Regulatory Flexibility Act. The rule largely implements statutory requirements binding on all FHLBanks, nonmember mortgagee applicants, and certified nonmember mortgagees. The Finance Board is not at liberty to make adjustments in the requirements to accommodate small entities. The Finance Board has not imposed any additional regulatory requirements that will have a disproportionate impact on small entities. Thus, in accordance with the provisions of the Regulatory Flexibility Act, the Board of Directors of the Finance Board hereby certifies that this final rule will not have a significant economic impact on a substantial number of small entities. 5 U.S.C. 605(b).
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