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HUD/HUDSEC | RIN: 2501-AD23 | Publication ID: Fall 2008 |
Title: Civil Money Penalties: Certain Prohibited Conduct (FR-5081) | |
Abstract: This rule would amend HUDs regulations that govern the imposition of civil money penalties. Specifically, HUD is adding a definition of "ability to pay," which is one of the factors used in determining the appropriateness of any amount of civil money penalties. The revised regulations would also amend the grounds for action against mortgagees and lenders to specifically include failure to comply with indemnification and other agreements with HUD or the Mortgagee Review Board. Additionally, the revised regulation would require respondents, in their responses to the prepenalty notice, to specifically address the factors in determining appropriateness and amount of civil money penalty, described in 24 CFR 30.80. Finally, this rule would make other changes to conform to the authorizing statutes. | |
Agency: Department of Housing and Urban Development(HUD) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 24 CFR 30 | |
Legal Authority: 12 USC 1701q-1 12 USC 1703 12 USC 1723i 12 USC 1735f-14 12 USC 1735f-15 15 USC 1717a 28 USC 2461 note 42 USC 1437z-1 42 USC 3535(d) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Dane Narode Associate General Counsel, Office of Program Enforcement, Office of General Counsel Department of Housing and Urban Development Phone:202 402-3555 |