RIN Data
HUD/OH | RIN: 2502-AJ17 | Publication ID: Spring 2013 |
Title: ●Federal Housing Administration (FHA): Handling Prepayments: Elimination Post-Settlement Interest Charges (FR-5360) | |
Abstract: HUD's current regulations for the Federal Housing Administration (FHA) single family mortgage insurance programs allow mortgagees to charge borrowers interest due for the entire month should prepayment occur on a date other than the installment due date, subject to certain notice requirements to the mortgagor (see 24 CFR 203.558). This proposed rule would eliminate the option provided to FHA-approved mortgagees to charge prepaying mortgagors post-settlement interest payments in the FHA's single family mortgage insurance program. | |
Agency: Department of Housing and Urban Development(HUD) | Priority: Other Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 24 CFR 203 | |
Legal Authority: 12 USC 1701z-11(e), 1709(c)(1), 1713 and 1715(b) |
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: Patricia J. McClung Acting Office of Single Family Programs, Office of Housing Department of Housing and Urban Development Office of Housing 451 7th Street SW., Washington, DC 20410 Phone:202 708-2121 |