§772.2. Abbreviations and Definitions.
7 C.F.R. § 772.2
Abbreviations.
Definitions. Association-Type Minor Program loans (AMP): Loans to Grazing Associations and Irrigation and Drainage Associations.
Entity: Cooperative, corporation, partnership, joint operation, trust, or limited liability company.
Graduation: The requirement contained in loan documents that borrowers pay their FSA loan in full with funds received from a commercial lending source as a result of improvement in their financial condition.
Individual-type Minor Program loans (IMP): Non-Farm Enterprise or Recreation loans to individuals.
Member: Any individual who has an ownership interest in the entity which has received the Minor Program loan.
Minor Program: Non-Farm Enterprise, Individual Recreation, Grazing Association, or Irrigation and Drainage loan programs administered or to be administered by FSA
Review official: An agency employee, contractor or designee who is authorized to conduct a compliance review of a Minor Program borrower under this part.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301, 7 U.S.C. 1989, and 25 U.S.C. 490.
Source
Source: 68 FR 69949, Dec. 16, 2003, unless otherwise noted.