### Question
How is the "eligible financial institution" defined?


### Answer
The term **eligible financial institution** is defined in *7 U.S.C. § 1981* as follows -

> a financial institution with substantial experience in farm, ranch, or aquaculture lending that is regulated by the Comptroller of the Currency, the Farm Credit Administration, or a similar regulatory body

#### Citation:
  - *7 U.S.C. § 1981*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER IV-ADMINISTRATIVE PROVISIONS**

