Congress states applications should be decided within 90 days, and a report follows
What the document says“It is the sense of Congress, not later than 90 days after the date on which the Secretary of Agriculture receives an application for a loan, grant, or combined loan and grant under section 502 or 504 of the Housing Act of 1949 (42 U.S.C. 1472, 1474), the Secretary of Agriculture should--”
The section states the sense of Congress that within 90 days of receiving an application under section 502 or 504 of the Housing Act of 1949 the Secretary of Agriculture should review it, complete the underwriting, decide eligibility, and notify the applicant. It requires an annual report to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services on how timely those determinations are, with reasons for any taking longer than 90 days and recommendations to shorten the timeline, until the Secretary has met the 90-day mark on every determination over a five-year period.
What the document actually says“It is the sense of Congress, not later than 90 days after the date on which the Secretary of Agriculture receives an application for a loan, grant, or combined loan and grant under section 502 or 504 of the Housing Act of 1949 (42 U.S.C. 1472, 1474), the Secretary of Agriculture should--”
Congress states its view about how fast the farm agency should act. It covers applications for two kinds of rural housing help. The mark is 90 days from the day the form arrives.
A sense of Congress states an aim rather than a rule. The report that follows is a rule. It runs each year until the mark is met for five years.
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