[Federal Register Volume 69, Number 94 (Friday, May 14, 2004)]
[Rules and Regulations]
[Page 26763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-11024]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 614 and 617

RIN 3052-AC04


Loan Policies and Operations; Borrower Rights; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 614 and 617 on March 30, 2004 (69 FR 16455). This final 
rule clarifies when and how qualified lenders must disclose the 
effective interest rates and other loan information to borrowers; when 
and how the cost of Farm Credit System borrower stock must be disclosed 
to borrowers; and how loan origination charges and other loan 
information must be disclosed to borrowers. In accordance with 12 
U.S.C. 2252, the effective date of the interim final rule is 30 days 
from the date of publication in the Federal Register during which 
either or both Houses of Congress are in session. Based on the records 
of the sessions of Congress, the effective date of the regulations is 
May 10, 2004.

DATES: Effective Date: The regulation amending 12 CFR parts 614 and 617 
published on March 30, 2004 (69 FR 16455) is effective May 10, 2004.

FOR FURTHER INFORMATION CONTACT: Tong-Ching Chang, Senior Policy 
Analyst, Office of Policy and Analysis, Farm Credit Administration, 
McLean, VA 22102-5090, (703) 883-4498, TTY (703) 883-4434; or Howard 
Rubin, Senior Attorney, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
2020.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: May 11, 2004.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 04-11024 Filed 5-13-04; 8:45 am]
BILLING CODE 6705-01-P