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    <abstract>This action amends the servicing regulations that apply when it is determined that unauthorized recipients have received financial assistance under USDA Business, Cooperative, and Community Facility loan and grant programs. The changes make clear that the first demand letter notifying the recipient of the Agency's determination serves as the initial step in the Agency's collection efforts, and that it may serve as the basis for the recipient's appeal rights. The terms of the first demand letter remain in full force and effect, unless the demand letter is subsequently amended in writing by the Agency after discussions with the recipient or modified as a result of judicial proceedings.</abstract>
    <identifier type="FR citation">71 FR 75851</identifier>
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    <identifier type="FR Doc No.">06-9763</identifier>
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    <subject>
        <topic>Accounting</topic>
        <topic>Account Servicing</topic>
        <topic>Credit</topic>
        <topic>Debt</topic>
        <topic>Loan Programs-Agriculture</topic>
        <topic>Low and Moderate Income Housing Loans-Servicing</topic>
        <topic>Rent Subsidies</topic>
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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>
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        <action>Final rule.</action>
        <summary>This action amends the servicing regulations that apply when it is determined that unauthorized recipients have received financial assistance under USDA Business, Cooperative, and Community Facility loan and grant programs. The changes make clear that the first demand letter notifying the recipient of the Agency's determination serves as the initial step in the Agency's collection efforts, and that it may serve as the basis for the recipient's appeal rights. The terms of the first demand letter remain in full force and effect, unless the demand letter is subsequently amended in writing by the Agency after discussions with the recipient or modified as a result of judicial proceedings.</summary>
        <dates>Effective Date: This rule is effective on December 19, 2006.</dates>
        <contact>Bill Hagy, Deputy Administrator, Rural Development Business Programs, USDA, Stop 3220, Room 5811, 1400 Independence Ave., SW., Washington, DC 20250, telephone (202) 720-7287, or internet e-mail "bill.hagy@wdc.usda.gov".</contact>
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            <subject>Accounting</subject>
                                    
            <subject>Account Servicing</subject>
                                    
            <subject>Credit</subject>
                                    
            <subject>Debt</subject>
                                    
            <subject>Loan Programs-Agriculture</subject>
                                    
            <subject>Low and Moderate Income Housing Loans-Servicing</subject>
                                    
            <subject>Rent Subsidies</subject>
                                
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        <tocSubject1>Program regulations:</tocSubject1>
        <tocDoc>Financial assistance; servicing and collection from unauthorized recipients, </tocDoc>
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            <partNumber>Vol. 71, no. 243</partNumber>
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