FORM RD 2006-46 (Rev. 01-98)

U.S. DEPARTMENT OF AGRICULTURE                            MANUAL    ISSUE No.

RURAL DEVELOPMENT                                         WSAL        PN 410

Washington, D.C  20250                                    DATE

                                                                 June 13, 2007

PROCEDURE NOTICE

RD MANUAL CHANGES

INSERT RD INS 1940-L
(WSAL)

Methodology and Formulas for Allocation of Loan and Grant Program Funds.  Exhibit A, Attachment 2 is completely revised to include the allocation of funds for Fiscal Year 2007 for the Community Facilities, Multi-Family Housing, and Single Family Housing Programs.

REMOVE                                INSERT
Exhibit A, Attachment 2.              Exhibit A, Attachment 2 revised 06-13-07.
 

INSERT RD INS 1980-D
(WSAL)

RURAL HOUSING LOANS.  The Table of Contents is partially revised to change the sub-title
of § 1980.309(g) to “Monitoring a Lender’s origination and servicing of loans”; and

The Instruction is partially revised to further clarify and expand upon the oversight and monitoring responsibilities of the Agency regarding Lender and/or Servicer Compliance Reviews.  A Compliance Review Guide will be used to review the specific Lender and/or Servicer.

REMOVE                                INSERT
Table of Contents:  Pages 1 & 2; and  Table of Contents:  Pages 1 & 2 (Rev 1); and
Pages 13 & 14.                        Pages 13 & 14 (Rev 1),
                                      14A & 14B added 06-13-07 and 15 & 16 (Rev 2).

INSERT RD INS 2018-F
(WSAL)

AVAILABILITY OF INFORMATION.  This Instruction is partially revised to remove the restriction that prevents requests from being submitted electronically through e-mail.

REMOVE                                INSERT
Pages 15 & 16 (Rev 1).                Pages 15 & 16 (Rev 2).

RD HANDBOOK CHANGES

INSERT RD HB-1-3550
(WSAL)

DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS FIELD OFFICE HANDBOOK.  This Handbook is partially revised.  Specific revisions include:

Chapter 3:

Attachment 3-D, to include the new Agency logo.

Chapter 4: 

The text box, to clarify the difference between fringe benefits from housing allowances and to indicate what constitutes a complete Income Tax return.

Chapter 7:

To clarify when an escrow account must be established.

REMOVE                                INSERT
Chapter 3 dated 01-23-03:             Chapter 3 dated 01-23-03:
  Attachment 3-D:  Pages 1 & 2;         Attachment 3-D:  Pages 1 & 2 revised;
Chapter 4 dated 01-23-03:             Chapter 4 dated 01-23-03:
  Pages 4-9 & 4-10, 4-17 & 4-18,        Pages 4-9 & 4-10, 4-17 & 4-18
  and 4-19 & 4-20; and                  and 4-19 & 4-20 revised; and
Chapter 7 dated 01-23-03:             Chapter 7 dated 01-23-03:
  Pages 7-1 thru & 7-6.                 Pages 7-1 thru 7-6.


SPECIAL PROCEDURE NOTICES RELEASED:

  SPECIAL PROCEDURE NOTICE dated 05-18-07.  DISTRIBUTION:  WSAL.
  (Re:  RD Instruction 1980-D and HB-1-3550 (Income Limits.)

  SPECIAL PROCEDURE NOTICE dated 05-25-07.  DISTRIBUTION:  WSAL.
  (Re:  RD Instruction 1940-L

ADMINISTRATIVE NOTICES CHECKLIST:
  (See AN Checklist.)

oOo