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USDA/RHS RIN: 0575-AC79 Publication ID: Fall 2009 
Title: Direct Single Family Loans and Grants--Repayment Ability 
Abstract: The Agency proposes to revise 7 CFR part 3550 by removing the requirement that a budget be completed as a determination of repayment ability. However, this change will not remove the requirement that applicants show repayment ability for a loan, but by removing the requirement that a budget be used, it will give the Agency greater flexibility such as the ability to utilize repayment ratios. 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 3550   
Legal Authority: 5 USC 301    42 USC 1480   
Legal Deadline:  None
Action Date FR Cite
NPRM  01/00/2010    
NPRM Comment Period End  03/00/2010    
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:
Carolyn Bell
Single-Family Housing Direct Loan Division
Department of Agriculture
Rural Housing Service
Stop 0783, STOP 0783, 1400 Independence Avenue SW,
Washington, DC 20250-0783
Phone:202 720-1532
Fax:202 720-2232

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