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Article: Agency takes down-home approach to regulation. (Farm Credit Administration)
- Article from:
- American Banker
- Article date:
- July 31, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Everybody who cares about the Farm Credit Administration's activities knows that the agency's board voted on an important regulation July 19.
However, all but the extremely well-connected are still waiting to see just what's in the credit administration's proposed rule on "eligibility and scope of financing."
A news release issued by the agency last Thursday says the new rule would allow farmers to borrow from the Farm Credit System for nonfarm purposes, eliminate eligibility distinctions between part-time and full- time farmers, and ease restrictions on nonfarm rural home loans - among a whole lot of other things.
But the actual proposal, though it ...