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O N A L

FEDERAL
VOLUME 22

REGISTER
V

,
1934

AilTEO

NUMBER 222

Washington, Friday, November 15, 1957

TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter B Farm Ownership Loans
FH A Instruction 443.2
P art 332 P rocessing I n it ia l L o ans MISCELLANEOUS AMENDMENTS

1. Section 332.6 a , Title 6, Code of Federal Regulations 22 F. R. 19, is revised to discontinue the requirement that veterans evidence o f discharge be included in the loan docket, and to read as follows:
332.6 Preparation of loan docket and action by loan approval official.
a Forms required in loan processing will be prepared and assembled in the County Office. The County Supervisor will assemble the loan docket when the County Committee has signed Form FHA-491, County Committee Certifica tion. i f the applicant is a veteran, the County Supervisor will review the appli cants evidence of discharge or release, and if he determines the applicant is a veteran as defined in 301.21 and 301.22
Of this chapter, Veteran status will be indicated on Form FHA-197, Applica tion for FHA Services. I f the applicant is a disabled veteran the docket will in clude evidence showing the amount of and reason for pension. The loan docket will be submitted to the State Office.
2. Section 332.11, Title 6, Code of Fed eral Regulations 22 F. R. 20 is revise to discontinue the submission o f Form PHA-416 and FHA-971 to the Nations Office for selection of a lender and t read as follows:
332.11 Action by State Office after approval of insured loan. When Form FHA-971, Request for c h e c k , is recenred from the County Office, the State ffice will check or insert the name and address of the lender and see that these itries are correct, the signature of the oimty Supervisor on the original of orm FHA-971, and forward the original Form FHA-971 to the lender.
3. Section 332.12 a . Title 6, Code of ederal Regulations 22 F. R. 20, is ra ised to include directions for delivery of
the check by the lender and to read as follows:
332.12 Actions subsequent to receipt of preliminary title evidence and prior to loan closing a County Supervisor.
When the preliminary title evidence is re ceived, it will be processed in accordance with Part 307, Subpart A, of this chapter.
When necessary curative actions have been taken to provide a satisfactory title and a date has been set for loan closing, the County Supervisor will order the loan check. For an insured loan, the County Supervisor will request the check by pre paring Form FHA-971 and submitting it to the State Director. In a case where the seller is to become the lender, the amount of the check requested will be only for the amount of cash, if any, he will advance. Whenever the bank han dling a supervised bank account will require the lenders personal check to clear before disbursing funds, the lender should be requested to furnish a certified or cashiers check. When suitable ar rangement can be made with the lender, the bank draft method may be used to obtain insured loan funds. The lender or his representative may present the check for an insured loan at the time the loan is closed or if desired, the check may be mailed to the County Supervisor.
When a lender issues a loan check pay able jointly to the borrowers and the Farmers Home Administration as a pre caution against loss of funds, the County Supervisor is authorized to endorse the check on behalf of the Farmers Home Administration at the time of loan clos ing as follows: Endorsed without re course: Farmers Home Administration, B y ------------------------ - T it le __________
The State Director also is authorized to endorse such a check in the same man ner. Authority to endorse such checks in no way relates to or modifies the regula tions contained in Part 362 of this chap ter regarding collection items, or the endorsement of such items.
4. The use of Forms FHA-190A and FHA-240A have been discontinued Therefore, In 332.13, Title 6, Code o f Federal Regulations 22 F. R. 21, refer ences to Form FHA-190A and Form FHA240A and the Note appearing in Continued on p. 9105

CONTENTS
Agricultural Marketing Service
Page
Proposed rule making :
Cotton and cottonseed standards and regulations______________ 9110
Milk; in Nashville, Tenn., mar keting area__________________ 9111
Oranges, Valencia; grown in Arizona and designated part of California____________ __ 9111
Potatoes, Irish; grown in Colo rado_______________________ _ 9111

Agriculture Department See Agricultural Marketing Serv ice; Farmers Home Administra tion.

Alien Property Office Notices:
Vested property; intention to return :
Baumann, Lisbeth_________ _
Coltof, Salomon, et al_______

9127
9127

Civil Aeronautics Administra tion Rules and regulations :
Federal aid to public agencies for development of public air ports; project costs_________

9105

Civil Aeronautics Board Proposed rule making:
Airworthiness regulations; 1957
annual review and amend ments_______________________
9116
Rules and regulations:
Rules of practice in economic proceedings; filing of docu ments___________________ ___ _ 9105

Commerce Department See also Civil Aeronautics Admin istration;
Federal Maritime Board.
Notices:
Reports of appointment and statements of financial in terests :
Messinger, Carl W _________ _
Smith, John R _______________
Statement o f changes in finan cial interests:
Merrill, Robert H ___________

9124
9124
9124

Defense Department Notices:
Removal of obstruction of Jus tice within State of Arkansas;
implementation of Executive Order 10730_____________
9103

9122