Washington Report

Advocacy Updates from Washington D.C.

USDA Home Loan Technology Fee

On January 1, 2020 the U.S. Department of Agriculture (USDA) Rural Housing Service will begin to assess and collect a one-time $25 technology fee from lenders on each closed loan in the Section 502 single family guaranteed loan program. The fee will be used to improve USDA's technological capabilities in order to improve the guaranteed loan program's delivery and reduce burdens.

USDA is able to assess this fee under The Housing Opportunity Through Modernization Act of 2016 (HOTMA). NAR was a major advocate of HOTMA, which was signed into law on July 29, 2016.

Federal Register Notice of USDA Technology Fee