policy Development and Risk Control, Farm 
Credit Administration, McLean, VA 22102-5090, [phone];

      or

Joy E. Strickland, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, [phone], TDD (703) 
883-4444.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: October 31, 1997.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 97-29272 Filed 11-4-97; 8:45 am]
BILLING CODE 6705-01-P