Sec. 4.37. APPLICATION OF UNINSURED ACCOUNTS
125 words·~1 min read·
/statute-compilations/comps-10314/sec-4-37A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 4.37 APPLICATION OF UNINSURED ACCOUNTS **[**[12 U.S.C. 2219b](/us/usc/t12/s2219b)**]** ###
(a)In General Money of a borrower held by a Farm Credit System institution in an uninsured voluntary or involuntary account as authorized under regulations issued by the Farm Credit Administration (as in effect immediately before the date of the enactment of this section), including all such other accounts known as “advanced payment accounts” or “future prepayment accounts” shall, in the event the institution is placed in liquidation, be immediately applied as payment against the indebtedness of any outstanding loans of such borrower. ###
(b)Regulations The Farm Credit Administration shall promulgate regulations— ####
(1)that define the term “**uninsured voluntary or involuntary account**”; and ####
(2)to otherwise effectively carry out this section.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 4.37
APPLICATION OF UNINSURED ACCOUNTS
Cites 1Cited by 0 across 0 sources