[Federal Register: April 8, 2004 (Volume 69, Number 68)]
[Rules and Regulations]
[Page 18471]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08ap04-1]
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Rules and Regulations
Federal Register
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[[Page 18471]]
DEPARTMENT OF AGRICULTURE
Farm Service Agency
7 CFR Part 772
RIN 0560-AG67
Servicing Minor Program Loans
AGENCY: Farm Service Agency, USDA.
ACTION: Correcting amendment.
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SUMMARY: This document corrects the final regulations published
December 16, 2003 (68 FR 69948), which consolidated servicing
regulations for the Minor Loan Programs currently administered by the
Farm Service Agency. This amendment corrects an editorial mistake
relating to a regulatory reference.
EFFECTIVE DATE: April 8, 2004.
FOR FURTHER INFORMATION CONTACT: Mel Thompson, Senior Loan Officer,
Farm Service Agency; telephone: 202-720-7862; Facsimile: 202-690-1196;
E-mail: mel_thompson@wdc.fsa.usda.gov. Persons with disabilities who
require alternative means for communication (Braille, large print,
audio tape, etc.) should contact the USDA Target Center at (202) 720-
2600 (voice and TDD).
SUPPLEMENTARY INFORMATION: This document corrects final regulations
that consolidated and clarified the servicing policies of the Farm
Service Agency's Minor Loan Programs published in the Federal Register
on December 16, 2003. Section 772.8(a)(1)(ii) as promulgated states, in
part, ``The instrument of conveyance will contain the nondiscrimination
covenants contained in 7 CFR 1951.204.'' This document removes the
reference to the Rural Development regulation at 7 CFR 1951.204, and
replaces it with the actual language from that regulation.
0
For the reason stated above, 7 CFR 772.8 is corrected by making the
following amendment:
PART 772--[AMENDED]
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1. The authority citation continues to read as follows:
Authority: 5 U.S.C. 301, 7 U.S.C. 1989, 25 U.S.C. 490.
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2. Revise paragraph 772.8(a)(1)(ii) to read as follows:
Sec. 772.8 Sale or exchange of security property.
(a) * * *
(1) * * *
(ii) The sale will not prevent carrying out the original purpose of
the loan. The borrower must execute an Assurance Agreement as
prescribed by the Agency. The covenant involved will remain in effect
as long as the property continues to be used for the same or similar
purposes for which the loan was made. The instrument of conveyance will
contain the following nondiscrimination covenant:
The property described herein was obtained or improved with Federal
financial assistance and is subject to the non-discrimination
provisions of title VI of the Civil Rights Act of 1964, title IX of
the Education Amendments of 1972, section 504 of the Rehabilitation
Act of 1973, and other similarly worded Federal statutes, and the
regulations issued pursuant thereto that prohibit discrimination on
the basis of race, color, national origin, handicap, religion, age,
or sex in programs or activities receiving Federal financial
assistance. Such provisions apply for as long as the property
continues to be used for the same or similar purposes for which the
Federal assistance was extended, or for so long as the purchaser
owns it, whichever is later.
Signed in Washington, DC, on March 31, 2004.
James R. Little,
Administrator, Farm Service Agency.
[FR Doc. 04-7930 Filed 4-7-04; 8:45 am]
BILLING CODE 3410-05-P