Subject to the requirements of subpart H of this part 614:

1. (a) Any Farm Credit System bank or direct lender association may buy from, and sell to, the Federal Agricultural Mortgage Corporation, participation interests in “qualified loans.”
2. (b) The Federal Agricultural Mortgage Corporation may buy from, and sell to, any Farm Credit System bank or direct lender association, or lender that is not a Farm Credit System institution, participation interests in “qualified loans.”
3. (c) For purposes of this section, “qualified loans” means qualified loans as defined in section 8.0(9) of the Act.

[67 FR 1285, Jan. 10, 2002]