12 CFR 616.600 - Definitions.

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§ 616.600 Definitions.
For the purposes of this part, the following definitions apply:
(a) Interests in leases means ownership interests in any aspect of a lease transaction, including, but not limited to, servicing rights.
(b) Lease means any contractual obligation to own and lease, or lease with the option to purchase, equipment or facilities used in the operations of persons eligible to borrow under part 613 of this chapter.
(c) Sale with recourse means a sale of a lease or an interest in a lease in which the seller:
(1) Retains some risk of loss from the transferred asset for any cause except the seller's breach of usual and customary warranties or representations designed to protect the purchaser against fraud or misrepresentation; or
(2) Has an obligation to make payments to any party resulting from:
(i) Default on the lease by the lessee or guarantor or any other deficiencies in the lessee's performance;
(ii) Changes in the market value of the assets after transfer;
(iii) Any contractual relationship between the seller and purchaser incident to the transfer that, by its terms, could continue even after final payment, default, or other termination of the assets transferred; or
(iv) Any other cause, except that the retention of servicing rights alone shall not constitute recourse.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 12 - BANKS AND BANKING

§ 2011 - Establishment, charters, titles, branches

§ 2013 - General corporate powers

§ 2014 - Farm Credit Bank capitalization

§ 2015 - Lending authority

§ 2017 - Eligibility

§ 2018 - Security; terms

§ 2019 - Purposes for extensions of credit

§ 2071 - Organization and charters

§ 2073 - General corporate powers

§ 2074 - Production credit association capitalization

§ 2075 - Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security

§ 2091 - Organizations; articles; charters; powers of the Farm Credit Administration

§ 2093 - General corporate powers

§ 2094 - Federal land bank association capitalization

§ 2097 - Liens on stock

§ 2121 - Establishment; titles; branches

§ 2122 - Corporate existence; general corporate powers

§ 2124 - Stock of banks for cooperatives

§ 2128 - Loans, commitments, and technical and financial assistance

§ 2129 - Eligibility

§ 2130 - Ownership of stock by borrowers

§ 2131 - Loans

§ 2141 - Charter, powers, and operation

§ 2149 - Lending limits

§ 2154 - Capital adequacy of banks and institutions

§ 2154a - Capitalization of System institutions

§ 2199 - Disclosure

§ 2200 - Access to documents and information

§ 2201 - Notice of action on application

§ 2202 - Reconsideration of actions

§ 2202a - Restructuring distressed loans

§ 2202c - Review of restructuring denials

§ 2202d - Protection of borrowers who meet all loan obligations

§ 2202e - Waiver of mediation rights by borrowers

§ 2206 - Participation loans

§ 2206a - Authority of Farm Credit Banks and direct lender associations to participate in loans to similar entities for risk management purposes

§ 2211 - Establishment

§ 2212 - Powers of Farm Credit Administration

§ 2213 - Regulation and examination

§ 2214 - State laws

§ 2219a - Right of first refusal

§ 2219b - Application of uninsured accounts

§ 2243 - Powers of Board

§ 2244 - Chairman; responsibilities; governing standards

§ 2252 - Powers and duties

§ 2279a - Power to merge

12 U.S. Code § 2222 to 2227 - Repealed.

12 U.S. Code § 2222 to 2227 - Repealed.

§ 2279b - Transfer of lending authority

12 U.S. Code § 2222 to 2227 - Repealed.

§ 2279f - Merger of similar banks

12 U.S. Code § 2222 to 2227 - Repealed.