Federal Register - June 30, 2021
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Fuente: Federal Register
Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Rules and Regulations
remainder of the crop year, that acreage will remain insured under the reported practice for which it qualified at the time the acreage was reported. Any loss due to failure to comply with organic standards will be considered an uninsured cause of loss.
d. In section 17 of the Common Crop Insurance Policy, revise paragraph f1iv;
e. In section 34 of the Common Crop Insurance Policy, add paragraph a4ix; and f. In section 37 of the Common Crop Insurance Policy, revise paragraphs c and e.
The additions and revisions read as follows:
or available to apply, or that acreage was part of a crop rotation.
457.8
37. Organic Farming Practices
FR Doc. 202113939 Filed 62921; 8:45 am
BILLING CODE 341008P
The application and policy.
Common Crop Insurance Policy
1. Definitions
Veteran farmer or rancher. 1 An individual who has served active duty in the United States Army, Navy, Marine Corps, Air Force, or Coast Guard, including the reserve components; was discharged or released under conditions other than dishonorable; and:
i Has not operated a farm or ranch;
ii Has operated a farm or ranch for not more than 5 years; or iii First obtained status as a veteran during the most recent 5-year period.
2 A person, other than an individual, may be eligible for veteran farmer or rancher benefits if all substantial beneficial interest holders qualify individually as a veteran farmer or rancher in accordance with paragraph 1 of this definition; except in cases in which there is only a married couple, then a veteran and non-veteran spouse are considered a veteran farmer or rancher.
14. Duties in the Event of Damage, Loss, Abandonment, Destruction, or Alternative Use of Crop or Acreage
b
6 You must give us notice in accordance with section 36a3 to replace post-quality actual yields for previous crop years.
17. Prevented Planting
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iv The acreage that was prevented from being planted constitutes at least 20 acres or 20 percent of the total insurable acreage in the field and you provide proof that you intended to plant another crop, crop type, or follow both practices on the acreage including, but not limited to inputs purchased, applied
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34. Units a
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ix You may elect enterprise units as allowed by the Crop Provisions if provided in the actuarial documents.
c You must provide the following organic records, as applicable:
1 By the acreage reporting date, except as allowed by section 37c2, you must have:
i For certified organic acreage, a written certification in effect from a certifying agent indicating the name of the entity certified, effective date of certification, certificate number, types of commodities certified, and name and address of the certifying agent A
certificate issued to a tenant may be used to qualify a landlord or other similar arrangement.
ii For transitional acreage, a certificate as described in section 37c1i, or written documentation from a certifying agent indicating an organic plan is in effect for the acreage.
iii For certified organic and transitional acreage, records from the certifying agent showing the specific location of each field of certified organic, transitional, buffer zone, and acreage not maintained under organic management.
2 If you do not meet the requirements in section 37c1i or ii, you must provide documentation that you have requested, in writing, your written certification or organic plan by the acreage reporting date.
i Your certificate or plan must be in effect prior to the earlier of the end of the insurance period or when coverage ends as provided in section 11b.
ii Your acreage will remain insured under the practice you reported on the acreage reporting date unless you have a loss. If you have a loss and do not have a certificate or plan in place at the time the claim is finalized in accordance with the applicable policy provisions, then your acreage will be insured under the practice for which it qualifies.
e If any acreage qualifies as certified organic or transitional acreage on the date you report such acreage, and such certification is subsequently revoked or suspended by the certifying agent, or the certifying agent does not consider the acreage as transitional acreage for the
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Richard H. Flournoy, Acting Manager, Federal Crop Insurance Corporation.
NATIONAL CREDIT UNION
ADMINISTRATION
12 CFR Part 741
NCUA 20200114
RIN 3133AF30
Capitalization of Interest in Connection With Loan Workouts and Modifications National Credit Union Administration NCUA.
ACTION: Final rule.
AGENCY:
The NCUA Board Board is amending its regulations to remove the prohibition on the capitalization of interest in connection with loan workouts and modifications. The final rule also establishes documentation requirements to help ensure that the addition of unpaid interest to the principal balance of a mortgage loan does not hinder the borrowers ability to become current on the loan. The Board has also taken the opportunity afforded by the rulemaking to make several technical changes to the regulations to improve their clarity and update certain references. The final rule follows publication of the December 4, 2020, proposed rule and takes into consideration the public comments on the proposed rule. After careful consideration, the Board has decided to adopt the proposed rule without change.
DATES: Effective July 30, 2021.
FOR FURTHER INFORMATION CONTACT:
Policy: Alison L. Clark, Chief Accountant, and Timothy C. Segerson, Deputy Director, Office of Examinations and Insurance, at 703 5186360; Legal:
Ariel Pereira and Gira Bose, Senior Staff Attorneys, Office of General Counsel, at 703 5186540.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background: The Boards December 4, 2020, Proposed Rule II. Legal Authority III. Discussion of Public Comments Received on the December 4, 2020, Proposed Rule IV. This Final Rule
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