Skip to Content

We invite you to try out our new beta eCFR site at https://ecfr.federalregister.gov. We’ve made big changes to make the eCFR easier to use. Be sure to leave feedback using the 'Feedback' button on the bottom right of each page!

Rule

Amortization Limits; Correction

A Rule by the Farm Credit Administration on 12/02/2020

Document Details

Information about this document as published in the Federal Register.

Printed version:
PDF
Publication Date:
12/02/2020
Agency:
Farm Credit Administration
Dates:
This correction is effective December 2, 2020.
Effective Date:
12/02/2020
Document Type:
Rule
Document Citation:
85 FR 77364
Page:
77364-77365 (2 pages)
CFR:
12 CFR 614
RIN:
3052-AC92
Document Number:
2020-23688
Document Details
Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.
Page views:
127
as of 01/16/2021 at 12:15 am EST
Document Statistics
Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Farm Credit Administration.

ACTION:

Final rule; correction.

SUMMARY:

On September 28, 2020, the Farm Credit Administration (FCA) published a final rule that repealed the regulatory requirement that production credit associations (PCAs) amortize their loans in 15 years or less, while requiring all Farm Credit System (FCS or System) associations to address amortization through their credit underwriting standards and internal controls. In that publication, FCA inadvertently omitted a statement that the Office of Management and Budget's Office of Information and Regulatory Affairs determined that the final rule is not a major rule under the applicable provisions of the Congressional Review Act. This document corrects that error.

DATES:

This correction is effective December 2, 2020.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Richard A. Katz, Senior Counsel, Office of General Counsel, (703) 883-4020, TTY (703) 883-4056, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090.

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

In FR Doc. 2020-18552, entitled “Amortization Limits,” beginning on page 60691 in the Federal Register of Monday, September 28, 2020, make the following corrections;

1. On page 60693, in the second column, the heading for section V is corrected to read “Regulatory Flexibility Act and Major Rule Conclusion.”

2. On page 60693, in the second column, add paragraph at the end of section V to read as follows:

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).

Start Signature
Start Printed Page 77365

Dated: October 21, 2020.

Dale Aultman,

Secretary, Farm Credit Administration Board.

End Signature End Supplemental Information

[FR Doc. 2020-23688 Filed 12-1-20; 8:45 am]

BILLING CODE 6705-01-P

Published Document