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USDA/RUS RIN: 0572-AC56 Publication ID: Fall 2021 
Title: Changes to 7 CFR 5001--OneRD Guarantee Loan Regulation  

The Rural Housing Service (RHS), the Rural Business-Cooperative Service (RBCS), and the Rural Utilities Service (RUS), agencies of the Rural Development mission area, hereinafter referred to as the Agency, published a final rule with comment on July 14, 2020 (85 FR 42494) that created a unified guaranteed loan platform for enhanced delivery of four existing guaranteed loan programs: Community Facilities (CF) administered by RHS; Water and Waste Disposal (WWD) administered by RUS; and Business and Industry (B&I) and Rural Energy for America (REAP) administered by the RBCS.  The final rule was effective on October 1, 2020, and Rural Development began operating under the new guarantee loan platform.

Collectively, Rural Development’s guaranteed loan programs work to assist in building and maintaining sustainable rural communities.  Through the public comment period  and monthly office hours with lenders and staff, the Agency has solicited feedback on the requirements and policies contained in the rule implemented on October 1, 2020.  The Agency has identified areas for revision or clarification and plan is to issue a second final rule with comment to make amendments to the regulation. The second OneRD final rule with comment incorporates revisions intended to simplify, clarify, improve, expand and enhance the delivery of the four guaranteed loan programs.  These provisions include, among others, clearly defining specific project eligibility criteria, revising the requirements for lenders to participate in the programs, and streamlining the documentation requirements for submission of guaranteed loan applications. 


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 
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
Action Date FR Cite
Final Rule With Comment  11/00/2021 
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 
Related RINs: Related to 0572-AC43 
Agency Contact:
Thomas P. Dickson
Department of Agriculture
1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 690-4492