Agricultural credit associations are associations created by the merger of one or more Federal land bank associations or Federal land credit associations and one or more production credit associations and which have received a transfer of authority to make and participate in long-term real estate mortgage loans pursuant to section 7.6 of the Act.
[55 FR 24888, June 19, 1990]
authority: Secs. 1.4, 1.5, 1.7, 2.1, 2.2, 2.4, 2.11, 2.12, 3.1, 3.2, 4.9, 5.9, 5.17, 5.19, 5.61C, 7.0, 7.1, 7.6, 7.8 and 7.12 of the Farm Credit Act (
12 U.S.C. 2012,
2013,
2015,
2072,
2073,
2075,
2092,
2093,
2122,
2123,
2160,
2243,
2252,
2254,
2279a,
2279a-1,
2279b,
2279c,
2279f; sec 514 of Pub. L. 102-552. 106 Stat. 4102
source: 37 FR 11446, June 7, 1972, unless otherwise noted.
cite as: 12 CFR 619.9015