Rural Development Guarantee Loan Servicing Flexibilities To Address Coronavirus 2019 Impacts, 19655-19656 [2020-07487]

Download as PDF Federal Register / Vol. 85, No. 68 / Wednesday, April 8, 2020 / Rules and Regulations Form 1 and contain the following information: * * * * * (3) The total weight and type of inshell pecans received during the reporting period; (4) The total weight and type of inshell pecans received year to date; * * * * * (6) The weight of all shipments of pecans, inshell and shelled, and interhandler transfers shipped and received during the reporting period; (7) The weight of all shipments of pecans, inshell and shelled, and interhandler transfers shipped and received in the previous month and year to date; (8) Total inventory held by handler; (9) All the inventory committed (pecans not shipped, but sold or otherwise obligated) whether for domestic sale or export; and, (10) The weight of all shelled or inshell pecans under contract for purchase from other handlers. (b) Pecans purchased outside the United States and inshell pecans exported to Mexico for shelling and returned to the United States as shelled meats. Handlers shall submit to the Council, by the tenth day of the month following the month of activity, a summary report of shelled and inshell pecans imported during the preceding month. Should the tenth day of the month fall on a weekend or holiday, reports are due by the first business day following the tenth day of the month. The report shall be submitted to the Council on APC Form 2 and contain the following information: * * * * * (6) The weight of inshell pecans exported to Mexico for shelling; (7) The date shelled pecans returned to the United States after shelling in Mexico; (8) The weight of shelled pecans returned to the United States after shelling in Mexico; and (9) The total weight of inshell pecans exported to Mexico for shelling, and shelled pecans returned from Mexico, year to date. ■ 5. Amend § 986.178 by revising paragraph (a) to read as follows: lotter on DSKBCFDHB2PROD with RULES § 986.178 Other reports. (a) Exports by country of destination. Handlers shall submit to the Council, by the tenth day of the month following the month of shipment, a report of exports. Should the tenth day of the month fall on a weekend or holiday, reports are due by the first business day following the tenth day of the month. The report shall be reported to the Council on APC Form 3 and contain the following information: VerDate Sep<11>2014 19:34 Apr 07, 2020 Jkt 250001 (1) The name and address of the handler; (2) The month covered by the report; (3) The total weight of pecans shipped for export, whether inshell, shelled, or substandard during the reporting period; (4) The total weight of pecans shipped for export, whether inshell, shelled, or substandard during the previous period and year to date; and, (5) The destination(s) of such exports. * * * * * Bruce Summers, Administrator, Agricultural Marketing Service. [FR Doc. 2020–06619 Filed 4–7–20; 8:45 am] BILLING CODE P DEPARTMENT OF AGRICULTURE Rural Utilities Service 7 CFR Part 1779 Rural Housing Service 7 CFR Part 3575 Rural Business-Cooperative Service 7 CFR Part 4287 Rural Development Guarantee Loan Servicing Flexibilities To Address Coronavirus 2019 Impacts Rural Business-Cooperative Service, Rural Housing Service, and Rural Utilities Service, USDA. ACTION: Notification. AGENCY: The Rural-Business Cooperative Service (RBCS), Rural Housing Service (RHS), and Rural Utilities Service (RUS) agencies of the Rural Development mission area, hereinafter referred to as Agency, issued a notification in the Federal Register on March 31, 2020, that allows lenders with guaranteed loans with the Agency to unilaterally offer payment deferrals for the period specified in the notice to their customers who may be experiencing temporary cash flow issues due to the Coronavirus (COVID–19) pandemic. This notification supplements the prior notification and includes additional servicing flexibilities regarding Agency guaranteed loan requirements as they relate to the new loans that are covered by Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. DATES: The policies included in this notification are effective as of March 31, SUMMARY: PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 19655 2020, and the temporary authorization expires on September 30, 2020. FOR FURTHER INFORMATION CONTACT: • Guarantee Lenders may contact the following Rural Development points of contact: RBCS, Aaron Morris, Director, Program Processing Division, 202–720– 1501, Aaron.Morris@usda.gov; for RHS, Deborah Jackson, Director, Guaranteed Loan Processing and Servicing Division, 202–720–8454, Deborah.Jackson2@ usda.gov; for RUS, Darrel Lipscomb, Water and Environmental Programs, 202–617–0857, Darrel.Lipscomb@ usda.gov. • Borrowers with a loan guaranteed by Rural Development must contact their servicing Guarantee Lender for further information. SUPPLEMENTARY INFORMATION: Through this notification Rural Development expands servicing flexibilities on four guaranteed loan programs to enable lenders to better assist rural business, water, and community facility borrowers in responding to the economic impacts of the COVID–19 pandemic. Lender Deferrals on Loan With USDA Guarantees On March 31, 2020, the Agency announced in the Federal Register at 85 FR 17721 that beginning March 31, 2020, and through September 30, 2020, the USDA Business and Industry (B&I) Guaranteed Loan Program, Rural Energy for America Program (REAP), Community Facilities Guaranteed Loan Program, and Water and Waste Guaranteed Program lenders may assist borrowers experiencing temporary cash flow issues resulting from the COVID– 19 pandemic, by deferring payments for a period no longer than 180 days from the date the original payment is due. In accordance with 7 CFR 4287.107 (RBCS),7 CFR 3575.69 (RHS), and 7 CFR 1779.69 (RUS), the lender is responsible for servicing the entire loan and for taking all servicing actions that a reasonably prudent lender would perform in servicing its own portfolio of loans that are not guaranteed. The lender must notify the Agency in writing of any payment deferments. Written notification to the Agency will meet the standard for concurrence until September 30, 2020. After September 30, 2020, lenders must resume obtaining Agency approval in accordance with all applicable program regulations, forms, and existing authorities. This guidance applies to all borrowers that had a current repayment status as of January 31, 2020. If the loan has been sold on the secondary market, the secondary market E:\FR\FM\08APR1.SGM 08APR1 19656 Federal Register / Vol. 85, No. 68 / Wednesday, April 8, 2020 / Rules and Regulations holder and lender must agree to the deferment actions being taken. The Agency will expect a written deferral agreement signed by both parties in these instances prior to executing any payment deferral action. A copy of the deferral agreement must be provided to the Agency. The Agency does not consider a loan that is under a deferral or forbearance agreement to be a delinquent loan. Unpaid interest accruing during a deferral or forbearance agreement is not subject to the limitation of the guarantee of accrued interest under 7 CFR 4287.145(d) (RBCS),7 CFR 3575.3 (RHS), nor 7 CFR 1779.3 (RUS). Lender Notification of Loans Under the CARES Act (Pub. L. 116–136) This notification expands upon the deferral flexibilities announced in the March 31, 2020, Federal Register notification by providing that lenders may also approve and make covered loans under the provisions of Section 1102 of the CARES Act. The lender must notify the Agency in writing of any covered loans made under Section 1102 of the CARES Act. Written notification to the Agency will meet the standard for concurrence until September 30, 2020. After September 30, 2020, lenders must resume obtaining Agency approval in accordance with all applicable program regulations, forms, and existing authorities. Bette B. Brand, Deputy Under Secretary, Rural Development. [FR Doc. 2020–07487 Filed 4–6–20; 4:15 pm] BILLING CODE 3410–XY–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2020–0207; Product Identifier 2020–NM–008–AD; Amendment 39–19884; AD 2020–06–15] RIN 2120–AA64 Airworthiness Directives; Fokker Services B.V. Airplanes Examining the AD Docket Federal Aviation Administration (FAA), DOT. ACTION: Final rule; request for comments. lotter on DSKBCFDHB2PROD with RULES AGENCY: The FAA is adopting a new airworthiness directive (AD) for certain Fokker Services B.V. Model F28 Mark 0100 airplanes. This AD was prompted by a report of a crack found in the inboard boom of the left-hand frame at fuselage station (STA) 17011. This AD SUMMARY: VerDate Sep<11>2014 19:34 Apr 07, 2020 Jkt 250001 requires a detailed inspection of the fuselage at STA 17011 for any cracking, repair if necessary, and a reporting requirement, as specified in a European Union Aviation Safety Agency (EASA) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products. DATES: This AD becomes effective April 23, 2020. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in this AD as of April 23, 2020. The FAA must receive comments on this AD by May 26, 2020. ADDRESSES: You may send comments, using the procedures found in 14 CFR 11.43 and 11.45, by any of the following methods: • Federal eRulemaking Portal: Go to https://www.regulations.gov. Follow the instructions for submitting comments. • Fax: 202–493–2251. • Mail: U.S. Department of Transportation, Docket Operations, M– 30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590. • Hand Delivery: U.S. Department of Transportation, Docket Operations, M– 30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. For the material incorporated by reference (IBR) in this AD, contact the EASA, Konrad-Adenauer-Ufer 3, 50668 Cologne, Germany; telephone +49 221 89990 1000; email ADs@easa.europa.eu; internet www.easa.europa.eu. You may find this IBR material on the EASA website at https://ad.easa.europa.eu. You may view this IBR material at the FAA, Transport Standards Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206–231–3195. It is also available in the AD docket on the internet at https:// www.regulations.gov by searching for and locating Docket No. FAA–2020– 0207. You may examine the AD docket on the internet at https:// www.regulations.gov by searching for and locating Docket No. FAA–2020– 0207; or in person at Docket Operations between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this AD, the regulatory evaluation, any comments received, and other information. The street address for Docket Operations is listed above. Comments will be PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 available in the AD docket shortly after receipt. Tom Rodriguez, Aerospace Engineer, International Section, Transport Standards Branch, FAA, 2200 South 216th St., Des Moines, WA 98198; telephone and fax 206–231–3226; email Tom.Rodriguez@faa.gov. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: Discussion The EASA, which is the Technical Agent for the Member States of the European Union, has issued EASA AD 2020–0002, dated January 8, 2020 (‘‘EASA AD 2020–0002’’) (also referred to as the Mandatory Continuing Airworthiness Information, or ‘‘the MCAI’’), to correct an unsafe condition for certain Fokker Services B.V. Model F28 Mark 0100 airplanes. This AD was prompted by a report of a crack found in the inboard boom of the left-hand frame at fuselage STA 17011. The FAA is issuing this AD to address cracking at the fuselage station, which could reduce resistance to fatigue and possibly affect the structural integrity of the airplane. See the MCAI for additional background information. Related IBR Material Under 1 CFR Part 51 EASA AD 2020–0002 describes procedures for a detailed inspection and repair for cracking of the fuselage at STA 17011. This material is reasonably available because the interested parties have access to it through their normal course of business or by the means identified in the ADDRESSES section. FAA’s Determination This product has been approved by the aviation authority of another country, and is approved for operation in the United States. Pursuant to the FAA’s bilateral agreement with the State of Design Authority, the FAA has been notified of the unsafe condition described in the MCAI referenced above. The FAA is issuing this AD because the FAA evaluated all pertinent information and determined the unsafe condition exists and is likely to exist or develop on other products of the same type design. Requirements of This AD This AD requires accomplishing the actions specified in the service information described previously, as incorporated by reference. This AD also requires sending the inspection results to Fokker. E:\FR\FM\08APR1.SGM 08APR1

Agencies

[Federal Register Volume 85, Number 68 (Wednesday, April 8, 2020)]
[Rules and Regulations]
[Pages 19655-19656]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07487]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service

7 CFR Part 1779

Rural Housing Service

7 CFR Part 3575

Rural Business-Cooperative Service

7 CFR Part 4287


Rural Development Guarantee Loan Servicing Flexibilities To 
Address Coronavirus 2019 Impacts

AGENCY: Rural Business-Cooperative Service, Rural Housing Service, and 
Rural Utilities Service, USDA.

ACTION: Notification.

-----------------------------------------------------------------------

SUMMARY: The Rural-Business Cooperative Service (RBCS), Rural Housing 
Service (RHS), and Rural Utilities Service (RUS) agencies of the Rural 
Development mission area, hereinafter referred to as Agency, issued a 
notification in the Federal Register on March 31, 2020, that allows 
lenders with guaranteed loans with the Agency to unilaterally offer 
payment deferrals for the period specified in the notice to their 
customers who may be experiencing temporary cash flow issues due to the 
Coronavirus (COVID-19) pandemic. This notification supplements the 
prior notification and includes additional servicing flexibilities 
regarding Agency guaranteed loan requirements as they relate to the new 
loans that are covered by Section 1102 of the Coronavirus Aid, Relief, 
and Economic Security (CARES) Act.

DATES: The policies included in this notification are effective as of 
March 31, 2020, and the temporary authorization expires on September 
30, 2020.

FOR FURTHER INFORMATION CONTACT: 
     Guarantee Lenders may contact the following Rural 
Development points of contact: RBCS, Aaron Morris, Director, Program 
Processing Division, 202-720-1501, [email protected]; for RHS, 
Deborah Jackson, Director, Guaranteed Loan Processing and Servicing 
Division, 202-720-8454, [email protected]; for RUS, Darrel 
Lipscomb, Water and Environmental Programs, 202-617-0857, 
[email protected].
     Borrowers with a loan guaranteed by Rural Development must 
contact their servicing Guarantee Lender for further information.

SUPPLEMENTARY INFORMATION: Through this notification Rural Development 
expands servicing flexibilities on four guaranteed loan programs to 
enable lenders to better assist rural business, water, and community 
facility borrowers in responding to the economic impacts of the COVID-
19 pandemic.

Lender Deferrals on Loan With USDA Guarantees

    On March 31, 2020, the Agency announced in the Federal Register at 
85 FR 17721 that beginning March 31, 2020, and through September 30, 
2020, the USDA Business and Industry (B&I) Guaranteed Loan Program, 
Rural Energy for America Program (REAP), Community Facilities 
Guaranteed Loan Program, and Water and Waste Guaranteed Program lenders 
may assist borrowers experiencing temporary cash flow issues resulting 
from the COVID-19 pandemic, by deferring payments for a period no 
longer than 180 days from the date the original payment is due. In 
accordance with 7 CFR 4287.107 (RBCS),7 CFR 3575.69 (RHS), and 7 CFR 
1779.69 (RUS), the lender is responsible for servicing the entire loan 
and for taking all servicing actions that a reasonably prudent lender 
would perform in servicing its own portfolio of loans that are not 
guaranteed.
    The lender must notify the Agency in writing of any payment 
deferments. Written notification to the Agency will meet the standard 
for concurrence until September 30, 2020. After September 30, 2020, 
lenders must resume obtaining Agency approval in accordance with all 
applicable program regulations, forms, and existing authorities. This 
guidance applies to all borrowers that had a current repayment status 
as of January 31, 2020.
    If the loan has been sold on the secondary market, the secondary 
market

[[Page 19656]]

holder and lender must agree to the deferment actions being taken. The 
Agency will expect a written deferral agreement signed by both parties 
in these instances prior to executing any payment deferral action. A 
copy of the deferral agreement must be provided to the Agency.
    The Agency does not consider a loan that is under a deferral or 
forbearance agreement to be a delinquent loan. Unpaid interest accruing 
during a deferral or forbearance agreement is not subject to the 
limitation of the guarantee of accrued interest under 7 CFR 4287.145(d) 
(RBCS),7 CFR 3575.3 (RHS), nor 7 CFR 1779.3 (RUS).

Lender Notification of Loans Under the CARES Act (Pub. L. 116-136)

    This notification expands upon the deferral flexibilities announced 
in the March 31, 2020, Federal Register notification by providing that 
lenders may also approve and make covered loans under the provisions of 
Section 1102 of the CARES Act.
    The lender must notify the Agency in writing of any covered loans 
made under Section 1102 of the CARES Act. Written notification to the 
Agency will meet the standard for concurrence until September 30, 2020. 
After September 30, 2020, lenders must resume obtaining Agency approval 
in accordance with all applicable program regulations, forms, and 
existing authorities.

Bette B. Brand,
Deputy Under Secretary, Rural Development.
[FR Doc. 2020-07487 Filed 4-6-20; 4:15 pm]
 BILLING CODE 3410-XY-P
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