7 Pa. Code § 138d.2

Current through Register Vol. 54, No. 52, December 28, 2024
Section 138d.2 - Definitions

The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

Applicant-An individual, partnership, association or corporation applying for a loan under this chapter.

Department-The Department of Agriculture of the Commonwealth.

Farm operation-A Pennsylvania farm which produces farm products for profit.

Farm product-An agricultural, horticultural, vegetable, fruit or floricultural product of the soil, livestock or meats, wools, hides, poultry, eggs, dairy products, nuts, mushrooms or fish produced in an aquacultural project which is part of a farm operation.

Lender-A bank, savings bank, mutual savings bank, building and loan association, mortgage or finance company organized under the laws of the Commonwealth or the United States.

Loan Committee-See § 138d.11 (relating to Loan Committee).

Quorum-A majority of the Loan Committee.

Secretary-The Secretary of the Department.

7 Pa. Code § 138d.2