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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.

FCA has received comment letters about this item. The letters may be sorted by Date Received, by Sender or by Organization. Click on a comment letter to open it.


Date ReceivedSenderOrganization
03/23/2020 Wesley Sutton Capital Farm Credit
03/23/2020 Barbara Kay Stille AgriBank, FCB
03/23/2020 Charles Dana Farm Credit Council
03/23/2020 Edwin Elfmann American Bankers Association
03/20/2020 M. Mashenka Lundberg CoBank, ACB
03/02/2020 John Phelan Northwest Farm Credit Services