A distressed loan restructuring directive is effective immediately on receipt by the qualified lender, or on such later date as may be specified by FCA, and will remain effective and enforceable until it is stayed, modified, or terminated by FCA.
authority: Secs. 4.13, 4.13A, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.36, 5.9, 5.17 of the Farm Credit Act (
12 U.S.C. 2199,
2200,
2201,
2202,
2202a,
2202c,
2202d,
2202e,
2219a,
2243,
2252
source: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.
cite as: 12 CFR 617.7520