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Return to Comments
Amortization Limits
Type: Regulation
Federal Register Document Type: Proposed
Description:
FCA Regulations contain a “gap” in lending authorities between a production credit association (PCA) and an agricultural credit association (ACA). A PCA has authority to make short- and intermediate-term loans for a period of 10 years (15 for aquatic producers), with a maximum amortization period of 15 years. Additionally, any refinancing may not extend beyond 15 years from the date of the original loan. An ACA has the same short- and intermediate-term authority lending authority; however, there is no limitation on the amortization period as well as the refinancing period.


Text of Comment Letter

Attached is CoBank’s Comment Letter on Amortization Limits.  If you have any questions please contact me.  Thank you. 

Dave Stephens

CoBank, ACB
6340 South Fiddlers Green Circle
Greenwood Village, CO 80111

(303)694-5973  Cell (720)369-0191

DStephens@cobank.com

Unless specifically stated, (i) this email does not create a legal relationship between CoBank, ACB, including its subsidiaries and affiliates (collectively “CoBank”) and the recipient, and (ii) CoBank disclaims any liability for the content of this email or for the consequences of any actions taken on the basis of the information provided in this email or its attachments. This email is intended solely for the use of the intended recipient(s) and may contain information that is confidential, privileged or otherwise protected from disclosure. If you are not the intended recipient of this email, please notify the sender, and delete it from your system. In communicating via email with CoBank, you consent to the foregoing.
CoBank, 6340 S. Fiddlers Green Circle, Greenwood Village, CO 80111 www.cobank.com

Attachments: