7 CFR § 1710.154
Board of Director Resolutions
July 6, 2020
Specific actions that require a Board of Director Resolution from a borrower:
(a) Board approval of loan documents;
(b) Major change in the terms of a loan, i.e. maturity;
(c) Initial access to RD Apply (or successor RUS online application systems);
(d) Requests for approval by a Board, acting as the regulatory authority, for any departure from the RUS Uniform System of Accounts with the exception of those deferrals specifically identified in §1767.13(d); and
(e) eAuthentication requirements.
[84 FR 32610, July 9, 2019]