BS
Boise Standard
Treasure Valley · AI Directory
12 U.S.C. · Banks and Banking
12 U.S.C. § 2279aa1

Federal Agricultural Mortgage Corporation

Ch. 23 — FARM CREDIT SYSTEM
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 23
Statutory Text

12 U.S.C. § 2279aa1 — Federal Agricultural Mortgage Corporation

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER VIII - AGRICULTURAL MORTGAGE SECONDARY MARKET Part A - Establishment and Activities of Federal Agricultural Mortgage Corporation Sec. 2279aa-1 - Federal Agricultural Mortgage Corporation From the U.S. Government Publishing Office, www.gpo.gov

§2279aa–1. Federal Agricultural Mortgage Corporation

(a) Establishment (1) In general There is hereby established a corporation to be known as the Federal Agricultural Mortgage Corporation, which shall be a federally chartered instrumentality of the United States. (2) Institution within Farm Credit System The Corporation shall be an institution of the Farm Credit System. (3) Liability (A) Corporation The Corporation shall not be liable for any debt or obligation of any other institution of the Farm Credit System. (B) System institutions The Farm Credit System and System institutions (other than the Corporation) shall not be liable for any debt or obligation of the Corporation. (b) Duties The Corporation shall— (1) in consultation with originators, develop uniform underwriting, security appraisal, and repayment standards for qualified loans; (2) determine the eligibility of agricultural mortgage marketing facilities to contract with the Corporation for the provision of guarantees for specific mortgage pools; (3) provide guarantees for the timely repayment of principal and interest on securities representing interests in, or obligations backed by, pools of qualified loans; and (4) purchase qualified loans and issue securities representing interests in, or obligations backed by, the qualified loans, guaranteed for the timely repayment of principal and interest.

(Pub. L. 92–181, title VIII, §8.1, as added Pub. L. 100–233, title VII, §702, Jan. 6, 1988, 101 Stat. 1687; amended Pub. L. 104–105, title I, §103, Feb. 10, 1996, 110 Stat. 163.)

Editorial Notes

Amendments 1996—Subsec. (b)(4). Pub. L. 104–105 added par. (4).

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-D5B502
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 2279aa1
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
bd1d80e76de4e72f...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 2279aa1 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 12
← 12 U.S.C. § 2279aa 12 U.S.C. § 2279aa2 →
Ch. 23 — FARM CREDIT SYSTEM
12 U.S.C. § 200112 U.S.C. § 200212 U.S.C. § 201112 U.S.C. § 201212 U.S.C. § 201312 U.S.C. § 201412 U.S.C. § 201512 U.S.C. § 201612 U.S.C. § 201712 U.S.C. § 201812 U.S.C. § 201912 U.S.C. § 202012 U.S.C. § 202112 U.S.C. § 202212 U.S.C. § 202312 U.S.C. § 207112 U.S.C. § 207212 U.S.C. § 207312 U.S.C. § 207412 U.S.C. § 207512 U.S.C. § 207612 U.S.C. § 2076a12 U.S.C. § 207712 U.S.C. § 209112 U.S.C. § 209212 U.S.C. § 209312 U.S.C. § 209412 U.S.C. § 209512 U.S.C. § 209612 U.S.C. § 2097
12 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 2279aa1