[Federal Register: May 14, 2004 (Volume 69, Number 94)]
[Rules and Regulations]
[Page 26763]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14my04-2]
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FARM CREDIT ADMINISTRATION
12 CFR Parts 614 and 617
RIN 3052-AC04
Loan Policies and Operations; Borrower Rights; Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
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SUMMARY: The Farm Credit Administration (FCA) published a final rule
under parts 614 and 617 on March 30, 2004 (69 FR 16455). This final
rule clarifies when and how qualified lenders must disclose the
effective interest rates and other loan information to borrowers; when
and how the cost of Farm Credit System borrower stock must be disclosed
to borrowers; and how loan origination charges and other loan
information must be disclosed to borrowers. In accordance with 12
U.S.C. 2252, the effective date of the interim final rule is 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
May 10, 2004.
DATES: Effective Date: The regulation amending 12 CFR parts 614 and 617
published on March 30, 2004 (69 FR 16455) is effective May 10, 2004.
FOR FURTHER INFORMATION CONTACT: Tong-Ching Chang, Senior Policy
Analyst, Office of Policy and Analysis, Farm Credit Administration,
McLean, VA 22102-5090, (703) 883-4498, TTY (703) 883-4434; or Howard
Rubin, Senior Attorney, Office of General Counsel, Farm Credit
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
2020.
(12 U.S.C. 2252(a)(9) and (10))
Dated: May 11, 2004.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 04-11024 Filed 5-13-04; 8:45 am]
BILLING CODE 6705-01-P