; and (2) shall not require, in prescribing regulations to implement this section, that any Farm Credit System institution contradict the wishes of a customer who does not wish to voluntarily report race, sex, or ethnicity by requiring the Farm Credit System institution to report the race, sex, or ethnicity of the customer based on visual observation, surname, or any other method. (e) Protection of personally identifiable information In reporting the information collected under this section, the Farm Credit Administration shall not include any information that would reveal the identity of any loan applicant or borrower. (f) Effective date This section shall apply only to applications received and loans made 1 year or more after the date of the enactment of this section. . (b) Conforming amendment Section 704B(h)(1) of the Equal Credit Opportunity Act ( 15 U.S.C. 1691c–2(h)(1) ) is amended by inserting , other than any entity that is supervised by the Farm Credit Administration before the period at the end. (c) Compliance (1) Effective date A Farm Credit System institution shall not be required to comply with any regulation promulgated pursuant to this section until January 1, 2026. (2) Cessation If a financial institution subject to subpart B of part 1002 of title 12, Code of Federal Regulations, is not required to comply with the rule, whether because a court invalidates the rule or the rule is otherwise repealed, the Farm Credit System institutions shall not be required to comply with any regulation promulgated pursuant to this section or an amendment made by this section. 5504. Loan guarantees Section 8.0(7)(B) of the Farm Credit Act of 1971 ( 12 U.S.C. 2279aa(7)(B) ) is amended by inserting or section 9007(c)(1) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8107(c)(1) ) before the 1st comma. 5505. Standards for qualified loans Section 8.8 of the Farm Credit Act of 1971 ( 12 U.S.C. 2279aa–8 ) is amended— (1) in subsection (a)(3), by striking mortgage investors and inserting investors in