[Federal Register Volume 59, Number 50 (Tuesday, March 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6009]
[[Page Unknown]]
[Federal Register: March 15, 1994]
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FARM CREDIT ADMINISTRATION
12 CFR Part 614
RIN 3052-AB46
Loan Policies and Operations; Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
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SUMMARY: The Farm Credit Administration (FCA) published a final
regulation under part 614 on November 29, 1993 (58 FR 62513). The final
regulation amends 12 CFR part 614 regarding the content of borrower
rights notices for distressed loans. The regulation will no longer
require that Farm Credit System institutions include a reference to
foreclosure when notifying borrowers that their distressed loans may be
suitable for restructuring. 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 March 15, 1994.
EFFECTIVE DATE: The regulation amending 12 CFR part 614, published on
November 29, 1993 (58 FR 62513) is effective March 15, 1994.
FOR FURTHER INFORMATION CONTACT:
Eric Howard, Policy Analyst, Office of Examination, Farm Credit
Administration, McLean, Virginia 22102-5090, (703) 883-4498, TDD (703)
883-4444,
or
James M. Morris, Senior Attorney, Office of General Counsel, Farm
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4020, TDD
(703) 883-4444.
Authority (12 U.S.C. 2252(a) (9) and (10)).
Dated: March 10, 1994.
Curtis M. Anderson,
Secretary, Farm Credit Administration Board.
[FR Doc. 94-6009 Filed 3-14-94; 8:45 am]
BILLING CODE 6705-01-P
