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RD requires an audit that consists of two components: a financial statement audit of the entity and a compliance audit of the entitys major RD programs. The audit must be performed in ance with generally accepted auditing standards (GAAS) and generally accepted government auditing standards (GAGAS). Audit Program - USDA Rural Development usda.gov files auditprogram usda.gov files auditprogram
The Census Bureau defines rural as any population, housing, or territory not in an urban area. This definition is closely tied to its urban definition, of which there are two geographical types: Urbanized Areas have a population of 50,000 or more. Urban Clusters have a population between 2,500 and 50,000. What is Rural? - National Agricultural Library - USDA usda.gov what-is-rural usda.gov what-is-rural
USDA Audit for Facilities that Handle, Distribute, and/or Process Food. The Plant Systems Audit (PSA) program provides an unbiased, third party audit of a facilitys food safety and quality systems.
What is the minimum credit score for a USDA loan? Approved USDA loan lenders typically require a minimum credit score of at least 640 to get a USDA home loan. However, the USDA doesnt have a minimum credit score, so borrowers with scores below 640 may still be eligible for a USDA-backed mortgage.
Generally, you must have no late payments or collections in your credit history within 12 months prior to your application for a USDA loan.
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There must be a minimum of 2 tradelines with a 12 month history to validate a credit score. Tradelines can be open, closed, and/or paid in full. Eligible tradelines can include but are not limited to: secured and unsecured loans, revolving accounts, installment loans, credit cards, collections, and charge off accounts.

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