12 CFR 611.1290 - Continuation of borrower rights.

Regulations last checked for updates: May 20, 2024

Title 12 - Banks and Banking last revised: May 16, 2024

View all text of Subpart P [§ 611.1200 - § 611.1290]

§ 611.1290 - Continuation of borrower rights.

You may not require a waiver of contractual borrower rights provisions as a condition of borrowing from and owning equity in the successor institution. Institutions that become other financing institutions on termination must comply with the applicable borrower rights provisions in the Act and part 617 of this chapter.

authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2, 2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 4.12A, 4.15, 4.20, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 7.0-7.3, 7.6-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002,2011,2012,2013,2020,2021,2071,2072,2073,2091,2092,2093,2121,2122,2123,2124,2128,2129,2130,2154a,2183,2184,2203,2208,2211,2212,2213,2214,2243,2252,2261,2279a,2279b,2279aa; secs. 411 and 412, Pub. L. 100-233, 101 Stat. 1568, 1638, as amended by secs. 403 and 404, Pub. L. 100-399, 101 Stat. 989, 999 (12 U.S.C. 2071 note and 2202 note)

source: 37 FR 11415, June 7, 1972, unless otherwise noted.

cite as: 12 CFR 611.1290