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USDA/RHS

RIN: 0575-AD00

Publication ID: Spring 2016

Title: Revision of Indemnification, Refinance 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 refinance provisions to include a streamlined refinance option that 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: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 7 CFR 3555
Legal Authority: 5 U.S.C. 301 42 U.S.C. 1480 subpart E of 7 U.S.C. 1932(a) Pub. L. 111-203

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/05/2015	80 FR 11950
NPRM Comment Period End	05/04/2015
Final Rule	03/29/2016	81 FR 17361
Final Rule Effective	04/28/2016
Notice-Withdraws Final Rule Published on March 29, 2016	03/31/2016	81 FR 18456
Final Rule	05/03/2016	81 FR 26461
Final Rule Effective	06/02/2016

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