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USDA/FSA

RIN: 0560-AH56

Publication ID: Fall 2011

Title: Appraisal Requirements for Farm Ownership Loans
Abstract: This RIN has been merged into new RIN 0560-AI14. This proposed amendment will provide that, for a loan that is not a Farm Ownership Loan, evaluation of the rights to any associated oil, gas, and minerals will not be required for the appraisal to be considered adequate. Conversely, any and all oil, gas, and mineral rights attached to any real estate property being offered as security for a Farm Ownership Loan will be required to be evaluated in any real estate appraisal obtained by FSA in connection with the loan decision. Failure to include oil, gas, and minerals in the appraisal for a loan that is not a Farm Ownership Loan will in no way impair the Agency's ability to obtain our rights associated with a mortgage, deed of trust, or other security interest in such oil, gas, and minerals.
Agency: Department of Agriculture(USDA)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 7 CFR 1941 7 CFR 1943 7 CFR 761
Legal Authority: 7 USC 1989

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Merged With RIN 0560-AI14	08/05/2011

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