[Federal Register Volume 62, Number 91 (Monday, May 12, 1997)]
[Rules and Regulations]
[Page 25831]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12347]
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FARM CREDIT ADMINISTRATION
12 CFR Parts 614 and 618
RIN 3052-AB61
Organization and Functions; Privacy Act Regulations;
Organization; Loan Policies and Operations; Funding and Fiscal Affairs,
Loan Policies and Operations, and Funding Operations; General
Provisions; Definitions; Correction
AGENCY: Farm Credit Administration.
ACTION: Correcting amendments.
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SUMMARY: The Farm Credit Administration (FCA) published an interim rule
(62 FR 67181, December 20, 1996) that amended the regulations to
eliminate unnecessary, outdated, duplicative, or burdensome regulatory
requirements, to replace outdated regulatory language with more current
terminology, and to clarify the intended meaning of certain regulatory
provisions. This document corrects nonsubstantive errors in the interim
rule.
EFFECTIVE DATE: March 4, 1997.
FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Paralegal
Specialist, Office of Policy Development and Risk Control, Farm Credit
Administration, McLean, VA 22102-5090, 703) 883-4498, TDD (703) 883-
4444.
SUPPLEMENTARY INFORMATION: In identifying commenters on the interim
rule, the FCA inadvertently failed to note receipt of a comment letter
provided by the Farm Credit Council (FCC) during the public comment
period.
List of Subjects
12 CFR Part 614
Agriculture, Banks, banking, Foreign trade, Reporting and
recordkeeping requirements, Rural areas.
12 CFR Part 618
Agriculture, Archives and records, Banks, banking, Insurance,
Reporting and recordkeeping requirements, Rural areas, Technical
assistance.
Accordingly, 12 CFR parts 614 and 618 are corrected by making the
following correcting amendments:
PART 614--LOAN POLICIES AND OPERATIONS
1. The authority citation for part 614 continues to read as
follows:
Authority: 42 U.S.C. 4012a, 4014a, 4104b, 4106, and 4128; secs.
1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 2.0, 2.2, 2.3, 2.4, 2.10, 2.12, 2.13,
2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10, 3.20, 3.28, 4.12, 4.12A, 4.13,
4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.18, 4.19, 4.36, 4.37,
5.9, 5.10, 5.17, 7.0, 7.2, 7.6, 7.7, 7.8, 7.12, 7.13, 8.0, 8.5 of
the Farm Credit Act (12 U.S.C. 2011, 2013, 2014, 2015, 2017, 2018,
2019, 2071, 2073, 2074, 2075, 2091, 2093, 2094, 2096, 2121, 2122,
2124, 2128, 2129, 2131, 2141, 2149, 2183, 2184, 2199, 2201, 2202,
2202a, 2202c, 2202d, 2202e, 2206, 2206a, 2207, 2219a, 2219b, 2243,
2244, 2252, 2279a, 2279a-2, 2279b, 2279b-1, 2279b-2, 2279f, 2279f-1,
2279aa, 2279aa-5); sec. 413 of Pub. L. 100-233, 101 Stat. 1568,
1639.
Subpart N--Loan Servicing Requirements; State Agricultural Loan
Mediation Programs; Right of First Refusal
Sec. 614.4516 [Corrected]
2.The introductory text of Sec. 614.4516 is amended by adding the
words ``in accordance'' immediately after the word ``accomplished''.
PART 618--GENERAL PROVISIONS
3. The authority citation for part 618 continues to read as
follows:
Authority: Secs. 1.5, 1.11, 1.12, 2.2, 2.4, 2.5, 2.12, 3.1, 3.7,
4.12, 4.13A, 4.25, 4.29, 5.9, 5.10, 5.17 of the Farm Credit Act (12
U.S.C. 2013, 2019, 2020, 2073, 2075, 2076, 2093, 2122, 2128, 2183,
2200, 2211, 2218, 2243, 2244, 2252).
Subpart G--Releasing Information
Sec. 618.8320 [Corrected]
4. Paragraph (b)(5) of Sec. 618.8320 is revised to read as follows.
* * * * *
(b) * * *
(5) Impersonal information based solely on transactions or
experience with a borrower, such as amounts of loans, terms, and
payment records, may be given by a bank or association to any reliable
organization for its confidential use in contemplation of the extension
of credit or to a consumer reporting agency.
* * * * *
Dated: May 6, 1997.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 97-12347 Filed 5-9-97; 8:45 am]
BILLING CODE 6705-01-P
