Data / Federal rules / 2024-19805
Loans to Similar Entities
The Farm Credit Administration published this proposed rule in the Federal Register on September 6, 2024. Comments closed on December 5, 2024.
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What the agency says
The Farm Credit Administration (FCA, our, or we) issues this advanced notice of proposed rulemaking (ANPRM), so interested members of the public may have the opportunity to provide input on how FCA should amend pivotal aspects of its similar entity lending regulations. More specifically, we are focusing on whether and how these regulations could better implement statutory provisions requiring similar entities to engage in activities that are "functionally similar" to the activities of eligible borrowers. We also seek comments about how FCA can ensure that our similar entity regulations are more closely aligned with the Farm Credit System's (FCS or System) statutory mission to serve agriculture, aquaculture, and specific activities in rural America. Additionally, we request comments pertaining to the determination of whether an entity, or entities within a corporate family can simultaneously qualify as both an eligible borrower and similar entity, as well as on the use of "other extensions of credit" and "other technical and financial assistance" within the similar entity lending authority. We intend to use the comments that we receive from this ANPRM to craft a proposed rule to enhance the clarity and guidance of our similar entity regulations.
Key facts
- Document number
- 2024-19805
- Type
- Proposed rule
- Action
- Advanced notice of proposed rulemaking
- Agency
- Farm Credit Administration
- Published
- September 6, 2024
- Comments due
- December 5, 2024
- Dates
- You may send comments on or before December 5, 2024.
- Regulation ID (RIN)
- 3052-AD58
- Code of Federal Regulations
- 12 CFR 613
- Pages
- 5
Other documents from the Farm Credit Administration
| Document | Type | Published |
|---|---|---|
| Loan Performance Categories and Financial Reporting 2026-17440 | Final rule | Aug 26 |
| Loan Performance Categories and Financial Reporting 2026-15027 | Final rule | Jul 24 |
| Assessment and Apportionment of Administrative Expenses 2026-07903 | Proposed rule | Apr 23 |
| General Provisions 2026-06553 | Final rule | Apr 3 |
| Organization, Loan Policies and Operations, Disclosure to Shareholders, Nondiscrimination in Lending, Capital Adequacy of System Institutions, Disclosure to Investors 2026-04419 | Final rule | Mar 6 |
| Permanent Capital Revisions 2026-03923 | Proposed rule | Feb 27 |
| General Provisions 2026-03314 | Final rule | Feb 19 |
| Organization, Loan Policies and Operations, Disclosure to Shareholders, Nondiscrimination in Lending, Capital Adequacy of System Institutions, Disclosure to Investors 2026-01368 | Final rule | Jan 26 |
Everything from the Farm Credit Administration · Published in September 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.