Rural Housing Service August 2016 – Federal Register Recent Federal Regulation Documents

The Rural Housing Service (RHS or Agency) is implementing its civil monetary penalty provision. Currently, the Agency is limited to severe actions, such as acceleration and foreclosure, as a remedy for non-monetary compliance violations, actions that may not be in the best interest of the government. New Civil Monetary Penalties regulations will enable the Agency to target the non-monetary default issues and elicit compliance by the borrower without such a drastic step as foreclosure. By implementing procedures for Civil Monetary Penalties, the Agency will be provided an important tool to enforce compliance with the regulations.

The Agency published a document in the Federal Register of July 6, 2016, seeking applications from Re-Lenders under the Community Facility (CF) Loan Program for FY 2016. The Rural Housing Service (RHS) amended the CF Direct Loan regulations to make loans to qualified Re- Lenders who will loan those funds to Applicants primarily for projects in or serving persistent poverty counties or high poverty areas that are eligible for the CF Loan Program. This document has an incorrect cross-reference and an incorrect hyperlink which both need to be corrected.