[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eliminate unnecessary, outdated, duplicative, or burdensome regulatory 
requirements, to replace outdated regulatory language with more current 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