Sec. 201. DELEGATION OF GUARANTEED RURAL HOUSING LOAN APPROVAL

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## SEC. 201 DELEGATION OF GUARANTEED RURAL HOUSING LOAN APPROVAL Subsection

(h)of section 502 of the Housing Act of 1949 (42 U.S.C. 1472(h)) is amended by adding at the end the following new paragraph: > > #### “(18) Delegation of approval > > The Secretary may delegate, in part or in full, the Secretary’s authority to approve and execute binding Rural Housing Service loan guarantees pursuant to this subsection to certain preferred lenders, in accordance with standards established by the Secretary.” > .

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U.S. Code

Loans for housing and buildings on adequate farms
§ 1472

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Sec. 201

DELEGATION OF GUARANTEED RURAL HOUSING LOAN APPROVAL

U.S.C.§ 1472

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