Code of Federal Regulations Title 7. Agriculture § 7.772.2 Abbreviations and Definitions

(a) Abbreviations.

AMP Association–Type Minor Program loan;

CFR Code of Federal Regulations;

FO Farm Ownership Loan;

FSA Farm Service Agency;

IMP Individual–Type Minor Program loan;

OL Operating Loan;

USDA United States Department of Agriculture.

(b) Definitions.

Association–Type Minor Program loans (AMP):  Loans to Grazing Associations and Irrigation and Drainage Associations.

Entity:  Cooperative, corporation, partnership, joint operation, trust, or limited liability company.

Graduation:  The requirement contained in loan documents that borrowers pay their FSA loan in full with funds received from a commercial lending source as a result of improvement in their financial condition.

Individual-type Minor Program loans (IMP):  Non–Farm Enterprise or Recreation loans to individuals.

Member:  Any individual who has an ownership interest in the entity which has received the Minor Program loan.

Minor Program:  Non–Farm Enterprise, Individual Recreation, Grazing Association, or Irrigation and Drainage loan programs administered or to be administered by FSA

Review official:  An agency employee, contractor or designee who is authorized to conduct a compliance review of a Minor Program borrower under this part.