Sec. 2. Farm Credit Administration option to examine low risk Farm Credit System institutions on a 24-month cycle
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/bill/118/hr/6564/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
24 -month cycle Section 5.19(a) of the Farm Credit Act of 1971 ( 12 U.S.C. 2254(a) ) is amended in the 1st sentence— by striking in no event and inserting not ; and by inserting , except that the Farm Credit Administration, in its sole discretion, may extend the time period between mandatory examinations of institutions deemed by the Farm Credit Administration to be low-risk institutions to not more than 24 months before the period. The amendments made by subsection
(a)shall take effect on October 1, 2024.
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Sec. 2
Farm Credit Administration option to examine low risk Farm Credit System institutions on a 24-month cycle
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