Federal Register/Vol. 82, No. 205/Wednesday, October 25, 2017
Department of Agriculture
Rural Housing Service
7 CFR Part 3560
Agency: Rural Housing Service, USDA
Summary: The Rural Housing Service (RHS) is revising its existing regulations regarding financial reporting. This action is necessary to align RHS requirements with those of the United States Department of Housing and Urban Development (HUD) utilizing a risk-based threshold reporting which will reduce the burden on the borrower to produce multiple Financial reports; focus on high-risk properties; and, reduce the financial cost of reporting on properties.