USDA: Proposed Rule – Streamlining the Loss Claims Process
August 23, 2018
On August 23, 2018, a Proposed Rule was published in the Federal Register seeking comments on proposed changes to streamline the loss claim process for lenders who have acquired title to property through voluntary liquidation or foreclosure; clarify that lenders must comply with applicable laws, including those within the purview of the Consumer Financial Protection Bureau; and better align loss mitigation policies with those in the mortgage industry. Instructions for providing comments are included in the Federal Register Notice.
Questions regarding this announcement may be directed to SFHGLP in the Rural Housing National Office at 202-720-1452.
Customer Service Center
Single Family Housing Guaranteed Loan Division
USDA ITS Service Desk Support Center
For e-Authentication assistance
Phone: 800-457-3642, option 1 (USDA e-Authentication Issues)
Rural Development Help Desk
For GUS system, outage or functionality assistance
Phone: 800-457-3642, option 2 (USDA Applications); then option 2 (Rural Development)