§ 614.4355. Banks for cooperatives.
196 words·~1 min read·
/us/cfr/t12/s§ 614.4355·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No bank for cooperatives may make a loan if the consolidated amount of all loans outstanding and undisbursed commitments to that borrower exceeds the following percentages of the lending and leasing limit base of the bank:
(a)Basic limit.
(1)Term loans to eligible cooperatives: 25 percent.
(2)Term loans to foreign and domestic parties: 10 percent.
(3)Lease loans qualifying under § 614.4020(a)(3) and applying to the lessee: 25 percent.
(4)Standby letters of credit qualifying under § 614.4810: 35 percent.
(5)Guarantees qualifying under § 614.4800: 35 percent.
(6)Seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(7)Foreign trade receivables qualifying under § 614.4700: 50 percent.
(8)Commodity loans qualifying under § 614.4231: 50 percent.
(9)Export and import letters of credit qualifying under § 614.4720: 50 percent.
(b)Total limit.
(1)The sum of term and seasonal loans exclusive of commodity loans qualifying under § 614.4231: 35 percent.
(2)The sum of paragraphs (a)(1) through (a)(9) of this section: 50 percent. [58 FR 40321, July 28, 1993, as amended at 62 FR 51015, Sept. 30, 1997; 64 FR 34517, June 28, 1999; 71 FR 65387, Nov. 8, 2006]