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USDA/RHS RIN: 0575-AB99 Publication ID: Spring 1996 
Title: Escrow of Taxes and Insurance and Changing Agency Processes and Techniques To Conform With the Private Sector 
Abstract: Rural Housing Service (RHS) has purchased a state-of-the-art dedicated loan origination servicing system (DLOSS) which includes escrow capability. To conform to this new system, RHS proposes to make further amendments to the regulations to allow the agency to provide escrow services to Single Family Housing borrowers which follow industry standards. In addition, the agency proposes to amends it regulations to conform to processes and techniques currently being utilized by the private sector. 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
CFR Citation: 7 CFR 1806    7 CFR 1900    7 CFR 1944    7 CFR 1951    7 CFR 1955    7 CFR 1956    7 CFR 1965   
Legal Authority: 5 USC 301    7 USC 1989    42 USC 1480    31 USC 3700   
Timetable:
Action Date FR Cite
NPRM  04/08/1996    
NPRM Comment Period End  06/07/1996    
Final Action  09/00/1996    
Final Action Effective  10/00/1996    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Included in the Regulatory Plan: No 
Agency Contact:
Jean Leavitt
Senior Loan Specialist, Single Family Housing
Department of Agriculture
Rural Housing Service
Room 5313, South Building, 1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 720-1462