FORM RD 2006-46 (Rev. 01-98)
U.S. DEPARTMENT OF AGRICULTURE MANUAL ISSUE No.
RURAL DEVELOPMENT WSAL PN 452
Washington, D.C 20250 DATE
October 26, 2011
RD MANUAL CHANGES
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 October 1, 2011; and
Exhibit K is revised to amend the upfront fee requirement and implement an annual fee requirement for Section 502 Guaranteed Loans. Effective October 1, 2011 the up-front guarantee fee for purchase transaction is 2 percent for a factor of .0222222, and the annual-fee for both purchase and refinance loan transaction is 0.3 percent of the scheduled average unpaid principal balance of the loan.
Exhibit B: Pages 1 & 2 (Rev 37) Exhibit B: Pages 1 & 2 (Rev 38)
and Exhibit K. and Exhibit K revised 10-26-11.
RD INS 1940-L
METHODOLOGY AND FORMULAS FOR ALLOCATIONS OF LOAN AND GRANT PROGRAM FUNDS. Exhibit A, Attachment 1 is revised to reflect the funding for Fiscal Year 2011; and
Exhibit A, Attachment 2 is reviewed to include the allocation of funds for Fiscal Year 2011 for the Community Facilities, Multi-Family Housing and Single Family Housing Programs.
Exhibit A: Attachment 1; and Exhibit A: Attachment 1 revised; and
Exhibit A: Attachment 2. Exhibit A: Attachment 2 revised 10-26-11.
RD INS 1951-O
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 October 1, 2011.
Exhibit B: Pages 3 & 4 (Rev 16). Exhibit B: Pages 3 & 4 (Rev 17).
RD INS 4279-B
BUSINESS AND INDUSTRY GUARANTEED LOAN PROGRAM. This Instruction is partially revised as follows:
Section 4279.108(c)(3) and (4) have been added to clarify what evidence is necessary to prove an individual resides in the U.S. after being legally admitted for permanent residence;
Section 4279.144, to add administrative language regarding the submission of the lender’s technical review of appraisals; and
Appendix A, to correct market and management feasibility sections.
Pages 4A added; Pages 4A (Rev 1),
17 & 18 (Rev 2); and 17 & 18 (Rev 3); and
Appendix A: Pages 1 thru 3. Appendix A revised 10-26-11.
RD HANDBOOK CHANGES
DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS FIELD OFFICE HANDBOOK. This Handbook is partially revised. Specific revisions include:
Attachment 7-B, to extend the tax service fee timetable for 2011.
In the following Handbooks, Appendix 6 is partially revised to include the
August 1, 2010 interest rate for the Above-Moderate Single Family Housing non-program loans.
* Number Title
HB-1-3550 DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS FIELD OFFICE
HB-2-3550 DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS CENTRALIZED
SERVICING CENTER HANDBOOK.
Chapter 7 dated 01-23-03: Chapter 7 dated 01-23-03:
Attachment 7-B: Pages 1 & 2; and Attachment 7-B: Pages 1 & 2 revised; and
Appendix 6: Pages 3 & 4. Appendix 6: Pages 3 & 4 revised 10-26-11.
PROCEDURE NOTICES RELEASED:
ADMINISTRATIVE NOTICES RELEASED:
(See AN Checklist.)