(a) Abbreviations. AMP Association-Type Minor Program loan;CFR Code of Federal Regulations;FO Farm Ownership Loan;FSA Farm Service Agency;IMP Individual-Type Minor Program loan;OL Operating Loan;USDA United States Department of Agriculture.
(b) Definitions.
Association-Type Minor Program loans (AMP): Loans to Grazing Associations and Irrigation and Drainage Associations.
Entity: Cooperative, corporation, partnership, joint operation, trust, or limited liability company.
Graduation: The requirement contained in loan documents that borrowers pay their FSA loan in full with funds received from a commercial lending source as a result of improvement in their financial condition.
Individual-type Minor Program loans (IMP): Non-Farm Enterprise or Recreation loans to individuals.
Member: Any individual who has an ownership interest in the entity which has received the Minor Program loan.
Minor Program: Non-Farm Enterprise, Individual Recreation, Grazing Association, or Irrigation and Drainage loan programs administered or to be administered by FSA
Review official: An agency employee, contractor or designee who is authorized to conduct a compliance review of a Minor Program borrower under this part.