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USDA/RHS | RIN: 0575-AC87 | Publication ID: Spring 2011 |
Title: ●Servicing Community Programs Loans and Grants | |
Abstract: The Agency will consolidate the applicable portions of the seven regulations used to service Community Facilities direct loans and grants into one, streamlined regulation. The consolidation will improve the Agency's ability to service its portfolio and will ensure that the Government's investment is protected and maximized. The proposed action will have no financial impact on the public or the Agency and will be in the best interest of the Government and the public. The consolidation and update will provide an improved basis for servicing Community Facilities direct loans by providing servicing options that will enable facilities to recover from delinquent situations and continue operating and providing essential services to the public. The Agency also expects this action to reduce the use of program loan cost expense funds to maintain inventory properties. Streamlining seven regulations into one regulation will provide a user-friendly document that will reduce the time burden on Agency staff as well as provide an easy-to-understand reference for the public. | |
Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 7 CFR 1951 7 CFR 1955 7 CFR 1956 | |
Legal Authority: 5 USC 301 7 USC 1989 42 USC 1480 |
Legal Deadline:
None |
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Timetable:
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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: Beth Jones Loan Specialist, Community Programs Division Department of Agriculture Rural Housing Service Room 0183/Stop 0787, STOP 0787, 1400 Independence Avenue SW, Washington, DC 20250-0787 Phone:202 720-1498 Fax:202 690-0471 Email: beth.jones@wdc.usda.gov |