Title 12 — Banks and BankingRelease 119-73not60

§2256 Consent to the Availability of Reports and to Examinations

Title 12 › Chapter 23— FARM CREDIT SYSTEM › Subchapter V— FARM CREDIT ADMINISTRATION ORGANIZATION › Part B— Farm Credit Administration Organization › § 2256

Last updated Apr 3, 2026|Official source

Summary

Before getting discount privileges from a Farm Credit System bank, any organization except State banks, trust companies, and savings associations must give the bank written permission to be examined by farm credit examiners chosen by the Farm Credit Administration. State banks, trust companies, and savings associations may be required to give written permission letting their state exam reports be shared with the Farm Credit Administration if that agency asks for them.

Full Legal Text

Title 12, §2256

Banks and Banking — Source: USLM XML via OLRC

Any organization other than State banks, trust companies, and savings associations shall, as a condition precedent to securing discount privileges with a bank of the Farm Credit System, file with such bank its written consent to examination by farm credit examiners as may be directed by the Farm Credit Administration; and State banks, trust companies, and savings associations may be required in like manner to file a written consent that reports of their examination by constituted State authorities may be furnished by such authorities upon the request of the Farm Credit Administration.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 5.21 of Pub. L. 92–181 was renumbered section 5.20 and is classified to section 2255 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2256

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60