Sec. 5505. Standards for qualified loans
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/bill/118/hr/8467/ih/section-5505·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8.8 of the Farm Credit Act of 1971 ( 12 U.S.C. 2279aa–8 ) is amended— in subsection (a)(3), by striking mortgage investors and inserting investors in those types of loans ; and in subsection (c)— in the subsection heading, by striking and inserting limitation ; and limitations by adding at the end the following: Notwithstanding paragraphs
(1)and (2), the Farm Credit Administration may establish such other loan amount limitations to reflect the treatment as a qualified loan of a moderately sized agricultural mortgage loan, as determined by the Farm Credit Administration, with appropriate periodic adjustments for geographic differences and valuations, consistent with maintaining the safety and soundness of the Corporation. .
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- 12 USC 2279aa–8
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Sec. 5505
Standards for qualified loans
Cite12 USC 2279aa–8
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