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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. 

 
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
Timetable:
Action Date FR Cite
Proposed Rule  06/00/2022 
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
Department of Agriculture
Rural Housing Service
1400 Independence Avenue SW,
Washington, DC 20250
Phone:715 345-7664
Email: sara.thieleke@usda.gov

Joaquin Tremols
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
Department of Agriculture
Rural Housing Service
1400 Independence Avenue SW,
Washington, DC 20250
Phone:702 407-1400
Email: ticia.weare@usda.gov