Restructuring
Notwithstanding any other provision of law, sections 2202, 2202a, 2202b, 2202d, and 2219a of this title shall not apply to any loan included in a pool of qualified loans backing securities or obligations for which the Corporation provides guarantee. The loan servicing standards established by the Corporation shall be patterned after similar standards adopted by other federally sponsored secondary market facilities.
Borrowers rights
section 2202a(a)(5) of this titleAt the time of application for a loan (as defined in ), originators that are Farm Credit System institutions shall give written notice to each applicant of the terms and conditions of the loan, setting forth separately terms and conditions for pooled loans and loans that are not pooled. This notice shall include a statement, if applicable, that the loan may be pooled and that, if pooled, sections 2202, 2202a, 2202b, 2202d, and 2219a of this title shall not apply. This notice also shall inform the applicant that he or she has the right not to have the loan pooled. Within 3 days from the time of commitment, an applicant has the right to refuse to allow the loan to be pooled, thereby retaining rights under sections 2202, 2202a, 2202b, 2202d, and 2219a of this title, if applicable.
Pub. L. 92–181, title VIII, § 8Pub. L. 100–233, title VII, § 702101 Stat. 1701Pub. L. 100–399, title VI, § 601(j)102 Stat. 1005Pub. L. 104–105, title II, § 208(b)110 Stat. 174Pub. L. 115–334, title V, § 5411(46)132 Stat. 4685(.9, as added , , ; amended , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 115–3342018— struck out “2202c,” after “2202b,” wherever appearing.
Pub. L. 104–105section 2202a(a)(5) of this title1996—Subsec. (b). inserted “(as defined in )” after “application for a loan”.
Pub. L. 100–3991988—Subsecs. (a), (b). substituted “2202d, and 2219a” for “and 2219b” wherever appearing.
Statutory Notes and Related Subsidiaries
Effective Date of 1988 Amendment
Pub. L. 100–399Pub. L. 100–233section 1001(a) of Pub. L. 100–399section 2002 of this titleAmendment by effective as if enacted immediately after enactment of , which was approved , see , set out as a note under .