Rule2024-03870
Loan Policies and Operations
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 26, 2024
Effective
February 14, 2024
Issuing agencies
Farm Credit Administration
Abstract
The Farm Credit Administration (FCA, we, or our) issued a final rule amending our regulations governing young, beginning, and small farmers and ranchers (YBS).
Full Text
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<title>Federal Register, Volume 89 Issue 38 (Monday, February 26, 2024)</title>
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[Federal Register Volume 89, Number 38 (Monday, February 26, 2024)]
[Rules and Regulations]
[Page 13975]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-03870]
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Rules and Regulations
Federal Register
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This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
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Federal Register / Vol. 89, No. 38 / Monday, February 26, 2024 /
Rules and Regulations
[[Page 13975]]
FARM CREDIT ADMINISTRATION
12 CFR Parts 614 and 620
RIN 3052-AD54
Loan Policies and Operations
AGENCY: Farm Credit Administration.
ACTION: Notification of effective date.
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SUMMARY: The Farm Credit Administration (FCA, we, or our) issued a
final rule amending our regulations governing young, beginning, and
small farmers and ranchers (YBS).
DATES: The final rule was published on December 27, 2023 (88 FR 89280),
and is effective as of February 14, 2024.
FOR FURTHER INFORMATION CONTACT:
Technical information: Jessica Tomlinson-Potter, Senior Policy
Analyst, Office of Regulatory Policy, (703) 819-4667, TTY (703) 883-
4056, <a href="/cdn-cgi/l/email-protection#74041b000011061e341217155a131b02"><span class="__cf_email__" data-cfemail="077768737362756d4761646629606871">[email protected]</span></a>.
or
Legal information: Hazem Isawi, Senior Attorney, Office of General
Counsel, (703) 883-4022, TTY (703) 883-4056, <a href="/cdn-cgi/l/email-protection#08617b697f6160486e6b69266f677e"><span class="__cf_email__" data-cfemail="f69f8597819f9eb6909597d8919980">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: On October 12, 2023, FCA issued a final rule
amending our regulations at 12 CFR parts 614 and 620 governing service
to YBS. The final rule clarifies the responsibilities of funding banks
in the review and approval of direct lender association YBS programs,
strengthens funding bank internal controls, and bolsters YBS business
planning.
In accordance with 12 U.S.C. 2252(c)(1), the effective date of the
rule is no earlier than 30 days from the date of publication in the
Federal Register during which either or both Houses of Congress are in
session. Based on the records of the sessions of Congress, the
effective date of the regulations is February 14, 2024.
Dated: February 21, 2024.
Ashley Waldron,
Secretary to the Board, Farm Credit Administration.
[FR Doc. 2024-03870 Filed 2-23-24; 8:45 am]
BILLING CODE 6705-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.