Guaranteed Loanmaking and Servicing Regulations

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Agriculture Rural Business-Cooperative Service Rural Utilities Service 7 CFR Parts 4279 [Docket No. RBS-20-BUSINESS- 0016] RIN 0570-AB07 AGENCY: Rural Business-Cooperative Service and Rural Utilities Service, USDA. ACTION: Interim final rule. SUMMARY: The Rural Business-Cooperative Service (RBCS), a Rural Development agency of the United States Department of Agriculture (USDA), is issuing an interim final rule to update the Business and Industry (B&I) Guaranteed Loan Program to allow flexibility to obligate federal funds for guaranteed loans pursuant to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in response to the national COVID-19 Public Health Emergency. The RBCS is responsible for administering the B&I Guaranteed Loan Program. DATES: Effective Date: May 22, 2020. Applicability date: This interim final rule applies to applications submitted under the B&I CARES Act Guaranteed Loan Program through June 22, 2020 or until funds made available for this purpose are expended. Comment Date: This rule is being issued to allow for immediate implementation of this program. Although this interim final rule is effective immediately, comments are solicited from interested members of the public on all aspects of the interim final rule. These comments must be submitted and received on or before June 22, 2020. The RBCS will consider these comments and the need for making any revisions as a result of these comments. ADDRESSES: Comments may be…