7 CFR § 3550.201 - Purpose of special servicing actions.
---
identifier: "/us/cfr/t7/s3550.201"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3550.201 - Purpose of special servicing actions."
title_number: 7
title_name: "Agriculture"
section_number: "3550.201"
section_name: "Purpose of special servicing actions."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3550"
part_name: "DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 42 U.S.C. 1480."
regulatory_source: "61 FR 59779, Nov. 22, 1996, unless otherwise noted."
cfr_part: "3550"
---
# 3550.201 Purpose of special servicing actions.
The Rural Housing Service (RHS) may approve special servicing actions to reduce the number of borrower failures that result in liquidation. Borrowers who have difficulty keeping their accounts current may be eligible for one or more available servicing options including: Payment assistance; delinquency workout agreements that temporarily modify payment terms; protective advances of funds for taxes, insurance, and other approved costs; and payment moratoriums. Subject to the availability of funds and Agency priorities, refinancing may be available as a special servicing option in accordance with § 3550.52(c).
[87 FR 6773, Feb. 7, 2022]