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USDA/RHS RIN: 0575-AD09 Publication ID: Fall 2019 
Title: Single-Family Housing Guaranteed Rural Housing Programs--Loss Claim Procedures and Loss Mitigation Updates 
Abstract:

The final 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.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final 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
Timetable:
Action Date FR Cite
NPRM  08/23/2018  83 FR 42618   
NPRM Comment Period End  10/22/2018 
Final Rule  11/00/2019 
Final Rule Effective  01/00/2020 
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