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USDA/RHS RIN: 0575-AD08 Publication ID: Fall 2017 
Title: ●Single Family Housing Guaranteed Rural Housing Programs - Delegated Approval Authority and Strengthening Management Oversight 
Abstract:

The Rural Housing Service delegation of this loan approval authority to preferred lenders, i.e., those whose loans have performed well and demonstrated strong underwriting capability, would benefit the program and all of its stakeholders.  Preferred lenders will be responsible for certifying that both the applicant and property meet all program requirements and are eligible for the guarantee.  This will speed up approval processing times, benefiting applicants, preferred lenders, and the Agency.

 
Agency: Department of Agriculture(USDA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: 7 CFR 3555.51    7 CFR 3555.55   
Legal Authority: 42 U.S.C. 1487 - Rural Housing Insurance Fund   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kate Jensen
Department of Agriculture
Rural Housing Service
1400 Independence Avenue SW,
Washington, DC 20250
Phone:503 894-2382
Email: kate.jensen@usda.gov