---
kind: "section"
citation: "12 C.F.R. § 652.62"
title: "12"
number: "652.62"
heading: "Notice to OSMO of capital distributions."
url: "https://uscodex.org/cfr/12/652.62"
---

# §652.62. Notice to OSMO of capital distributions.

- (a) Farmer Mac must provide OSMO with notice 15 calendar days prior to a board consideration of a declaration of a capital distribution or any material changes in capital distributions policies.
- (b) Except as provided in [paragraph (c)](#c), notice under [paragraph (a)](#a) of this section is not required with respect to capital distributions set forth (i.e., specifically scheduled as to amount and timing along with a discussion of the planned distribution) in the capital plan or a regular periodic payment of dividends on common stock and preferred stock when there is no change in the amount of payment per share from the previous period.
- (c) In the event that OSMO determines a capital plan has not adequately taken into account OSMO's assessment as required under [§ 652.61(f)](/cfr/12/652.61.md?p=f), the exception described in [paragraph (b)](#b) of this section shall not apply, and Farmer Mac must provide notification of any and all capital distributions as set forth in [paragraph (a)](#a) of this section.

## Notes

### Amendments

[78 FR 65149, Oct. 31, 2013]

### Source

Source: 71 FR 77253, Dec. 26, 2006, unless otherwise noted.

### Authority

Authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183, 2243, 2252, 2279aa-11, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4, 2279bb-5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub. L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C. 78o-7 note) (July 21, 2010).

### Source

Source: 70 FR 40644, July 14, 2005, unless otherwise noted.

### Amendments

[78 FR 65149, Oct. 31, 2013]