Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 614  /  Sec. 614.4055 Federal Agricultural Mortgage Corporation loan

Subject to the requirements of subpart H of this part 614:

(a) Any Farm Credit System bank or direct lender association may buy from, and sell to, the Federal Agricultural Mortgage Corporation, participation interests in ``qualified loans.''

(b) The Federal Agricultural Mortgage Corporation may buy from, and sell to, any Farm Credit System bank or direct lender association, or lender that is not a Farm Credit System institution, participation interests in ``qualified loans.''

(c) For purposes of this section, ``qualified loans'' means qualified loans as defined in section 8.0(9) of the Act. [67 FR 1285, Jan. 10, 2002]