Title 7 published on 2012-01-01
The following are only the Rules published in the Federal Register after the published date of Title 7.
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2012-02-13; vol. 77 # 29 - Monday, February 13, 2012 77 FR 7517 - Definitions and Abbreviations
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DEPARTMENT OF AGRICULTURE, Rural Business-Cooperative Service, Rural Utilities Service Direct final rule. This rule will become effective April 13, 2012 without further action unless the Agency receives written adverse comments or written notices of intent to submit adverse comments on or before March 14, 2012. If the Agency receives adverse comments or notices, the Agency will publish a timely document in the Federal Register withdrawing the amendment. Any adverse comments received will be considered under the proposed rule published in this edition of the Federal Register in the proposed rule section. A second public comment period will not be held. Written comments must be received by the Agency or carry a postmark or equivalent no later than March 14, 2012. 7 CFR Part 4279 Summary The Rural Business-Cooperative Service is amending its regulations for the Business and Industry Guaranteed Loan Program to clarify that the Agency guarantee does not cover default and penalty interest or late charges. The Agency's regulations are currently silent on this issue. However, it has always been the Agency's policy not to pay out additional cost for default interest, penalty interest, and late charges calculated and submitted on a final report of loss claim under the Loan Note Guarantee. The Agency does permit the lender to charge default interest with prior Agency approval. By defining “interest” in the definition section of the regulation and clarifying the Agency's policy as it relates to default interest, penalty interest, and late charge, this will avert any misunderstandings.
2012-01-24; vol. 77 # 15 - Tuesday, January 24, 2012 77 FR 3379 - Biorefinery Assistance Guaranteed Loans; Correction
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DEPARTMENT OF AGRICULTURE, Rural Business-Cooperative Service, Rural Utilities Service Interim rule; correction. The correction is effective January 24, 2012. 7 CFR Part 4279 Summary The Agency published a rule in the Federal Register on February 14, 2011, establishing a guaranteed loan program for the development and construction of commercial-scale biorefineries and for the retrofitting of existing facilities using eligible technology for the development of advanced biofuels. The document inadvertently omitted provisions as to what an applicant is to do in the event either an appraisal is not completed or a credit rating cannot be obtained at the time of application. This document corrects the omissions.
