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Federal law — U.S. Code and appendices · legal_authorities
In this part, the term “bank” includes each association operating under subchapter II.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2218
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Stable record: federal_law:legal_authorities:record_usc_258b27f1ece1d49082990110
Source file: Laws/federal/codes/united-states-code/title-12/section-2218-bank-defined--54eb998d8f.md
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Source location: Title 12, Chapter 23, § 2218; chapter-023-farm-credit-system.md
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Regulatory authorization** (1) The regulations of the Farm Credit Administration governing financially related services that the banks and associations of the Farm Credit System may provide under subchapters I and II of this chapter may authorize the sale to any member of or borrower from any such bank or association, on an optional basis, of credit or term life and credit disability insurance appropriate to protect the loan commitment in the event of death or disability of the debtors and other insurance necessary to protect the member’s farm or aquatic unit, but limited to, hail and multiple-peril crop insurance, title insurance, and insurance to protect the facilities and equipment of aquatic borrowers. A member or borrower shall have the option, without coercion from the bank or association of such member or borrower, to accept or reject such insurance. (2) In making insurance available through private insurers, the banks shall approve the programs of more than two insurers for each type of insurance offered in the district, if more than two insurers for each type of insurance have proposed programs to a bank that will, in all likelihood, have long-term viability and meet the requirements of subsection (b)(2)(D). The banks may provide comparative information relating to costs and quality of approved programs and the financial conditions of approved companies. Associations shall offer at least two insurers for each program from among those approved by the Farm Credit Banks, if at least two insurers have been approved in accordance with this paragraph. **(b) Contents of regulations** Such regulations shall provide that— (1) in any case in which insurance is required as a condition for a loan or other financial assistance from a bank or association, notice be
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2219a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1343 TITLE 12—BANKS AND BANKING § 2218 subchapter, was classified to section 2216 of this title, prior to repeal by Pub. L. 100–233, title II, § 207(a)(3), Jan. 6, 1988, 101 Stat. 1607. PART D1—FARM CREDIT SYSTEM CAPITAL CORPORATION §§ 2216 to 2216k. Repealed. Pub. L. 100–233, title II, § 207(a)(3), Jan. 6, 1988, 101 Stat. 1607 Section 2216, Pub. L. 92–181, title IV, § 4.28A, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1680, provided for chartering of Farm Credit System Capital Corporation by Farm Credit Administration and re- voked charter of Farm Credit System Capital Corpora- tion which had been issued under part D of this sub- chapter. Section 2216a, Pub. L. 92–181, title IV, § 4.28B, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1680, set out purposes of Capital Corporation. Section 2216b, Pub. L. 92–181, title IV, § 4.28C, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1680, provided for Board of Directors of Capital Corporation. Section 2216c, Pub. L. 92–181, title IV, § 4.28D, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1682, provided for compensation of members of Board of Di- rectors of Capital Corporation. Section 2216d, Pub. L. 92–181, title IV, § 4.28E, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1682, authorized Board of Directors of Capital Corporation to adopt rules. Section 2216e, Pub. L. 92–181, title IV, § 4.28F, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1682, provided for selection of chief executive officer of Cap- ital Corporation. Section 2216f, Pub. L. 92–181, title IV, § 4.28G, as added Pub. L. 99–205, title I, § 103, Dec. 23, 1985, 99 Stat. 1682, enumerated corporate powers of Capital Corpora
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2218
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