USDA Rural Development Deputy Under Secretary Bette Brand today announced that USDA is granting lenders a temporary exception to offer payment deferrals for Agency guaranteed loan programs due to the COVID-19 pandemic.
Effective immediately until September 30, 2020, lenders may offer 180-day loan payment deferrals without prior agency approval for Business and Industry Loan Guarantees, Rural Energy for America Program Loan Guarantees, Community Facilities Loan Guarantees, and Water and Waste Disposal Loan Guarantees. For additional information, see page 17721 of the March 31, 2020, Federal Register.
Questions in Nebraska regarding this announcement may be directed to:
- Rural Business-Cooperative Service: Business and Industry and Rural Energy for America Program, Joan Scheel (Joan.Scheel@usda.gov)
- Rural Housing Service: Community Facilities, Denise Meeks (firstname.lastname@example.org)
- Rural Utilities Service: Water and Waste Disposal, Denise Meeks (Denise.email@example.com)
USDA is an equal opportunity provider, employer and lender.