0575-AC99 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 0575 Rural Housing Service RHS 0500 Department of Agriculture USDA Reserve Account Dual Signature Requirement

Through this action, the Rural Housing Service (RHS) is proposing 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 intended effect of this action is to 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.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage No No 7 CFR 3560 42 USC 1480 No NPRM 08/13/2014 79 FR 47383 NPRM Comment Period End 10/14/2014 Final Rule 06/00/2015 No No Federal Local State Tribal No No No No Tammy Daniels Finance and Loan Analyst 0575 Rural Housing Service RHS 202 720-0021 tammy.daniels@wdc.usda.gov STOP 0781, 1400 Independence Avenue SW, Washington DC 20250