The Rural Business-Cooperative Service, Rural Housing Service, and Rural Utilities Service in the Department of Agriculture announced a correction to a previous document about loan guarantee rates and fees for fiscal year 2021. The correction added missing details specific to Alaska and clarified when certain fee payments begin. The original notice was issued on September 1, 2020, and the correction updates it to include all necessary information.
Simple Explanation
The government realized they forgot to include special rules for Alaska and some fee details in their loan guide, so they fixed it to make sure everyone knows the right information.