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USDA/RHS | RIN: 0575-AD09 | Publication ID: Spring 2018 |
Title: Single-Family Housing Guaranteed Rural Housing Programs--Loss Claim Procedures and Loss Mitigation Updates | |
Abstract:
The proposed rule would continue the Agency's efforts to improve and enhance the risk management of the single family housing guaranteed loan program. By eliminating the property marketing period prior to claim settlement, transactional data is reduced thereby reducing the likelihood of improper payments. The amendment to the existing rule would give lenders the authority to assist the Agency in making the process more efficient and thus increasing the taxpayer savings by allowing the Customer Service Center to concentrate on other stages of the liquidation process. |
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Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Not subject to, not significant | |
CFR Citation: 7 CFR 3555.10 7 CFR 3555.306 7 CFR 3555.352 7 CFR 3555.353 7 CFR 3555.354 7 CFR 3555.303 7 CFR 3555.304 | |
Legal Authority: 42 U.S.C. 1487, Rural Housing Insurance Fund |
Legal Deadline:
None |
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Timetable:
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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 |