La. Admin. Code tit. 7 § V-1501
Applicant-a natural person applying for a farm youth loan or for a farm youth loan guarantee who is a resident of Louisiana and between 10 and 20 years of age.
Borrower-anyone who is granted a farm youth loan.
Commission-the State Market Commission.
Commissioner-the Commissioner of Agriculture.
Compromise Agreement-any agreement between the borrower and the commission or lender, in the case of a guaranteed loan, to satisfy the loan obligation incurred by the borrower.
Department-the Department of Agriculture.
Farm Youth Loan-a loan which shall be used for the purpose of raising, growing, and selling of livestock, poultry, eggs, or agronomic, horticultural, silvacultural, or aquacultural crops.
Farm Youth Loan Guarantee-an agreement that, in the event of default, the state shall pay the lender 75 percent of the principal and interest due and payable under a farm youth loan secured by a chattel mortgage, crop lien or other security.
Lender-any bank, financial institution or federal agency making loans to any borrower who is eligible for a farm youth loan guarantee.
Supervisor-any vocational agriculture teacher, home economics teacher, county agent, home demonstration agent or any other person who has responsibility for direct supervision of the project for which the loan funds are used.
La. Admin. Code tit. 7, § V-1501