Servicing of Delinquent Community and Business Programs Loans-Workout Agreements
rural-development · Rural Housing Service · Rule · Published 2004-12-08 · Effective 2005-01-07 · 69 FR 70883
Document
Document number
04-26872
Federal Register citation
69 FR 70883
CFR reference
7 CFR 1951
Type
Rule
Action
Final rule.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2004-12-08
Effective date
2005-01-07
Abstract
The Rural Housing Service (RHS) hereby amends the regulation utilized to service the Community Facilities and Business Programs loan program by adding requirements for servicing delinquent Community Facilities in conformance with the Debt Collection Improvement Act of 1996. The intended effect of this action is to establish a workout agreement with delinquent borrowers to collect delinquent loans prior to referral for treasury offset.