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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

Good morning,

I am sending the enclosed AgriBank Comment Letter on behalf of Barbara Stille.

Thank you. 

Barbara Molitor Executive Administrative Assistant to

Barbara Kay Stille, Chief Administrative officer and General Counsel

voice (651) 282-8663 | email Barbara.Molitor@AgriBank.com

30 E. 7th Street, Suite 1600 | St. Paul, MN 55101

This communication is intended for the exclusive use of the addressee(s). It may contain information that is privileged, confidential and/or protected from disclosure, and that may be subject to the Electronic Communications Privacy Act of 1986, as amended. If you are not the intended recipient, any review, dissemination, distribution or copying of the communication is strictly prohibited. Please notify me immediately by telephone and/or reply e-mail and destroy this message and attachments.

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