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| HUD/OH | RIN: 2502-AI64 | Publication ID: Fall 2008 |
| Title: Principal-Authorized Agent Originations (FR-5175) | |
| Abstract: This proposed rule would eliminate the requirement in authorized agent transactions for the loan to close in the name of the principal mortgagee. This proposed rule would align FHA practice with that of the conventional lending industry and would allow loans to close in the name of either the principal or the agent mortgagee. | |
| Agency: Department of Housing and Urban Development(HUD) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 24 CFR 202.3 | |
| Legal Authority: 12 USC 1703, 1709, 1715b 42 USC 3535(d) | |
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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 | |
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Agency Contact: Joy Hadley Director, Office of Lender Activities and Program Compliance Department of Housing and Urban Development Office of Housing 451 7th Street SW, Washington, DC 20410 Phone:202 402-8214 |
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