[Federal Register Volume 85, Number 223 (Wednesday, November 18, 2020)]
[Rules and Regulations]
[Page 73401]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-24005]



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 Rules and Regulations
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  Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / 
Rules and Regulations  

[[Page 73401]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 615, and 621

RIN 3052-AD09


Criteria To Reinstate Non-Accrual Loans

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) issued a final rule 
amending regulations governing how high-risk loans within the Farm 
Credit System are classified as being in nonaccrual status and revising 
related reinstatement criteria. In accordance with the law, the 
effective date of the rule is no earlier than 30 days from the date of 
publication in the Federal Register during which either or both Houses 
of Congress are in session.

DATES: The regulation amending 12 CFR parts 611, 615, and 621 published 
on August 25, 2020 (85 FR 52248) is effective on October 21, 2020.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Ryan Leist, Senior Accountant, Office of 
Regulatory Policy, (703) 883-4223, TTY (703) 883-4056, [email protected].
    Legal information: Laura McFarland, Senior Counsel, Office of 
General Counsel, (703) 883-4020, TTY (703) 883-4056, 
[email protected].

SUPPLEMENTARY INFORMATION: On August 25, 2020, FCA issued a final rule 
to enhance the usefulness of high-risk loan categories; replace the 
subjective measure of ``reasonable doubt'' used for reinstating loans 
to accrual status with a measurable standard; improve the timely 
recognition of a change in a loan's status; and update existing 
terminology and make other grammatical changes.
    In accordance with 12 U.S.C. 2252(c)(1), the effective date of the 
rule is no earlier than 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 October 21, 2020.

    Dated: October 26, 2020.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2020-24005 Filed 11-17-20; 8:45 am]
BILLING CODE 6705-01-P