United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2020_register executive 2020-12-19 article Rules and Regulations D09002ee1c7b4ce22 D09002ee1c7b4d775 United States Farm Credit Administration originator org United States Government Agency or Subagency The Farm Credit Administration (FCA or we) is repealing the regulatory requirement that production credit associations (PCAs) amortize their loans in 15 years or less, while requiring Farm Credit System (FCS or System) associations to address amortization through their credit underwriting standards and internal controls. 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. 85 FR 82881 https://www.govinfo.gov/app/details/FR-2020-12-21/2020-26619 2020-26619 fr21de20-1 RIN 3052-AC92 6705-01-P https://www.govinfo.gov/app/details/FR-2020-12-21/2020-26619 https://www.govinfo.gov/content/pkg/FR-2020-12-21/html/2020-26619.htm https://www.govinfo.gov/content/pkg/FR-2020-12-21/pdf/2020-26619.pdf 1 p. 82881 82881 85 FR 82881 Title 12 Part 614 12 CFR Part 614 RIN 3052-AC92 Amortization Limits; Federal Register Vol. 85, Issue RULE 2020-26619 FARM CREDIT ADMINISTRATION 2020-11-19 6705-01-P 2020-26619 Notification of effective date.

The Farm Credit Administration (FCA or we) is repealing the regulatory requirement that production credit associations (PCAs) amortize their loans in 15 years or less, while requiring Farm Credit System (FCS or System) associations to address amortization through their credit underwriting standards and internal controls. 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.

The regulation amending 12 CFR part 614 published on September 28, 2020 (85 FR 60691) is effective on November 19, 2020. Technical information: Lori Markowitz, Senior Policy Analyst, Office of Regulatory Policy, (703) 883-4487, TTY (703) 883-4056, markowitzl@fca.gov. Amortization Limits, katzr@fca.gov markowitzl@fca.gov Vol. 85, no. 245 Office of the Federal Register, National Archives and Records Administration 2020-12-21 continuing daily deposited born digital 543 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2020-12-21 P0b002ee1aa52cc28 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr21de20 https://www.govinfo.gov/app/details/FR-2020-12-21 https://www.govinfo.gov/content/pkg/FR-2020-12-21/pdf/FR-2020-12-21.pdf https://www.govinfo.gov/content/pkg/FR-2020-12-21/xml/FR-2020-12-21.xml fdlp 82871 83403 DGPO 2020-12-19 2024-05-30 FR-2020-12-21 machine generated eng FR FR-2020-12-21 85 245