Tag: Approved Lender Status

USDA Revokes Approved Lender Status of Ten Lenders

The U.S. Department of Agriculture Secretary Brooke Rollins has excluded ten lenders from the RD OneRD Guaranteed Lending Program due to noncompliance, affecting about $620 million in delinquent loans. This decision aims to enhance lending practices, ensure taxpayer money supports rural America, and improve service to remaining compliant lenders.