12 C.F.R. · Banks and Banking
12 C.F.R. § 615.5090

Reduction in carrying value of collateral.

Title 12 C.F.R. ● ACTIVE Primary Source
Regulatory Text

12 C.F.R. § 615.5090 — Reduction in carrying value of collateral.

§ 615.5090 Reduction in carrying value of collateral. When the bank or Farm Credit Administration determines that a loan did not conform to the requirements of the law or regulations at the time the loan was closed, such loan shall be withdrawn from collateral until the cause of ineligibility is remedied. When a loan has been classified as a loss loan, the bank shall adjust the collateral value of the loan accordingly.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR12-SEC-C13DED
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12 C.F.R. § 615.5090
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PRIMARY-SOURCE
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The regulatory text of 12 C.F.R. § 615.5090 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 12 12 C.F.R. § 615.5090