12 U.S.C. § 2017
Eligibility
A prior section 2017, Pub. L. 92–181, title I, § 1.9,
Pub. L. 100–233, title IV, § 401,
Notes of Decisions
Cited in 11
cases, 1979–2005 · leading case: Independent Bankers Ass'n of America v. Farm Credit Administration
Independent Bankers Ass'n of America v. Farm Credit Administration (1999)
“” 12 U.S.C. § 2017 (1994). It further provides that loans by farm credit banks “to persons furnishing farm-related services .”
Federal Land Bank of Omaha v. Woods (1992)
“12 U.S.C. § 2017 (1975) (now codified at 12 U.”
Western Farm Credit Bank v. Davenport (In Re Davenport) (1993)
“See 12 U.S.C.S. §§ 2017 , 2021(c) (1984 & Supp.”
Independent Bankers Ass'n of America v. Farm Credit Administration (1997)
“” 12 U.S.C. § 2017 (2). Plaintiffs contend that three aspects of the new regulation governing § 2017(2) loans violate the express language and clear intent of the Act.”
State v. FARM CREDIT SERVICES OF CENT. ARK. (1999)
“PCAs are designated by 12 U.S.C. §§ 2017 and 2077 as “federal instrumentalities.”
John D. Sibley v. The Federal Land Bank of New Orleans, and Board of Commissioners of the Mississippi State Bar, Interve (1979)
“12 U.S.C. § 2017 requires that “[l]oans shall not exceed 85 per centum of the appraised value of the real estate security, and shall be secured by first liens on interest in real estate of such classes as may be approved by the Farm Credit Administration.”
Matter of Arthur (1988)
“12 U.S.C. § 2017 and § 2018. These loans are administered and serviced by regional federal land bank associations.”
Nelson v. Farm Credit Services of North Dakota, PCA (2005)
“Eligibility for Farm Credit System is statutorily limited by 12 U.S.C. § 2017 , which provides as follows: The credit and financial services authorized in this subchapter may be made available to persons who are or become stockholders or members of the bank or associations in…”
Hugh S. Hunt v. John E. Tomlinson and Jones, Wilson & Tomlinson, P.A. (1986)
“” Hunt is quite right about the fact that 12 U.S.C. § 2017 provides that a Federal Land Bank, in order to issue a loan on real estate, must be assured that it has the first lien on the property in question.”
N.S. Garrott & Sons v. Union Planters National Bank (1985)
“The existence of the Connecticut Mutual and Connecticut General mortgages presented an obstacle to the debtor’s acquisition of the loan from the Land Bank because the Land Bank is prohibited by federal statute, 12 U.S.C. § 2017 , 1 to make a loan on real property unless it…”
Williams v. Federal Land Bank (1992)
“” 12 U.S.C. § 2017 (1982). 4 And the regulations specify that this minimum relation must prevail throughout the life of the loan, so that it would apply to the residual loan after a release of the original collateral.”
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