Rule2026-01368
Organization, Loan Policies and Operations, Disclosure to Shareholders, Nondiscrimination in Lending, Capital Adequacy of System Institutions, Disclosure to Investors
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
January 26, 2026
Issuing agencies
Farm Credit Administration
Abstract
The Farm Credit Administration (FCA, Agency, or we) is issuing a final rule correcting citations and making other technical updates and corrections throughout its regulations.
Full Text
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<title>Federal Register, Volume 91 Issue 16 (Monday, January 26, 2026)</title>
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[Federal Register Volume 91, Number 16 (Monday, January 26, 2026)]
[Rules and Regulations]
[Pages 3027-3030]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01368]
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FARM CREDIT ADMINISTRATION
12 CFR Parts 611, 614, 620, 626, 628, and 630
RIN 3052-ZA01
Organization, Loan Policies and Operations, Disclosure to
Shareholders, Nondiscrimination in Lending, Capital Adequacy of System
Institutions, Disclosure to Investors
AGENCY: Farm Credit Administration
ACTION: Final rule; Technical Amendments.
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SUMMARY: The Farm Credit Administration (FCA, Agency, or we) is issuing
a final rule correcting citations and making other technical updates
and corrections throughout its regulations.
DATES: The regulation will become effective 30 days after publication
in the Federal Register during which either or both houses of Congress
are in session. Pursuant to 12 U.S.C. 2252(c)(1), FCA will publish
notification of the effective date in the Federal Register.
FOR FURTHER INFORMATION CONTACT:
Technical information: Darius Hale, Senior Policy Analyst, Office
of Regulatory Policy, (703) 883-4165, TTY (703) 883-4056.
Legal information: Heather LoPresti, Senior Counsel, Office of
General Counsel, (703) 883-4318, TTY (703) 883-4056.
SUPPLEMENTARY INFORMATION:
I. Background
FCA is amending 12 CFR parts 611, 614, 620, 626, 628, and 630 to
update regulatory references that have been removed, revised, or are
otherwise no longer valid, and to correct other technical errors. These
technical corrections are non-substantive.
II. Regulation Changes
The technical updates in this final rule are outlined below:
1. Technical updates to regulations governing loan policies and
operations at Sec. 614.4200 and to nondiscrimination in lending at
Sec. Sec. 626.6010, 626.6020, and 626.6025.
FCA is updating references and citations in Sec. Sec.
614.4200(a)(3), 626.6010(a)(1), and 626.6020(a) to regulations issued
by the Consumer Financial Protection Bureau (CFPB) that were previously
issued by the Federal Reserve Board (FRB), including regulations B,\1\
M,\2\ and Z.\3\ Effective July 21, 2011, Section 1061 of the Dodd-Frank
Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) \4\
transferred these regulations from the FRB to the CFPB, and the CFPB
subsequently relocated these regulations in the Code of Federal
Regulations.\5\ Accordingly, FCA is replacing references to the FRB
with references to the CFPB and updating the regulation citations.
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\1\ 12 CFR part 1002, Equal Credit Opportunity Act (Regulation
B).
\2\ 12 CFR part 1013--Consumer Leasing (Regulation M).
\3\ 12 CFR part 1026--Truth in Lending (Regulation Z).
\4\ Dodd-Frank Act, Public Law 111-203, July 21, 2010.
\5\ See 76 FR 43569, 43570 (July 21, 2011).
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In addition, we are updating Sec. 626.6010(a)(1) to reflect
Regulation B's current prohibited bases for discrimination as defined
in 12 CFR 1002.2(z).
In Sec. 614.4200(c) we are making a correction to a typographical
error in a citation. Section 614.4200(c) requires loan amortizations.
It contains a reference to Sec. 614.41040(a), which does not exist and
should have been Sec. 614.4040(a).
In Sec. Sec. 626.6010(a)(1) and 626.6020(a), we are making
grammatical corrections.
In Sec. Sec. 626.6010(a)(1), 626.6020(a), and 626.6025(b), we are
updating the citations to the Equal Credit Opportunity Act (ECOA) to
ensure all amendments to the ECOA are encompassed. The update to Sec.
626.6025(b) will require a minor change to the ECOA citation specified
in the text of the Equal Housing Lender poster. Institutions making
loans for the purpose of purchasing, constructing, improving,
repairing, or maintaining a dwelling or any loan secured by a dwelling
must post and maintain this poster in their lobbies. To avoid the
expense and effort institutions would have to expend to reprint and
repost new posters to update the citation, FCA's revised regulation
will allow
[[Page 3028]]
System institutions to continue to use and display posters printed
before March 1, 2026.
In Sec. 626.6020(a), we are also removing the reference to 24 CFR
part 109 because that part was repealed by the Department of Housing
and Urban Development and was not replaced.\6\ We are leaving the
reference to 24 CFR part 100 because that part was not repealed.
Additionally, we are updating the reference from the Fair Housing
Amendments Act of 1988 (42 U.S.C. 3601-3631), to 42 U.S.C. 3601 et
seq., to be consistent with how the citation appears in other sections
in part 626.
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\6\ 61 FR 14378 (April 1, 1996).
2. Technical updates to regulations governing organization at Section
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611.1157(a).
FCA is correcting a mistake to a citation in 611.1157(a). Section
611.1157(a) requires a System institution to provide, in its annual
report to shareholders, information on its unincorporated business
entity (UBE) investment and business activity. Section 611.1157(a)
references Sec. 620.5(a)(12), which does not exist. The correct
reference is Sec. 620.5(a)(11) because that section requires banks and
associations to explain their business relationships with UBEs in their
annual report to shareholders.
3. Technical updates to regulations governing disclosure to
shareholders at Sec. 620.5(a)(11)(i).
FCA is correcting a mistake to a citation in Sec. 620.5(a)(11)(i).
That section requires banks and associations to disclose, in their
annual reports to shareholders, their business relationships with UBEs.
This paragraph contains an incorrect reference to paragraph (a)(12)(ii)
of this section, which does not exist. This reference is corrected to
paragraph (a)(11)(ii).
4. Technical updates to Appendix A to Part 628-Loan-to-Value Limits for
High Volatility Commercial Real Estate Exposures.
FCA is correcting a mistake in the printing of part 628, Appendix
A, Table A. The table, under the ``Construction'' category, incorrectly
aligns the line items of ``Improved property,'' and ''Owner-occupied 1-
to 4-family and home equity,'' as subsets. These line items are loan
categories, not subsets of the ``Construction'' category, and they
should be left justified in Table A. Additionally, in the loan-to-value
limit column for category, ``Owner-occupied 1- to 4-family and home
equity,'' footnote number two appears before the number ``85.'' The
position of footnote number two is incorrect and is changed to appear
after the number ``85.''
5. Technical updates to regulations governing disclosure to investors
at Sec. 630.4.
FCA is correcting a mistake to citations in Sec. 630.4(a)(7) and
(9). Those provisions require the Farm Credit Banks Funding Corporation
to request certain information from FCA if such information is not
forthcoming from a bank in accordance with paragraph ``(c)'' of Sec.
630.4. However, Sec. 630.4(c) imposes requirements on associations,
not banks. Section 630.4(b) is the provision that requires banks to
provide information to the Funding Corporation. We are correcting this
error by replacing the references to paragraph ``(c)'' in Sec.
630.4(a)(7) and (9) with references to paragraph ``(b).''
III. Rulemaking Procedures
A. Notice and Comment
Public notice and comment are not required. Section 553(b)(B) of
the Administrative Procedure Act \7\ provides that when an agency for
good cause finds that public notice and comment procedures are
impracticable, unnecessary, or contrary to the public interest, the
agency may issue a rule without providing notice and an opportunity for
public comment. FCA has determined that good cause exists to finalize
these amendments, which implement non-substantive technical
corrections, updates to citation references, and updates to references
to other agencies consistent with statutory changes, without public
notice and comment.
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\7\ 5 U.S.C. 553(b)(B).
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B. Determinations Under Executive Order 12866 and Executive Order 14192
The Office of Management and Budget's Office of Information and
Regulatory Affairs has determined that this final rule is not a
``significant regulatory action'' as defined by Section 3(f) of
Executive Order 12866, made applicable to FCA by Executive Order 14215.
This action is an Executive Order 14192 deregulatory action.
C. Regulatory Flexibility Act
Pursuant to section 605(b) of the Regulatory Flexibility Act (5
U.S.C. 601 et seq.), FCA hereby certifies this final rule will not have
a significant economic impact on a substantial number of small
entities. Each of the banks in the System, considered together with its
affiliated associations, has assets and annual income in excess of the
amounts that would qualify them as small entities. Therefore, System
institutions are not ``small entities'' as defined in the Regulatory
Flexibility Act.
D. Congressional Review Act (CRA)
Under the provisions of the Congressional Review Act (5 U.S.C. 801
et seq.), the Office of Management and Budget's Office of Information
and Regulatory Affairs has determined that this final rule is not a
``major rule'' as the term is defined at 5 U.S.C. 804(2).
List of Subjects
12 CFR Part 611
Agriculture, Banks, banking, Rural areas.
12 CFR Part 614
Agriculture, Banks, banking, Foreign trade, Reporting and
recordkeeping requirements, Rural areas.
12 CFR Part 620
Accounting, Agriculture, Banks, banking, Reporting and
recordkeeping requirements, Rural areas.
12 CFR Part 626
Advertising, Aged, Agriculture, Banks, banking, Civil rights,
Credit, Fair housing, Marital status discrimination, Sex
discrimination, Signs and symbols.
12 CFR 628
Accounting, Agriculture, Banks, banking, Capital, Government
securities, Investments, Rural areas.
12 CFR Part 630
Accounting, Agriculture, Banks, banking, Organization and functions
(Government agencies), Reporting and recordkeeping requirements, Rural
areas.
For the reasons stated in the preamble, the Farm Credit
Administration amends parts 611, 614, 620, 626, 628, and 630 of chapter
VI, title 12 of the Code of Federal Regulations as follows:
PART 611--ORGANIZATION
0
1. The authority citation for part 611 is revised to read as follows:
Authority: Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2,
2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12,
4.12A, 4.15, 4.20, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 7.0-
7.3, 7.6-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002, 2011,
2012, 2013, 2020, 2021, 2071, 2072, 2073, 2091, 2092, 2093, 2121,
2122, 2123, 2124, 2128, 2129, 2130, 2154a, 2183, 2184, 2203, 2208,
2211, 2212, 2213, 2214, 2243, 2252, 2261, 2279a-2279a-3, 2279b-
2279f-1, 2279aa-5(e)); secs. 411 and 412, Pub. L. 100-233, 101 Stat.
1568, 1638, as amended by secs. 403 and 404, Pub.
[[Page 3029]]
L. 100-399, 102 Stat. 989, 999 (12 U.S.C. 2071 note and 2202 note).
Sec. 611.1157 [Amended]
0
2. In Sec. 611.1157, amend paragraph (a) by removing the reference to
``Sec. 620.5(a)(12)'' and adding in its place the reference ``Sec.
620.5(a)(11)''.
PART 614--LOAN POLICIES AND OPERATIONS
0
3. The authority citation for part 614 continues to read as follows:
Authority: Secs. 1.3, 1.5, 1.6, 1.7, 1.9, 1.10, 1.11, 2.0, 2.2,
2.3, 2.4, 2.10, 2.12, 2.13, 2.15, 3.0, 3.1, 3.3, 3.7, 3.8, 3.10,
3.20, 3.28, 4.12, 4.12A, 4.13B, 4.14, 4.14A, 4.14D, 4.14E, 4.18,
4.18A, 4.19, 4.25, 4.26, 4.27, 4.28, 4.36, 4.37, 5.9, 5.10, 5.17,
7.0, 7.2, 7.6, 7.8, 7.12, 7.13, 8.0, 8.5 of the Farm Credit Act (12
U.S.C. 2011, 2013, 2014, 2015, 2017, 2018, 2019, 2071, 2073, 2074,
2075, 2091, 2093, 2094, 2097, 2121, 2122, 2124, 2128, 2129, 2131,
2141, 2149, 2183, 2184, 2201, 2202, 2202a, 2202d, 2202e, 2206,
2206a, 2207, 2211, 2212, 2213, 2214, 2219a, 2219b, 2243, 2244, 2252,
2279a, 2279a-2, 2279b, 2279c-1, 2279f, 2279f-1, 2279aa, 2279aa-5);
12 U.S.C. 2121 note; 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.
Sec. 614.4200 [Amended]
0
4. In Sec. 614.4200, amend paragraph (a)(3) by removing the reference
to ``12 CFR 202.9'' and adding in its place the reference ``12 CFR
1002.9'', and paragraph (c) by removing the reference to ``Sec.
614.41040(a)'' and adding in its place the reference ``Sec.
614.4040(a)''.
PART 620--DISCLOSURE TO SHAREHOLDERS
0
5. The authority citation for part 620 continues to read as follows:
Authority: Secs. 4.3, 4.3A, 4.19, 5.9, 5.17, 5.19 of the Farm
Credit Act (12 U.S.C. 2154, 2154a, 2207, 2243, 2252, 2254); sec.
424, Pub. L. 100-233, 101 Stat. 1568, 1656 (12 U.S.C. 2252 note);
sec. 514, Pub. L. 102-552, 106 Stat. 4102, 4134.
Sec. 620.5 [Amended]
0
6. In Sec. 620.5, amend paragraph (a)(11)(i) by removing the reference
to ``(a)(12)(ii)'' and adding in its place ``(a)(11)(ii)''.
PART 626--NONDISCRIMINATION IN LENDING
0
7. The authority citation for part 626 is revised to read as follows:
Authority: Secs. 1.5, 2.2, 2.12, 3.1, 5.9, 5.17 of the Farm
Credit Act (12 U.S.C. 2013, 2073, 2093, 2122, 2243, 2252); 42 U.S.C.
3601 et seq.; 15 U.S.C. 1691 et seq.; 12 CFR 1002, 24 CFR 100, 110.
0
8. Amend Sec. 626.6010 by revising paragraph (a)(1) to read as
follows:
Sec. 626.6010 Nondiscrimination in applications.
(a) * * *
(1) Race, color, religion, national origin, sex, marital status, or
age (provided that the applicant has the capacity to enter into a
binding contract); the fact that all or part of the applicant's income
derives from any public assistance program; or the fact that the
applicant has in good faith exercised any right under the Consumer
Credit Protection Act or any state law upon which the Consumer
Financial Protection Bureau has granted an exception, as prescribed
under title VII (Equal Credit Opportunity Act) of the Consumer Credit
Protection Act, as amended (15 U.S.C. 1601 et seq.), and the Consumer
Financial Protection Bureau's implementing regulation (12 CFR part
1002); and
* * * * *
0
9. Amend Sec. 626.6020 by revising paragraph (a) to read as follows:
Sec. 626.6020 Nondiscriminatory advertising.
(a) A Farm Credit institution that directly or through third
parties engages in any form of advertising shall not use words,
phrases, symbols, directions, forms, or models in such advertising
which express, imply, or suggest a policy of discrimination or
exclusion in violation of the provisions of title VIII (the Fair
Housing Act) of the Civil Rights Act of 1968, as amended by the Fair
Housing Amendments Act of 1988 (42 U.S.C. 3601 et seq.); the Department
of Housing and Urban Development's implementing regulations (24 CFR
part 100), and title VII (Equal Credit Opportunity Act) of the Consumer
Credit Protection Act, as amended (15 U.S.C. 1601 et seq.); and the
Consumer Financial Protection Bureau's implementing regulation (12 CFR
part 1002), or this subpart.
* * * * *
0
10. Amend Sec. 626.6025 by:
0
a. Redesignating paragraph (b) as paragraph (c);
0
b. Adding new paragraph (b); and
0
c. In newly redesignated paragraph (c), removing the words ``The
Consumer Credit Protection Act, as amended by the Equal Credit
Opportunity Act Amendments of 1976'', in the parenthetical under the
undesignated heading titled ``UNDER THE EQUAL CREDIT OPPORTUNITY ACT'',
and adding in its place the words ``Consumer Credit Protection Act, as
amended (15 U.S.C. 1601 et seq.)''.
The addition reads as follows:
Sec. 626.6025 Equal housing lender poster.
* * * * *
(b) System institutions may continue to use and display posters
printed before March 1, 2026.
* * * * *
PART 628--CAPITAL ADEQUACY OF SYSTEM INSTITUTIONS
0
11. The authority citation for part 628 is revised to read as follows:
Authority: Secs. 1.5, 1.7, 1.10, 1.11, 1.12, 2.2, 2.3, 2.4,
2.5, 2.12, 3.1, 3.7, 3.11, 3.25, 4.3, 4.3A, 4.9, 4.14B, 4.25, 5.9,
5.17, 8.0, 8.3, 8.4, 8.6, 8.8, 8.10, 8.12 of the Farm Credit Act (12
U.S.C. 2013, 2015, 2018, 2019, 2020, 2073, 2074, 2075, 2076, 2093,
2122, 2128, 2132, 2146, 2154, 2154a, 2160, 2202b, 2211, 2243, 2252,
2279aa, 2279aa-3, 2279aa-4, 2279aa-6, 2279aa-8, 2279aa-10, 2279aa-
12); sec. 301(a), Pub. L. 100-233, 101 Stat. 1568, 1608 as amended
by sec. 301(a), Pub. L. 103-399, 102 Stat 989, 993 (12 U.S.C. 2154
note); sec. 939A, Pub. L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C.
78o-7 note).
0
12. Amend Appendix A to part 628 by revising table A to read as
follows:
Appendix A to Part 628--Loan-to-Value Limits for High Volatility
Commercial Real Estate Exposures
* * * * *
Table A: Loan-to-Value Limits for High Volatility Commercial Real Estate
Exposures
------------------------------------------------------------------------
Loan-to-value
Loan category limit (percent)
------------------------------------------------------------------------
Raw Land............................................. 65
Land development..................................... 75
Construction:
Commercial, multifamily,\1\ and other non- 80
residential.....................................
1- to 4-family residential....................... 85
Improved property.................................... 85
[[Page 3030]]
Owner-occupied 1- to 4-family and home equity........ \2\ 85
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\1\ Multifamily construction includes condominiums and cooperatives.
\2\ If a loan is covered by private mortgage insurance, the loan-to-
value (LTV) may exceed 85 percent to the extent that the loan amount
in excess of 85 percent is covered by the insurance. If a loan is
guaranteed by Federal, State, or other governmental agencies, the LTV
limit is 97 percent.
PART 630--DISCLOSURE TO INVESTORS IN SYSTEMWIDE AND CONSOLIDATED
BANK DEBT OBLIGATIONS OF THE FARM CREDIT SYSTEM
0
13. The authority citation for part 630 continues to read as follows:
Authority: Secs. 4.2, 4.9, 5.9, 5.17, 5.19 of the Farm Credit
Act (12 U.S.C. 2153, 2160, 2243, 2252, 2254); sec. 424, Pub. L. 100-
233, 101 Stat. 1568, 1656 (12 U.S.C. 2252 note); sec. 514, Pub. L.
102-552, 106 Stat. 4102, 4134.
Sec. 630.4 [Amended]
0
14. In Sec. 630.4, amend paragraphs (a)(7) and (9) by removing the
reference to ``paragraph (c)'' and adding in its place a reference to
``paragraph (b)''.
Dated: January 21, 2026.
Ashley Waldron,
Secretary to the Board, Farm Credit Administration.
[FR Doc. 2026-01368 Filed 1-23-26; 8:45 am]
BILLING CODE 6705-01-P
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