Base
RuleSignificant2020-139912020-07-14

OneRD Guaranteed Loan Regulation

Agriculture Department, Rural Utilities Service, Rural Housing Service, Rural Business-Cooperative Service

Abstract

The Rural Business-Cooperative Service, Rural Housing Service, and the Rural Utilities Service, agencies of the Rural Development mission area within the U.S. Department of Agriculture (USDA), hereinafter collectively referred to as the Agency, are proposing a unified guaranteed loan platform for enhanced delivery of four of its existing guaranteed loan programs: Community Facilities (CF) administered by the Rural Housing Service; Water and Waste Disposal (WWD) administered by the Rural Utilities Service; and, Business and Industry (B&I) and Rural Energy for America (REAP) administered by the Rural Business-Cooperative Service. Collectively, these four Rural Development's guaranteed loan programs work to assist in building and maintaining sustainable rural communities. This rule incorporates new and revised provisions intended to simplify, 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.

Action & Dates

Action
Final rule; request for comments.
Dates
Effective date: This final rule is effective October 1, 2020.
Effective Date
2020-10-01

CFR References

Topics

Business and industryLoan programsLoan programs-agricultureLoan programs-businessRenewable energyReporting and recordkeeping requirementsRural areasWaste treatment and disposalWater supply

Document Excerpt

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 Utilities Service Rural Housing Service Rural Business-Cooperative Service 7 CFR Parts 1779, 3575, 4279, 4287, and 5001 [Docket No. RUS-19-Agency-0030] RIN 0572-AC43 AGENCY: Rural Business-Cooperative Service, Rural Housing Service, Rural Utilities Service, USDA. ACTION: Final rule; request for comments. SUMMARY: The Rural Business-Cooperative Service, Rural Housing Service, and the Rural Utilities Service, agencies of the Rural Development mission area within the U.S. Department of Agriculture (USDA), hereinafter collectively referred to as the Agency, are proposing a unified guaranteed loan platform for enhanced delivery of four of its existing guaranteed loan programs: Community Facilities (CF) administered by the Rural Housing Service; Water and Waste Disposal (WWD) administered by the Rural Utilities Service; and, Business and Industry (B&I) and Rural Energy for America (REAP) administered by the Rural Business-Cooperative Service. Collectively, these four Rural Development's guaranteed loan programs work to assist in building and maintaining sustainable rural communities. This rule incorporates new and revised provisions intended to simplify, 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

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Related Documents

Other Federal Register documents from the same docket.

Full Document

Citation: 85 FR 42494