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USDA/RHS | RIN: 0575-AD08 | Publication ID: Spring 2022 |
Title: Single Family Housing Guaranteed Rural Housing Programs--Delegated Approval Authority and Strengthening Management Oversight | |
Abstract:
The Rural Housing Service intends to publish a proposed rule to amend 7 CFR 3555 to delegate loan approval authority to delegated lenders, (i.e., those whose loans have performed well and demonstrated strong underwriting capability, to benefit the program and its stakeholders). Delegated lenders would be responsible for certifying that both the applicant and property meet all program eligibility and underwriting requirements and thus are eligible for the guarantee without the prior review by agency staff which takes place today. The changes are expected to speed up approval processing times, which benefit applicants, delegated lenders, and the Agency. |
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Agency: Department of Agriculture(USDA) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 7 CFR 3555.51 7 CFR 3555.55 | |
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: Sara Thieleke Deputy Director, SFH Department of Agriculture Rural Housing Service 1400 Independence Avenue SW, Washington, DC 20250 Phone:715 345-7664 Email: sara.thieleke@usda.gov Joaquin Tremols Director, SFH Department of Agriculture Rural Housing Service 1400 Independence Avenue SW, Washington, DC 20250 Phone:202 720-1465 Email: joaquin.tremols@wdc.usda.gov Ticia Weare Finance and Loan Analyst, SFH Department of Agriculture Rural Housing Service 1400 Independence Avenue SW, Washington, DC 20250 Phone:702 407-1400 Email: ticia.weare@usda.gov |