Appendix A to Subpart A of Part 365—Interagency Guidelines for
Real Estate Lending Policies Definitions
For the purposes of these Guidelines:
Improved property loan means an extension of credit secured by one of the following types of real property:
(1) Farmland, ranchland or timberland committed to ongoing management and agricultural production;
Does farmland, ranchland or timberland have to be committed to both a) ongoing management AND b) agricultural production OR does ongoing management pertain just to timberland?
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Lela Purvis, CRCM/CCBCO/CBAP
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