12 CFR 611.1290 - Continuation of borrower rights.
Code of Federal Regulations - Title 12: Banks and Banking (2011)
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Text
Title 12: Banks and Banking
CHAPTER VI: FARM CREDIT ADMINISTRATION
SUBCHAPTER B: FARM CREDIT SYSTEM
PART 611: ORGANIZATION
Subpart P: Termination of System Institution Status
611.1290 - Continuation of borrower rights.
You may not require a waiver of contractual borrower rights provisions as a condition of borrowing from and owning equity in the successor institution. Institutions that become other financing institutions on termination must comply with the applicable borrower rights provisions in the Act and part 617 of this chapter.
