Definitions.

CFR · 2024-01-01 · US · Title 7

References in this subpart to County, District, State, National and Finance Offices and to County Supervisor, District Director, State Director, and Administrator refer to Rural Development offices and officials and should be read as prefaced by Rural Development. Terms used in this subpart have the following meanings: (a) (b) (c) (d) (e) (2) A private nonprofit corporation with local representation from the area being served that is owned and controlled by private persons or interests and is organized and operated by private persons or interests for purposes other than making gains or profits for the corporation and is legally precluded from distributing any gains or profits to its members. (f) (g) (h) (1) Assisting individual Rural Development borrowers with financial problems to overcome delinquency and/or prevent foreclosure and assisting new low-income applicants to avoid financial problems through: (i) Financial and budget counseling including advice on debt levels, credit purchases, consumer and cost awareness, debt adjustment procedures, and availablity of other financial counseling services; (ii) Monitoring payment of taxes and insurance; (iii) Home maintenance and management; and (iv) Other counseling based on the needs of the low-income families. (2) Contracting and assisting low-income families in need of adequate housing by: (i) Implementing an organized outreach program using available media and personal contacts; (ii) Explaining available housing programs and a

official document · source cfr-2024 · id 7:§ 1944.506