12 U.S. Code § 2279aa–5 - Certification of agricultural mortgage marketing facilities
Within 120 days after the date on which the permanent board first meets with a quorum present, the Corporation shall issue standards for the certification of agricultural mortgage marketing facilities (other than the Corporation), including eligibility standards in accordance with paragraph (2).
The standards established under this subsection shall not discriminate between or against Farm Credit System and non-Farm Credit System applicants.
Notwithstanding any other provision of this chapter, any Farm Credit System institution, acting for such institution alone or in conjunction with one or more other such institutions, may establish and operate, as an affiliate, an agricultural mortgage marketing facility if, within a reasonable time after such establishment, such facility obtains and thereafter retains certification under subsection (b) as a certified facility.
1996—Subsec. (a)(1). Pub. L. 104–105, § 106(1)(A), inserted “(other than the Corporation)” after “facilities”.
Subsec. (a)(2). Pub. L. 104–105, § 106(1)(B), inserted “(other than the Corporation)” after “facility” in introductory provisions.
Subsec. (e)(1). Pub. L. 104–105, § 106(2), struck out “(other than the Corporation)” after “System institution”.
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