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.