NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
For the period ended Nov 30, 2024. Filed Jan 13, 2025.
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Nov 30, 2024 · Filed Jan 13, 2025
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Item 1. Legal Proceedings
From time to time, CFC is subject to certain legal proceedings and claims in the ordinary course of business, including litigation with borrowers related to enforcement or collection actions. Management presently believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, liquidity or results of operations. CFC establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Accordingly, no reserve has been recorded with respect to any legal proceedings at this time.
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