Section 1710.154 - Board of Director ResolutionsSpecific actions that require a Board of Director Resolution from a borrower:
(a) Board approval of loan documents;(b) Major change in the terms of a loan, i.e. maturity;(c) Initial access to RD Apply (or successor RUS online application systems);(d) Requests for approval by a Board, acting as the regulatory authority, for any departure from the RUS Uniform System of Accounts with the exception of those deferrals specifically identified in § 1767.13(d) ; and(e) eAuthentication requirements.84 FR 32610, July 9, 2019