[Federal Register Volume 75, Number 44 (Monday, March 8, 2010)]
[Rules and Regulations]
[Page 10411]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-4858]
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FARM CREDIT ADMINISTRATION
12 CFR Part 617
RIN 3052-AC45
Borrower Rights; Effective Interest Rates; Effective Date
AGENCY: Farm Credit Administration.
ACTION: Notice of effective date.
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SUMMARY: The Farm Credit Administration (FCA or Agency), through the
FCA Board (Board), issued a final rule under part 617 on December 22,
2009 (74 FR 67970) amending FCA's regulations to ensure that borrowers
with loans directly tied to a widely publicized external index receive
appropriate disclosure of interest rate changes in accordance with
statutory requirements while allowing Farm Credit System institutions
to provide the notices in a more efficient manner. In accordance with
12 U.S.C. 2252, the effective date of the 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 March 2,
2010.
DATES: Effective Date: Under the authority of 12 U.S.C. 2252, the
regulation amending 12 CFR part 617 published on December 22, 2009 (74
FR 67970) is effective March 2, 2010.
FOR FURTHER INFORMATION CONTACT: Jacqueline R. Melvin, Policy Analyst,
Office of Regulatory Policy, Farm Credit Administration, McLean,
Virginia 22102-5090, (703) 883-4498, TTY (703) 883-4434, or Howard
Rubin, Senior Counsel, Office of General Counsel, Farm Credit
Administration, McLean, Virginia 22102-5090, (703) 883-4020, TTY (703)
883-4020.
(12 U.S.C. 2252(a)(9) and (10))
Dated: March 3, 2010.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. 2010-4858 Filed 3-5-10; 8:45 am]
BILLING CODE 6705-01-P