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USDA/RHS RIN: 0575-AD00 Publication ID: Fall 2014 
Title: ●Revision of Indemnification, Refinance, and Special Loan Servicing Sections 7 CFR 3555, and Adding a Section Defining "Qualified Mortgage." 
Abstract:

The Agency seeks to expand its lender indemnification authority for loss claims in the case of fraud, misrepresentation, or noncompliance with applicable loan origination requirements; amend special loan options to include principal reductions which lenders may utilize to mitigate losses while still maintaining the SFHGLP loan guarantee; amend refinance provisions to include a streamlined refinance option was tested in a successful pilot; and add a section clarifying that any loan guaranteed by the Agency is a "qualified mortgage" under the Dodd-Frank Wall Street Reform and Consumer Protection Act of (Pub. L. 111-203).

 
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: 5 USC 301    42 USC 1480    subpart E of 7 USC 1932(a)    PL 111-203   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Rule  03/00/2015 
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:
Joaquin Tremols
Director, SFH
Department of Agriculture
Rural Housing Service
1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 720-1465
Email: joaquin.tremols@wdc.usda.gov