§ 725.20. Repayment, security and credit reporting agreements; other terms and conditions.
107 words·~1 min read·
/us/cfr/t12/s§ 725.20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Regular and Agent members, or in the case of an Agent group, the Agent group representative, shall sign the repayment, security and credit reporting agreements prescribed by the Facility, and all Facility advances to Regular and Agent members shall be governed by the terms and conditions of such agreements.
(b)All Agent loans shall be made subject to the repayment, security and credit reporting terms prescribed by the Facility for Agent loans.
(c)Other terms and conditions applicable to Facility advances and Agent loans will be specified in confirmations of credit provided in connection with such advances and loans, and/or in operating circulars of the Facility.