{"data":{"id":"us/12-cfr-614.4110","jurisdiction":"us","citation":"12 CFR 614.4110","heading":"Transfer of direct lending authority to Federal land bank associations and agricultural credit associations.","body":"(a) Upon the transfer of authority to make and participate in long-term agricultural real estate mortgage loans by a Farm Credit Bank or agricultural credit bank to a Federal land bank association pursuant to section 7.6(a) of the Act and subpart E of part 611 of these regulations, the association shall be designated a Federal land credit association and shall have the powers set forth in § 614.4030.\n(b) Upon the transfer of the authority to make and participate in long-term real estate loans by a Farm Credit Bank or agricultural credit bank to an agricultural credit association pursuant to section 7.6(d) of the Act, the association shall have all of the powers set forth in § 614.4050.\n(c) An association to which such long-term lending authority is to be transferred shall have in place, prior to the transfer, policies and procedures guiding the extension and administration of credit within its territory.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 614—LOAN POLICIES AND OPERATIONS","Subpart C—Bank/Association Lending Relationship"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"e29379a2d5f752ef713a2108934d2d0de06fe4bce13acccc4e4ccd2a6968eb13","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-614.4100","next":"us/12-cfr-614.4120"},"notice":"GroundRules: Original legal text. Not legal advice."}