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USDA/RHS RIN: 0575-AD04 Publication ID: Fall 2015 
Title: ●Amendment To Liquidation Value Appraisals 
Abstract:

RHS published an Interim final rule on December 9, 2013, which became effective on December 1, 2014. The agency plans to propose a rule amending the liquidation value section of the rule, and providing a 60-day public comment period. The proposed change is to permit lenders to furnish liquidation value appraisals instead of the Agency obtaining one. The change will save lenders at least 41 days in receiving payment for their loss claim submissions, and will save the agency staff time.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 3555   
Legal Authority: The Housing Act of 1949, as amended. [Pub. L. 171, 81st Cong., 63 Stat. 432    42 U.S.C. 1471 et. seq.]   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Rule  10/06/2015  80 FR 60298   
Proposed Rule Comment Period End  12/07/2015 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lilian Lipton
Loan Specialist
Department of Agriculture
Rural Housing Service
1400 Independence Avenue SW., STOP 0784,
Washington, DC 20250
Phone:202 260-8012
Fax:202 205-2476
Email: lilian.lipton@wdc.usda.gov