Special Servicing of Telecommunications Programs Loans for Financially Distressed Borrowers

The Rural Utilities Service is issuing a final rule with request for comments to outline the general policies for servicing actions associated with financially distressed borrowers from the Telecommunications Infrastructure Loan Program, Rural Broadband Program, Distance Learning and Telemedicine Program, Broadband Initiatives Program, and Rural eConnectivity Pilot Program. This rule will ensure recipients comply with any revised terms in repayment on loans and ensures serving actions are handled by RUS consistently across programs. This final rule is effective February 25, 2020. Comments are due by April 27, 2020.