RBS, RUS: Guaranteed Loanmaking and Servicing Regulations
May 22, 2020
The United States Department of Agriculture's Rural Business-Cooperative Service and Rural Utilities Service has issued an interim final rule to update the Business and Industry (B&I) Guaranteed Loan Program to allow flexibility to obligate federal funds for guaranteed loans in response to the COVID-19 pandemic. This rule is effective May 22, 2020 and applications will be accepted through June 22, 2020 or until funds are expended. Comments on the rule are due by June 22, 2020.
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