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

U.S. DEPARTMENT OF AGRICULTURE                                                  MANUAL    ISSUE No.

RURAL DEVELOPMENT                                                                 WSAL       PN 456

Washington, D.C  20250                                                           DATE

                                                                                    April 26, 2012

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 April 1, 2012.

REMOVE                                INSERT
Exhibit B:  Pages 1 & 2 (Rev 43).      Exhibit B:  Pages 1 & 2 (Rev 44).

INSERT RD INS 1951-C
(WSAL)

OFFSETS OF FEDERAL PAYMENTS TO USDA AGENCY BORROWERS.  This Instruction is partially revised as follows:

Section 1951.103, not, is amended to provide guidance for notifying borrowers of administrative offset;

Section 1951.104(a)(1), is amended to remove the requirement that certified mail be sent return receipt requested; and

Section 1951.104(1)(2)(ii), is amended to remove a reference to an obsolete form and replace it with the current term.

REMOVE                                INSERT
Pages 5 & 6 (Rev 6) and               Pages 5 & 6 (Rev 7) and
6E & 6F (Rev 1).                      6E & 6F (Rev 2).

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 April 1, 2011.                                           

REMOVE                                INSERT
Exhibit B:  Pages 3 & 4 (Rev 17).     Exhibit B:  Pages 3 & 4 (Rev 18).

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 13:

Paragraph 13.3, to add a paragraph on how to handle delinquent tax notices or pending tax sales on recapture receivable accounts.

REMOVE                                INSERT
Table of Contents dated 01-23-03:     Table of Contents dated 01-23-03:
  Pages 17 & 18;                        Pages 17 & 18 revised;
Chapter 13 dated 01-23-03:            Chapter 13 dated 01-23-03:
  Pages 13-3 thru 13-14,                Pages 13-3 thru 13-14,
  13-21 thru 13-30 and                  13-21 thru 13-30 and
  13-33 thru 13-37; and                 13-33 thru 13-37; and
    Attachment 13-D:                      Attachment 13-D:
      Pages 1 & 2.                          Pages 1 & 2 revised 04-26-12.

INSERT RD HB-2-3550
(WSAL)

DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS CENTRALIZED SERVICING CENTER HANDBOOK.  This Handbook is partially revised.  Specific revisions include:

Chapter 2:

Paragraph 2.6 and 2.7, to be consistent with Regulation 3550.161(a) as it relates to the full final payment amount due on a borrower’s account.

Chapter 3:

Paragraph 3.2 C., is added to establish the method of servicing recapture receivable accounts to protest the Government’s interest in the secured properties.

Chapter 7:

Paragraph 7.6 B.3, to add verbiage that ensures reamortization to repay unauthorized assistance is only available to occupant borrowers

REMOVE                                INSERT
Chapter 2 dated 05-27-98:             Chapter 2 dated 05-27-98:
  Pages 2-39 & 2-40;                    Pages 2-39 & 2-40;
Chapter 3 dated 05-27-98:             Chapter 3 dated 05-27-98:
  Pages 3-1 thru 3-22,                  Pages 3-1 thru 3-22,
    Attachment 3-B:  Pages 1; and       Attachment 3-B:  Pages 1 revised; and
Chapter 7 dated 05-27-98:             Chapter 7 dated 05-27-98:
  Pages 7-9 & 7-10.                     Pages 7-9 & 7-10 revised 04-26-12.

 

SPECIAL PROCEDURE NOTICES RELEASED:

ADMINISTRATIVE NOTICES RELEASED

  (See AN Checklist.)

oOo