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Code · BILL · 116th Congress · H.R. 3055 (EAS) — 116 HR 3055 EAS: Commerce, Justice, Science, Agriculture, Rural Development, Food and Drug Administration, Interior,... · Sec. 723

Sec. 723.

100 words·~1 min read·/bill/116/hr/3055/eas/section-723

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The Secretary shall continue an intermediary loan packaging program based on the pilot program in effect for fiscal year 2013 for packaging and reviewing section 502 single family direct loans. The Secretary shall continue agreements with current intermediary organizations and with additional qualified intermediary organizations. The Secretary shall work with these organizations to increase effectiveness of the section 502 single family direct loan program in rural communities and shall set aside and make available from the national reserve section 502 loans an amount necessary to support the work of such intermediaries and provide a priority for review of such loans.
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