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USDA/RUS | RIN: 0572-AC43 | Publication ID: Spring 2020 |
Title: OneRD Guaranteed Loan Regulation | |
Abstract:
Rural Development will combine into a single regulation, called OneRD, its four guaranteed loan programs: 1) Water and Waste Disposal, 2) Community Facilities, 3) Business and Industry, and 4) Rural Energy for America. The new regulation will encompass the policies and procedures for guaranteed loan making and servicing, lender reporting, and program monitoring. This action will enable Rural Development to simplify, improve, and enhance the delivery of these four guaranteed loan programs and better manage the risks inherent with making and servicing guaranteed loans, and will result in an improved customer experience for lenders trying to access these programs. This new structure will also make it more efficient and faster to promulgate regulations associated with amending existing programs or incorporating newly authorized programs in the future. Through this regulation, Rural Development will include statutory changes to implement sections 6103, 6402, 6418, 9001 and 9007 of the Agriculture Improvement Act of 2018 (2018 Farm Bill).
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Agency: Department of Agriculture(USDA) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Deregulatory | |
CFR Citation: 7 CFR 5001 | |
Legal Authority: 5 U.S.C. 301 7 U.S.C. 1926(a) 7 U.S.C. 1932(a) 7 U.S.C. 8107 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: Yes | |
RIN Data Printed in the FR: No | |
Related Agencies: Joint: USDA/RHS, USDA/RBS; | |
Agency Contact: Thomas P. Dickson Department of Agriculture 1400 Independence Avenue SW, Washington, DC 20250 Phone:202 690-4492 Email: thomas.dickson@wdc.usda.gov |