Page 14 - September 2018

SBA has issued a correction the Code of Federal for one scoring criteria. The correction is effective
Regulations (CFR). In Title 13 of CFR, revised as of 09/06/2018. The notice may be viewed at:
January 1, 2018, on page 393, in §121.201, in the https://www.gpo.gov/fdsys/pkg/FR-2018-09-
table “Small Business Size Standards by NAICS 06/pdf/2018-19357.pdf. Federal Register, Vol. 83,
Industry”, the entry for NAICS code 336999 under No. 173, 09/06/2018, 45208.
Subsector 336 is completed by adding “All Other
Transportation Equipment Manufacturing” under RHS Requests Comment on Maximum
NAICS U.S. industry title and “1,000” under Size Interest Rate.
standards in number of employees. The notice may
be viewed at: https://www.gpo.gov/fdsys/pkg/FR- The Rural Housing Service (RHS) seeks public
2018-08-16/pdf/2018-17794.pdf. Federal Register, comments on updating the provisions of the Single
Vol. 83, No. 159, 08/16/2018, 40660. Family Housing Guaranteed Loan Program
(SFHGLP), specifically regarding the maximum
FCA Proposes Amendments to Farm interest rate, its impact on loan making to potential
Credit System Regulations. SFHGLP borrowers, and possible changes to the
interest rate cap. RHS is soliciting input regarding the
The Farm Credit Administration (FCA) ) is proposing maximum interest rate to help determine whether the
to amend its regulations affecting the governance of interest rate cap should be modified in order to
Farm Credit System (System) institutions. The support the agency’s mission to offer applicants, who
proposed rule would modify the existing outside are unable to secure the credit necessary for such
director eligibility criteria by expanding the list of housing from other sources under conventional credit
persons who would be excluded from nomination for terms, an opportunity to acquire new or existing
an outside director’s seat to ensure the independence housing for use as a primary residence; finance the
of outside directors. Comments are due 10/23/2018. repair and rehabilitation costs associated with the
The notice may be viewed at: purchase of the home; and refinance an existing
https://www.gpo.gov/fdsys/pkg/FR-2018-08- Section 502 loan to lower the interest rate. Comments
24/pdf/2018-18312.pdf. Federal Register, Vol. 83, are due 10/16/2018. The notice may be viewed at:
No. 165, 08/24/2018, 42807-42810. https://www.gpo.gov/fdsys/pkg/FR-2018-08-
FCIC Amends Sugar Beet Crop 17/pdf/2018-17764.pdf. Federal Register, Vol. 83,
Insurance Provisions. No. 160, 08/17/2018, 41056-41057.

The Federal Crop Insurance Corporation (FCIC) RHS Proposes Amendments to Single
amends the Common Crop Insurance Regulations, Family Housing Guaranteed Loan
Sugar Beet Crop Insurance Provisions. The intended Program.
effect of this action is to update existing policy
provisions and definitions to better reflect current • RHS issued a proposal to make several changes
agricultural practices. The changes will be effective
for the 2019 and succeeding crop years in states with to the single-family housing guaranteed loan
a November 30 contract change date and for the 2020 program (SFHGLP) regulations to streamline the
and succeeding crop years in all other states. The rule loss claim process for lenders who have acquired
is affective 11/30/2018. The notice may be viewed at: title to property through voluntary liquidation or
https://www.gpo.gov/fdsys/pkg/FR-2018-09- foreclosure; clarify that lenders must comply
10/pdf/2018-19152.pdf. Federal Register, Vol. 83, with applicable laws, including those within the
No. 175, 09/10/2018, 45535-45539. purview of the CFPB; and better align loss
mitigation policies with those in the mortgage
RBC Issues Correction to Rural industry. Comments are due 10/22/2018. The
Development Cooperative Agreement notice may be viewed at:
Program. https://www.gpo.gov/fdsys/pkg/FR-2018-08-
23/pdf/2018-18089.pdf. Federal Register, Vol.
The Rural Business-Cooperative Service (RBC) 83, No. 164, 08/23/2018, 42618-42622.
issued a correction to a notice regarding the Rural
Development Cooperative Agreement Program that • RHS is proposing to amend its regulations for
was published in the Federal Register on 08/17/2018. the direct and guaranteed single family housing
The correction revises the maximum available points loan and grant programs. Comments are due

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