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

U.S. DEPARTMENT OF AGRICULTURE                                            MANUAL    ISSUE No.

RURAL DEVELOPMENT                                                           WSAL       PN 445

Washington, D.C  20250                                                     DATE

                                                                              January 12, 2011

PROCEDURE NOTICE

RD MANUAL CHANGES

INSERT RD 440.1
(WSAL)

INTEREST RATES, AMORTIZATION, GUARANTEE FEE, ANNUAL CHARGE, AND FIXED PERIOD. 

Exhibit B is partially revised to update the Treasury Judgement Rate and various program rates, effective January 1, 2011.

REMOVE                                INSERT
Exhibit B:  Pages 1 & 2 (Rev 30).     Exhibit B:  Pages 1 & 2 (Rev 31).
   

INSERT RD INS 1924-A
(WSAL)

PLANNING AND PERFORMING CONSTRUCTION AND OTHER DEVELOPMENT.  Exhibit L, Attachment 1 is revised to indicate warranty companies (correct addresses and phone numbers) acceptable to the Agency as a risk retention group.

REMOVE                                INSERT
Exhibit L, Attachment 1.              Exhibit L, Attachment 1 revised 01-12-11.

INSERT RD INS 1951-O
(WSAL)

SERVICING CASES WHERE UNAUTHORIZED LOAN(S) OR OTHER FINANCIAL ASSISTANCE WAS RECEIVED – COMMUNITY AND INSURED BUSINESS PROGRAMS.  Exhibit B is partially revised to update program interest rates, effective January 1, 2011.

REMOVE                                INSERT
Exhibit B:  Pages 3 & 4 (Rev 13).     Exhibit B:  Pages 3 & 4 (Rev 14).

INSERT RD INS 4279-B
(WSAL)

BUSINESS AND INDUSTRY LOANS.  This Instruction is revised as follows:

The Table of Contents and Page 35 of the Instruction is partially revised to include Appendix E;

Appendix A is completely revised to provide additional guidance for acceptable feasibility studies for the Business and Industry Guaranteed Loan Program; and

Appendix E is added to provide guidance on the credit evaluation.

REMOVE                                INSERT
Table on Contents:                    Table of Contents:
  Pages 3 (Rev 1);                      Page 3 (Rev 2);
Page 35; and                          Page 35 (Rev 1);
Appendix A.                           Appendix A:  Pages 1 thru 3 revised; and
                                      Appendix E added 01-12-11.

INSERT RD INS 4280-D
(WSAL)

RURAL MICROENTREPRENEUR ASSISTANCE PROGRAM.  In § 4280.312(c), the first sentence of the introductory is revised to add the words “unless other arrangements have been made” and to remove the sentence “Loans will be closed…needed.”

REMOVE                                INSERT
Pages 25 & 26.                        Pages 25 & 26 (Rev 1).

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:

In the following Handbooks, Appendix 6 is partially revised to include the
January 1, 2011 interest rate for the Above-Moderate Single Family Housing non-program loans and to include the FY 2010 interest rate for unauthorized assistance.

* Number       Title
HB-1-3550      DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS FIELD OFFICE
               HANDBOOK.

HB-2-3550      DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS CENTRALIZED
               SERVICING CENTER HANDBOOK.

REMOVE                                INSERT
Appendix 6:  Pages 3 & 4 and 7.       Appendix 6:  Pages 3 & 4 and
                                        7 revised 01-12-11.

INSERT RD HB-1-3565
(WSAL)

GUARANTEED RURAL RENTAL HOUSING PROGRAM ORIGINATION AND SERVICING HANDBOOK.  This Handbook is partially revised.  Specific revisions include:

Appendix 1:

Appendix 1 is partially revised to incorporate additional definitions and revisions to the types of guarantees offered and other minor revisions.

REMOVE                                INSERT
Pages 5 thru 10, 13 thru 18,          Pages 5 thru 10, 13 thru 18,
17 & 18 and 27 thru 42.               17 & 18 and 27 thru 42 revised 01-12-11.

NO SPECIAL PROCEDURE NOTICES RELEASED.

ADMINISTRATIVE NOTICES RELEASED:

  (See AN Checklist.)

oOo