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HUD/HUDSEC

RIN: 2501-AD26

Publication ID: Fall 2008

Title: Mortgagee Review Board (FR-5082)
Abstract: This rule would make changes to the Department's Mortgagee Review Board regulations to reflect statutory directives and amend current practice. This rule would modify the procedures governing sanction hearings to allow matters to move to the hearing officer directly, rather than by referral of the hearing official. The rule would also remove the requirements that the Board approve any action or suspension or debarment. Additional revisions proposed by this rule would remove provisions that unnecessarily duplicate the authorizing statute and would clarify the authority and duties of the Board in taking administrative action against FHA-approved mortgagees. This rule would separate and clarify the grounds for administrative action and the factors considered by the Board in evaluating whether to take administrative action, as well as require the mortgagee to address these factors in its response to the Board's notice of violation.
Agency: Department of Housing and Urban Development(HUD)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 24 CFR 25
Legal Authority: 12 USC 1708(c) 12 USC 1708(d) 12 USC 1709(s) 12 USC 1715b 12 USC 1735f-14

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/28/2008	73 FR 16605
NPRM Comment Period End	05/27/2008
Final Rule	10/10/2008	73 FR 60538
Final Action Effective	11/10/2008

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