Minnesota Administrative Code

1655.0021 DEFINITIONS. Subpart 1. Scope. The definitions in this part apply to this chapter. Subp. 2. Applicant. "Applicant" means a potential borrower who submits an application to the RFA through an eligible lender. Subp. 3. Application. "Application" means the application for …

1655.0031 BORROWER ELIGIBILITY. To be eligible for assistance under the livestock expansion loan program, an applicant must meet the criteria in Minnesota Statutes, section 41B.045. Statutory Authority: MS s 41B.07; 41C.13 History: 20 SR 2427; 30 SR 372 Published Electronically: …

1655.0051 LENDER ELIGIBILITY. Subpart 1. Statutory eligibility. Any bank, credit union, or savings association chartered by the state or federal government, a subdivision of the farm credit system (Agri Bank), the Federal Deposit Insurance Corporation, or any insurance company, f…

1655.0061 APPLICATION PROCESS AND OFFER OF PARTICIPATION. Subpart 1. Request for livestock expansion loan participation. A lender and an applicant must jointly complete and sign an application and prepare all supporting documents identified in the application. Financial statement…

1655.0071 RFA REVIEW, NOTICE, APPEAL. Subpart 1. RFA review. The RFA shall accept or reject all applications within 60 days after their receipt. If the documentation is not sufficient to make a determination, the RFA may request additional information to establish the creditworth…

1655.0081 LOAN CLOSING, PURCHASE OF PARTICIPATION, AND LOAN MANAGEMENT. Subpart 1. Closing. Upon receiving notification of RFA acceptance, the lender shall close the mortgage loan. The lender must record security documents relating to the loan. The lender must notify the RFA that…

1655.0091 PARTICIPATION REPURCHASE. A lender is under no obligation to repurchase an RFA participation interest in a livestock expansion mortgage loan except as provided in this part. A lender may, at its option and upon written approval by the RFA, repurchase an RFA participatio…

1655.0101 REVIEW OF LOAN AND COLLATERAL. Subpart 1. Inspection. At any time during the term of a livestock expansion mortgage loan, the RFA or the state legislative auditor may inspect the books, records, documents, and accounting practices of the lender relative to the loan to d…

1656.0011 APPLICABILITY AND PURPOSE. Subpart 1. Applicability. This chapter establishes the criteria and procedures to be used by the RFA in the administration of the value-added agricultural product loan program authorized by Minnesota Statutes, section 41B.046. Subp. 2. Purpose…

1656.0021 DEFINITIONS. Subpart 1. Scope. The definitions in this part apply to this chapter. Subp. 2. Agricultural commodity. "Agricultural commodity" has the meaning given in Minnesota Statutes, section 17.90. Subp. 3. Agricultural energy resources. "Agricultural energy resource…

1656.0031 BORROWER ELIGIBILITY. To be eligible for assistance through a loan participation under the value-added stock loan participation program, an applicant must meet the requirements of Minnesota Statutes, section 41B.046, subdivision 4, and have a total net worth not to exce…

1656.0041 LENDER ELIGIBILITY. Subpart 1. Statutory eligibility. A bank, credit union, or savings association chartered by the state or federal government, a subdivision of the Farm Credit System (Agri Bank), the Federal Deposit Insurance Corporation, or an insurance company, fund…

1656.0051 APPLICATION PROCESS AND OFFER OF PARTICIPATION. Subpart 1. Request for a value-added stock loan participation. A lender and an applicant must jointly complete and sign an application and prepare all supporting documents identified in the application. Financial statement…

1656.0061 RFA REVIEW, NOTICE, AND APPEAL. Subpart 1. RFA review. The RFA shall accept or reject an application within 30 business days after its receipt. If the documentation is not sufficient to make a determination, the RFA may request additional information to establish credit…

1656.0071 LOAN CLOSING, PURCHASE OF PARTICIPATION, AND LOAN MANAGEMENT. Subpart 1. Closing. Upon receiving notification of RFA acceptance, the lender shall close the stock loan. The lender must record needed security instruments relating to the loan. The lender must notify the RF…

1656.0081 PARTICIPATION REPURCHASE. A. A lender is under no obligation to repurchase any RFA participation interest in a stock loan except as provided in this part. B. A lender may, at its option and upon written approval by the RFA, repurchase an RFA participation interest at an…

1656.0090 REVIEW OF LOAN AND COLLATERAL. Subpart 1. Inspection. At any time during the term of a stock loan, the RFA or the state legislative auditor may inspect the books, records, documents, and accounting practices of the lender relative to the loan to determine compliance wit…

1656.0095 STOCK IN CERTAIN LIVESTOCK PROCESSING FACILITIES ELIGIBLE. To be eligible for a loan participation under this part, an applicant must meet the criteria of this chapter and Minnesota Statutes, section 41B.046, subdivision 4a. Statutory Authority: MS s 41B.046; 41B.07; 41…

1656.0100 STOCK IN FARM-GENERATED WIND ENERGY PRODUCTION FACILITIES ELIGIBLE. To be eligible for a loan participation under this part, an applicant must meet the criteria of this chapter and Minnesota Statutes, section 41B.046, subdivision 4b. Statutory Authority: MS s 41B.046; 4…

1720.0020 [Renumbered 1719.0200, subpart 1] Published Electronically: April 4, 2013

1720.0030 [Renumbered 1719.0400] Published Electronically: April 4, 2013

1720.0040 [Renumbered 1719.0500, subpart 1] Published Electronically: April 4, 2013

1720.0050 [Renumbered 1719.0700] Published Electronically: April 4, 2013

1720.0060 [Renumbered 1719.1000] Published Electronically: April 4, 2013

1720.0070 [Renumbered 1719.0300, subpart 1] Published Electronically: April 4, 2013

1720.0080 [Renumbered 1719.1200] Published Electronically: April 4, 2013

1720.0090 [Renumbered 1719.1300] Published Electronically: April 4, 2013

1720.0100 [Renumbered 1719.1400] Published Electronically: April 4, 2013

1720.0110 [Renumbered 1719.1500] Published Electronically: April 4, 2013

1720.0120 [Renumbered 1719.1700] Published Electronically: April 4, 2013

1720.0130 [Renumbered 1719.1800] Published Electronically: April 4, 2013

1720.0140 [Renumbered 1719.1900] Published Electronically: April 4, 2013

1720.0150 [Renumbered 1719.2000, subpart 1] Published Electronically: April 4, 2013

1720.0160 [Renumbered 1719.2200, subpart 1] Published Electronically: April 4, 2013

1720.0170 [Renumbered 1719.2000, subpart 2] Published Electronically: April 4, 2013

1720.0180 [Renumbered 1719.2400, subpart 1] Published Electronically: April 4, 2013

1720.0190 [Renumbered 1719.2100] Published Electronically: April 4, 2013

1720.0200 [Renumbered 1719.2200, subpart 2] Published Electronically: April 4, 2013

1720.0210 [Renumbered 1719.2300] Published Electronically: April 4, 2013

1720.0220 [Renumbered 1719.2400, subpart 2] Published Electronically: April 4, 2013

1720.0230 [Renumbered 1719.3100] Published Electronically: April 4, 2013

1720.0240 [Renumbered 1719.3250, subpart 1] Published Electronically: April 4, 2013

1720.0250 [Renumbered 1719.3250, subpart 2] Published Electronically: April 4, 2013

1720.0260 [Renumbered 1719.3250, subpart 3] Published Electronically: April 4, 2013

1720.0270 [Renumbered 1719.3250, subpart 4] Published Electronically: April 4, 2013

1720.0340 [Renumbered 1719.0200, subpart 2] Published Electronically: April 4, 2013

1720.0350 [Renumbered 1719.0500, subpart 2] Published Electronically: April 4, 2013