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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

Please see the attached comment letter on amortization limits. Please let me know if there are any questions or concerns.

Ed 

Edwin Elfmann

Senior Vice President

Agricultural and Rural Banking Policy

American Bankers Association

Building Success. Together. 

1120 Connecticut Avenue, NW, Washington, DC 20036

T: 202.663.5018 | E: eelfmann@aba.com | F: 202.828.4548 

 

Attachments: