12 CFR 653.1 – Definitions
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The following definitions apply to this part:
Terms Used In 12 CFR 653.1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Oversight: Committee review of the activities of a Federal agency or program.
Corporation means the Federal Agricultural Mortgage Corporation and its affiliates.
FCA means the Farm Credit Administration, an independent Federal agency of the executive branch.
OSMO means the FCA Office of Secondary Market Oversight, which is responsible for the general supervision of the safe and sound exercise of the Corporation’s powers, functions, and duties and compliance with laws and regulations.