12 U.S.C. § 2149

Current through P.L. 118-64 (published on www.congress.gov on 05/24/2024), except for [P. L. 118-63]

Section 2149 - Lending limits

The Farm Credit Administration may not establish lending limits for the consolidated bank with respect to any loans or borrowers that are more restrictive than the combined lending limits that were previously established by the Farm Credit Administration for the constituent banks described in section 413(b) of the Agricultural Credit Act of 1987 ( 12 U.S.C. 2121 note; Public Law 100-233) with respect to such loans or borrowers.

12 U.S.C. § 2149

Pub. L. 92-181, title III, §3.28, as added Pub. L. 100-233, title IV, §415(2), Jan. 6, 1988, 101 Stat. 1644; amended Pub. L. 115-334, title V, §5411(15), Dec. 20, 2018, 132 Stat. 4680.

EDITORIAL NOTES

AMENDMENTS2018- Pub. L. 115-334 substituted "the constituent banks described in section 413(b) of the Agricultural Credit Act of 1987 ( 12 U.S.C. 2121 note; Public Law 100-233)" for "a district bank for cooperatives and the Central Bank for Cooperatives".

credit

The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.