{"abstract":"The Rural Housing Service (RHS or Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is implementing changes to the Single-Family Housing Guaranteed Loan Program (SFHGLP) to amend the current regulations regarding Special Servicing Options and adjust the Mortgage Recovery Advance (MRA) process. This final rule is intended to benefit borrowers and lenders by providing lenders more flexibility in their servicing options, offering a less expensive and less cumbersome MRA process, and reduce program risk of the guaranteed loan portfolio.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF AGRICULTURE","name":"Agriculture Department","id":12,"url":"https://www.federalregister.gov/agencies/agriculture-department","json_url":"https://www.federalregister.gov/api/v1/agencies/12","parent_id":null,"slug":"agriculture-department"},{"raw_name":"Rural Housing Service","name":"Rural Housing Service","id":458,"url":"https://www.federalregister.gov/agencies/rural-housing-service","json_url":"https://www.federalregister.gov/api/v1/agencies/458","parent_id":12,"slug":"rural-housing-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/08/15/2024-18291.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"3555","title":7}],"citation":"89 FR 66189","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective February 11, 2025.","disposition_notes":null,"docket_ids":["Docket No. RHS-24-SFH-0001"],"dockets":[{"supporting_documents":[],"agency_name":"RHS","documents":[{"comment_count":0,"comment_start_date":"2024-08-15","updated_at":"2024-10-29T08:10:05.639-04:00","comment_url":"https://www.regulations.gov/commenton/RHS-24-SFH-0001-0001","allow_late_comments":false,"id":"RHS-24-SFH-0001-0001","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"RHS-24-SFH-0001","title":"Single Family Housing Guaranteed Loan Program Changes Related to Special Servicing Options"}],"document_number":"2024-18291","effective_on":"2025-02-11","end_page":66194,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/08/15/2024-18291.xml","html_url":"https://www.federalregister.gov/documents/2024/08/15/2024-18291/single-family-housing-guaranteed-loan-program-changes-related-to-special-servicing-options","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-18291?publication_date=2024-08-15","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-08-15/2024-18291/mods.xml","not_received_for_publication":null,"page_length":6,"page_views":{"count":2077,"last_updated":"2026-10-23 00:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-08-15/pdf/2024-18291.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-18291.pdf?1723639542","publication_date":"2024-08-15","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/08/15/2024-18291.txt","regulation_id_number_info":{"0575-AD28":{"issue":"202404","html_url":"https://www.federalregister.gov/regulations/0575-AD28/7-cfr-3555-304-section-changes-to-the-special-mortgage-recovery-advances-mra-for-the-single-family-h","title":"7 CFR 3555.304--Section Changes to the Special Mortgage Recovery Advances (MRA) for the Single-Family Housing Guaranteed Loan Program ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202404&RIN=0575-AD28&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["0575-AD28"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/0575-AD28/7-cfr-3555-304-section-changes-to-the-special-mortgage-recovery-advances-mra-for-the-single-family-h","title":"7 CFR 3555.304--Section Changes to the Special Mortgage Recovery Advances (MRA) for the Single-Family Housing Guaranteed Loan Program "},"comments_count":0,"agency_id":"RHS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=RHS-24-SFH-0001","supporting_documents_count":0,"docket_id":"RHS-24-SFH-0001","document_id":"RHS-24-SFH-0001-0001","regulation_id_number":"0575-AD28","title":"Single Family Housing Guaranteed Loan Program Changes Related to Special Servicing Options","checked_regulationsdotgov_at":"2024-10-30T11:00:30Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":66189,"subtype":null,"title":"Single Family Housing Guaranteed Loan Program Changes Related to Special Servicing Options","toc_doc":"Special Servicing Options","toc_subject":"Single Family Housing Guaranteed Loan Program","topics":["Administrative practice and procedure","Business and industry","Fair housing","Flood insurance","Grant programs-housing and community development","Home improvement","Housing","Loan programs-housing and community development","Low and moderate income housing","Manufactured homes","Mortgage insurance","Mortgages","Reporting and recordkeeping requirements","Rural areas"],"type":"Rule","volume":89}