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USDA/RHS RIN: 0575-AB99 Publication ID: Fall 1996 
Title: Reengineering and Reinvention of the Direct Section 502 and 504 Single Family Housing Program 
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 amend its regulations to conform to processes and techniques currently 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: Final Rule Stage 
Major: No  Unfunded Mandates: No 
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  61 FR 15395   
NPRM Comment Period End  06/07/1996    
Final Action  11/00/1996    
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