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        <title>Loan Payments and Collections</title>
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    <abstract>The Agencies are revising their internal loan payment and collections regulations to replace the current regulations. This action is necessary since existing regulations are obsolete and do not accurately reflect the current payment and collections methodologies employed by the Agencies. The intended effect is to simplify and update the regulations; update internal control procedures for safeguarding collections; remove references to the Concentration Banking System (CBS) procedures which were eliminated in November 1997; and to add procedures for new electronic payment methods that are currently in use by the Agencies (Preauthorized Debits, FedWire, Customer Initiated Payments, etc.). These amended regulations are to ensure the Agencies' field offices have current guidance on the payment and collection methods available and how to use them.</abstract>
    <identifier type="FR citation">68 FR 61329</identifier>
    <identifier type="uri">https://www.govinfo.gov/app/details/FR-2003-10-28/03-27046</identifier>
    <identifier type="FR Doc No.">03-27046</identifier>
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    <subject>
        <topic>Accounting</topic>
        <topic>Banks</topic>
        <topic>Banking</topic>
        <topic>Grant Programs-Housing and Community Development</topic>
        <topic>Loan Programs-Agriculture</topic>
        <topic>Loan Programs-Housing and Community Development</topic>
        <topic>Administrative Practice and Procedure</topic>
        <topic>Low and Moderate Income Housing</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
        <topic>Community Development</topic>
        <topic>Community Facilities</topic>
        <topic>Loan Security</topic>
        <topic>Rural Areas</topic>
        <topic>Waste Treatment and Disposal-Domestic</topic>
        <topic>Water Supply-Domestic</topic>
        <topic>Farm Labor Housing</topic>
        <topic>Low and Moderate Income Housing-Rental</topic>
        <topic>Migrant Labor</topic>
        <topic>Mobile Homes</topic>
        <topic>Mortgages</topic>
        <topic>Nonprofit Organizations</topic>
        <topic>Public Housing</topic>
        <topic>Rent Subsidies</topic>
        <topic>Rural Housing</topic>
        <topic>Subsidies</topic>
        <topic>Business and Industry</topic>
        <topic>Coal</topic>
        <topic>Energy</topic>
        <topic>Housing</topic>
        <topic>Nuclear Energy</topic>
        <topic>Planning</topic>
        <topic>Transportation</topic>
        <topic>Account Servicing</topic>
        <topic>Credit</topic>
        <topic>Financial Institutions</topic>
        <topic>Foreclosure</topic>
        <topic>Government Acquired Property</topic>
        <topic>Low and Moderate Income Housing Loans-Servicing</topic>
        <topic>Reporting Requirements</topic>
        <topic>Sale of Government Acquired Property</topic>
        <topic>Surplus Government Property</topic>
        <topic>Government Property Management</topic>
        <topic>Crops</topic>
        <topic>Government Property</topic>
        <topic>Livestock</topic>
        <topic>Loan Programs-Business and Industry-Rural Development Assistance</topic>
        <topic>Personnel</topic>
        <topic>Volunteers</topic>
    </subject>
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        <extent>5 p.</extent>
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            <partNumber>Title 7 Part 1902</partNumber>
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            <partNumber>Title 7 Part 1930</partNumber>
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        <searchTitle>Loan Payments and Collections; Federal Register Vol. 68, Issue </searchTitle>
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        <agency order="1">DEPARTMENT OF AGRICULTURE</agency>
        <agency order="2">Rural Housing Service</agency>
        <agency order="3">Rural Business-Cooperative Service</agency>
        <agency order="4">Rural Utilities Service</agency>
        <agency order="5">Farm Service Agency</agency>
        <billingCode>3410-XT-P</billingCode>
        <frDocNumber>03-27046</frDocNumber>
        <action>Final rule.</action>
        <summary>The Agencies are revising their internal loan payment and collections regulations to replace the current regulations. This action is necessary since existing regulations are obsolete and do not accurately reflect the current payment and collections methodologies employed by the Agencies. The intended effect is to simplify and update the regulations; update internal control procedures for safeguarding collections; remove references to the Concentration Banking System (CBS) procedures which were eliminated in November 1997; and to add procedures for new electronic payment methods that are currently in use by the Agencies (Preauthorized Debits, FedWire, Customer Initiated Payments, etc.). These amended regulations are to ensure the Agencies' field offices have current guidance on the payment and collection methods available and how to use them.</summary>
        <dates>October 28, 2003.</dates>
        <contact>Mark Huntley, Accountant, Office of the Deputy Chief Financial Officer, Policy and Internal Review Division, U.S. Department of Agriculture, STOP 33, PO Box 200011, St. Louis, MO 63120, telephone: (314) 539-6063.</contact>
        <cfr title="7">
                                    
            <part number="1902"/>
                                    
            <subject>Accounting</subject>
                                    
            <subject>Banks</subject>
                                    
            <subject>Banking</subject>
                                    
            <subject>Grant Programs-Housing and Community Development</subject>
                                    
            <subject>Loan Programs-Agriculture</subject>
                                    
            <subject>Loan Programs-Housing and Community Development</subject>
                                
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            <part number="1930"/>
                                    
            <subject>Administrative Practice and Procedure</subject>
                                    
            <subject>Low and Moderate Income Housing</subject>
                                    
            <subject>Reporting and Recordkeeping Requirements</subject>
                                
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        <cfr title="7">
                                    
            <part number="1942"/>
                                    
            <subject>Community Development</subject>
                                    
            <subject>Community Facilities</subject>
                                    
            <subject>Loan Security</subject>
                                    
            <subject>Rural Areas</subject>
                                    
            <subject>Waste Treatment and Disposal-Domestic</subject>
                                    
            <subject>Water Supply-Domestic</subject>
                                
        </cfr>
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            <part number="1944"/>
                                    
            <subject>Farm Labor Housing</subject>
                                    
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            <subject>Migrant Labor</subject>
                                    
            <subject>Mobile Homes</subject>
                                    
            <subject>Mortgages</subject>
                                    
            <subject>Nonprofit Organizations</subject>
                                    
            <subject>Public Housing</subject>
                                    
            <subject>Rent Subsidies</subject>
                                    
            <subject>Rural Housing</subject>
                                    
            <subject>Subsidies</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1948"/>
                                    
            <subject>Business and Industry</subject>
                                    
            <subject>Coal</subject>
                                    
            <subject>Energy</subject>
                                    
            <subject>Housing</subject>
                                    
            <subject>Nuclear Energy</subject>
                                    
            <subject>Planning</subject>
                                    
            <subject>Transportation</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1951"/>
                                    
            <subject>Account Servicing</subject>
                                    
            <subject>Credit</subject>
                                    
            <subject>Financial Institutions</subject>
                                    
            <subject>Foreclosure</subject>
                                    
            <subject>Government Acquired Property</subject>
                                    
            <subject>Low and Moderate Income Housing Loans-Servicing</subject>
                                    
            <subject>Reporting Requirements</subject>
                                    
            <subject>Sale of Government Acquired Property</subject>
                                    
            <subject>Surplus Government Property</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1955"/>
                                    
            <subject>Government Property Management</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1956"/>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1962"/>
                                    
            <subject>Crops</subject>
                                    
            <subject>Government Property</subject>
                                    
            <subject>Livestock</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1965"/>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="1980"/>
                                    
            <subject>Loan Programs-Business and Industry-Rural Development Assistance</subject>
                                
        </cfr>
        <cfr title="7">
                                    
            <part number="2045"/>
                                    
            <subject>Personnel</subject>
                                    
            <subject>Volunteers</subject>
                                
        </cfr>
        <tocSubject1>Program regulations:</tocSubject1>
        <tocDoc>Internal loan payment and collections, </tocDoc>
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            <partNumber>Vol. 68, no. 208</partNumber>
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		  Table of Contents: 
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