View Full Version : REA CO-OP Tier Level
11-05-2006, 10:27 PM
Can anyone tell me what the suggested TIER level is that RUS mandates to CO-OPS ? Also how long can you go being below the minimum level and what actions could be taken by RUS to correct the situation ? Thanks, Bear
11-10-2006, 04:47 AM
4.0 and below
11-15-2006, 03:22 PM
Minimum tier is 1.5, if you are below this two consecutive years the Coop is in violation of thier mortgage with RUS for any and all outstanding loans. What RUS does about that is only limited by how pissed the Regional RUS office is with the the individual Coop. I have heard of Federally mandated rate increases, an audit by the FBI and GAO for fradulent practices, or if the Coop could justify the problem (such as major hurricanes two years running) then RUS just sent them a letter putting them on notice.
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