Loan Policies and Operations

• Published date: 26 February 2024
• Record Number: 2024-03870
• Citation: 89 FR 13975
• Court: Farm Credit Administration
• Section: Rules and Regulations

Federal Register, Volume 89 Issue 38 (Monday, February 26, 2024)

[Federal Register Volume 89, Number 38 (Monday, February 26, 2024)]
                [Rules and Regulations]
                [Page 13975]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2024-03870]
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                Rules and Regulations
                 Federal Register
                ________________________________________________________________________
                This section of the FEDERAL REGISTER contains regulatory documents
                having general applicability and legal effect, most of which are keyed
                to and codified in the Code of Federal Regulations, which is published
                under 50 titles pursuant to 44 U.S.C. 1510.
                The Code of Federal Regulations is sold by the Superintendent of Documents.
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                Federal Register / Vol. 89, No. 38 / Monday, February 26, 2024 /
                Rules and Regulations
                [[Page 13975]]
                FARM CREDIT ADMINISTRATION
                12 CFR Parts 614 and 620
                RIN 3052-AD54
                Loan Policies and Operations
                AGENCY: Farm Credit Administration.
                ACTION: Notification of effective date.
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                SUMMARY: The Farm Credit Administration (FCA, we, or our) issued a
                final rule amending our regulations governing young, beginning, and
                small farmers and ranchers (YBS).
                DATES: The final rule was published on December 27, 2023 (88 FR 89280),
                and is effective as of February 14, 2024.
                FOR FURTHER INFORMATION CONTACT:
                 Technical information: Jessica Tomlinson-Potter, Senior Policy
                Analyst, Office of Regulatory Policy, (703) 819-4667, TTY (703) 883-
                4056, [email protected].
                 or
                 Legal information: Hazem Isawi, Senior Attorney, Office of General
                Counsel, (703) 883-4022, TTY (703) 883-4056, [email protected].
                SUPPLEMENTARY INFORMATION: On October 12, 2023, FCA issued a final rule
                amending our regulations at 12 CFR parts 614 and 620 governing service
                to YBS. The final rule clarifies the responsibilities of funding banks
                in the review and approval of direct lender association YBS programs,
                strengthens funding bank internal controls, and bolsters YBS business
                planning.
                 In accordance with 12 U.S.C. 2252(c)(1), the effective date of the
                rule is no earlier than 30 days from the date of publication in the
                Federal Register during which either or both Houses of Congress are in
                session. Based on the records of the sessions of Congress, the
                effective date of the regulations is February 14, 2024.
                 Dated: February 21, 2024.
                Ashley Waldron,
                Secretary to the Board, Farm Credit Administration.
                [FR Doc. 2024-03870 Filed 2-23-24; 8:45 am]
                BILLING CODE 6705-01-P