{"data":{"id":"us/12-cfr-617.7110","jurisdiction":"us","citation":"12 CFR 617.7110","heading":"How should a qualified lender disclose the cost of borrower stock or participation certificates?","body":"The cost of borrower stock or participation certificates must be included in the effective interest rate calculation at the time the stock or participation certificate is purchased in connection with a loan transaction. For subsequent loans to existing borrowers, only the cost of new stock or participation certificates, if any, purchased in connection with a new loan or advance of new funds must be included in the effective interest rate calculation for the transaction.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 617—BORROWER RIGHTS","Subpart B—Disclosure of Effective Interest Rates"],"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":"115d93d8b37060b03d7581ac86db1900b3a59bda46152c7f709ad8190860bd7c","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-617.7105","next":"us/12-cfr-617.7115"},"notice":"GroundRules: Original legal text. Not legal advice."}