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USDA/RHS RIN: 0575-AC99 Publication ID: Fall 2014 
Title: ●Reserve Account Dual Signature Requirement 
Abstract:

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.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: First time 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 USC 1480   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/13/2014  79 FR 47383   
NPRM Comment Period End  10/14/2014 
Final Rule  06/00/2015 
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