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USDA/RHS | RIN: 0575-AC99 | Publication ID: Spring 2015 |
Title: Reserve Account Dual Signature Requirement | |
Abstract:
Through this action, the Rural Housing Service (RHS) proposes to amend its regulation at 7 CFR section 3560.306 to change the requirements of the Reserve Account for the section 515 Rural Rental Housing (RRH) program. The action would address reserve account requirements of requiring an Agency countersignature with the borrower when a section 538 guaranteed loan is involved and also clarifying that reserve account funds cannot be used to pay for fees associated with the section 538 guarantee loan program. |
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Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 7 CFR 3560 | |
Legal Authority: 42 U.S.C. 1480 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal, Local, State, Tribal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Tammy Daniels Finance and Loan Analyst Department of Agriculture Rural Housing Service STOP 0781, 1400 Independence Avenue SW, Washington, DC 20250 Phone:202 720-0021 Email: tammy.daniels@wdc.usda.gov |