Servicing actions after grant closing.

CFR · 2024-01-01 · US · Title 7

Rural Development has a responsibility to help the grantee be successful and help the grantee avoid cases of fraud and abuse. Servicing actions also include correlating activities between the grantee and Rural Development to the benefit of the participating families. The amount of servicing actions needed will vary in accordance with the experience of the grantee, but as minimum the following actions are required: (a) Monthly, the grantee will provide the District Director with a request for additional funds on Form SF-270, “Request for Advance or Reimbursement.” This request need only show the amount of funds used during the previous month, amount of unspent funds, projected need for the next 30 days, and written justification if the request exceeds the projected need for the next 30 days. This request must be in the District Director's office fifteen days prior to the beginning of the month. Upon receipt of the grantee's request, the District Director will: (1) If the request appears to be in order, process Form RD 440-57 so that delivery of the check will be possible on the first of the next month. (2) If the request does not appear to be in order, immediately contact the grantee to resolve the problem. After the contact: (i) If the explanation is acceptable, process Form RD 440-57 so delivery may be possible by the first of the next month, or (ii) If the explanation is not acceptable, immediately notify the grantee and request the amount of funds that appear reasonable fo

official document · source cfr-2024 · id 7:§ 1944.417