Board of Director Resolutions.

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]