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FEDERAL

REGISTER
1934

VOLUME 9

NUMBER 224

Washington, Thursday, November 9, 1944
Regulations TITLE 6AGRICULTURAL CREDIT
Chapter IFarm Credit Administration P art 19P ees and Charges on L and B ank and C ommissioner L oans APPLICATION AND CLOSED LOAN FEES

Part 19 of Chapter I, Title 6, Code of Federal Regulations is hereby amended by revoking 19.329 and 19.329-50, by adding 19.325, and by amending 19.320, 19.324 and 19.330 to read as follows:
19.320 Applications; association fees.
Associations may collect an association application fee of not more than $5.00
in connection with each application;
Provided, however, That the amount of any such fee shall not exceed 1 percent of the amount of the loan applied for.
If the property offered as security is subject to any outstanding mortgage loan or loans held by the bank, the Cor poration, or both, regardless of the amount stated in the application, the application fee shall be based on an amount applied for which includes the unmatured principal, as of the date of the application, of such outstanding mortgage loan or loans. The applica tion fee may be collected at the time the application is filed. It may be re tained by the association regardless of whether the loan is rejected or closed as a new, additional, or refunding bank loan, Commissioner loan, or joint bank and Commissioner loan; Provided, how ever, That if no association appraisal is made after a fee provided for in this paragraph has been collected, the amount of such fee shall be refunded.
19.324 Closed loans; association fees. Except as provided in 19.325, when a bank loan is closed, associa tions may collect a closed loan fee in an amount which, when added to the association application fee already col lected, will equal but not exceed 1 per cent of the amount of the bank loan closed.

19.325 Additional and refunding loans; association fees. Where, upon the basis of an application in which there is offered as security property which is mortgaged, in whole or in part, to a bank, the Corporation, or both, a bank loan is closed through an asso ciation which endorsed the outstand ing bank loan, the association may, whether the transaction is completed by way of a supplemental loan or a re writing of the outstanding loan, collect a closed loan fee which, when added to the association application fee already collected, will not exceed 1 percent of the amount which represents other than unmatured principal of the outstanding bank loan as of the date of the applica tion. Where, upon the basis of such an application, a bank loan is closed through a different association than that which endorsed the outstanding bank loan, or through any association if only a loan held by the Corporation was outstand ing, the association may collect a closed loan fee which, when added to the as sociation application fee already col lected, will not exceed 1 percent of the amount for which it endorses the bank loan or bank purchase money mortgage.
19.330 Additional and refunding loans; hank fees. In connection with ap plications for additional or refunding loans, whether or not additional security is offered, the bank may require that a fee of not more than $10.00 be sub mitted with the application, and if a loan is closed, the bank may deduct from the proceeds an additional fee amounting to $1.00 for each $1,000.00, or fraction there of, by which the amount of new money loaned exceeds $5,000.00.
Sec. 13 Ninth, 17 d, 39 Stat. 372, 375, secs. 26, 32, 48 Stat. 44, 48, as amended;
12 U.S.C. 781 Ninth, 831 d, 723 e, 1016 e Sections 19.329 and 19.329-50 are here by revoked.
seal
W. E. R hea, Land Bank Commissioner.
F. R. Doc. 44-17131; Filed, Nov. 8, 1944;
11:15 a. m.J

CONTENTS
REGULATIONS AND NOTICES
Alien P roperty C ustodian :

Pag
Latino, Rose, et al., hearing___ 13303
Licensing transactions involving patents and trademarks, general orders 2 docu ments_______________ 13282
B ureau of E ntomology and P lant Q uarantine :

Domestic quarantine notices;
pink bollworm, restrictions on cotton from infested.
areas 2 documents. 13276,13279
F arm C redit A dministration :

Fees and charges on Land Bank and Commissioner loans;
applications, association fees________________ __ 13275
I nterstate Commerce Commission :

Cotton, Big Springs, Tex., for warding_____________ , 13300
Permit agents, appointment___ 13301
Reconsignment permits:
Cabbage, Fort Wayne, Ind__ 13301.
Grapefruit, Chicago, 111_____ 13302
Lettuce, Chicago, 111. 2 doc uments________ 13302, 13303
Onions:
Kansas City, Mo____t____ 13302
St: Louis, Mo_________ 13303
Potatoes:
Chicago,111. 3documents- 13301, 13302,13303
Grand Forks, N. Dak____ 13301
Sprouts, Chicago, HI_______ 13302
M aritime C ommission :

Terminated war contracts, set tlement of claims; miscel laneous amendments_____ 13300
O ffice of D efense T ransportation :

Motor equipment, conservation;
suspension of racing re strictions_______________ 13301
O ffice
of
P rice Administration:

Adjustments:
American Hydraulics, Inc Auto-Bye Co. Corr. ___
Barilar & Mottey, et al-------Big Three Mine__________
David Woodcraft Co______
Diamond Expansion Bolt Co_
Ferris Coal Co., et al_______
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