# Disbursement of Funds
> **Rural Housing Service** · Final rule. · Published 2005-10-12 · 70 FR 59224
## Document
- **Document number:** 05-20357
- **Category:** other
- **Sub-agency:** Rural Housing Service
- **Federal Register citation:** 70 FR 59224
- **CFR reference:** 7 CFR 1902
- **Publication date:** 2005-10-12
## Abstract

The Agencies are revising their disbursement of funds regulations. This action is necessary since existing regulations do not accurately reflect the current disbursement methodologies employed by the Agencies. The intended effect is to simplify and update the regulations; to eliminate reference to the obsolete Loan Disbursement System; clarify Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insurance coverage; and eliminate reference to the now defunct Federal Savings and Loan Insurance Corporation (FSLIC). These amended regulations are to ensure the Agencies' field offices have current guidance on the disbursement methods available and supervised bank accounts.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/10/12/05-20357/disbursement-of-funds)
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