---
kind: "section"
citation: "12 C.F.R. § 617.7520"
title: "12"
number: "617.7520"
heading: "How does the FCA issue a directive and when will it be effective?"
url: "https://uscodex.org/cfr/12/617.7520"
---

# §617.7520. How does the FCA issue a directive and when will it be effective?


A distressed loan restructuring directive is effective immediately on receipt by the qualified lender, or on such later date as may be specified by FCA, and will remain effective and enforceable until it is stayed, modified, or terminated by FCA.


## Notes

### Authority

Authority: Secs. 4.13, 4.13A, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.36, 5.9, 5.17 of the Farm Credit Act (12 U.S.C. 2199, 2200, 2201, 2202, 2202a, 2202c, 2202d, 2202e, 2219a, 2243, 2252).

### Source

Source: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.