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USDA/FSA

RIN: 0560-AH41

Publication ID: Fall 2008

Title: Guaranteed Farm Loan Fees
Abstract: FSA currently charges a fee of 1 percent of the guaranteed amount on all guaranteed Farm Ownership (FO) loans and guaranteed Operating Loans (OL) except (1) where the majority of the FO loan funds are used to refinance an FSA direct loan, (2) on FO loans to applicants involved in the direct beginning farmer down payment program, (3) FO loans made under certain State beginning farmer programs, or (4) OL loans where the borrower receives an interest assistance subsidy. Fees collected offset approximately 65 percent of the subsidy cost of the guaranteed FO program and 23 percent of the subsidy cost of the unsubsidized guaranteed OL program. The proposal will increase the fee to offset 100 percent of the subsidy cost for FO loans and a majority of the subsidy cost for OL loans.
Agency: Department of Agriculture(USDA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 7 CFR 762
Legal Authority: 7 USC 1981 et seq

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	05/15/2006	71 FR 27978
NPRM Comment Period End	07/14/2006
Correction	07/27/2006	71 FR 42605
NPRM Comment Period Extended	08/04/2006
Withdrawn	08/06/2008

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch Department of Agriculture Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Email: deirdre.holder@usda.gov