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e-CFR data is current as of July 14, 2020

Title 7Subtitle BChapter XVIIISubchapter HPart 1902Subpart A → §1902.8


Title 7: Agriculture
PART 1902—SUPERVISED BANK ACCOUNTS
Subpart A—Supervised Bank Accounts of Loan, Grant, and Other Funds


§1902.8   Authority to establish and administer supervised bank accounts.

Servicing Officials are authorized to establish supervised bank accounts, deposit loan checks and other funds, countersign checks, close accounts, and execute all forms in connection with supervised bank account transactions and redelegate this authority to a person under their supervision who is considered capable of exercising such authority. State Directors will make written demand upon the bank for withdrawals outlined in §1902.16.

[70 FR 59227, Oct. 12, 2005]

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