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    <RIN_INFO>
        <RIN>2502-AI66</RIN>
        <PUBLICATION>
            <PUBLICATION_ID>200904</PUBLICATION_ID>
            <PUBLICATION_TITLE>Unified Agenda of Federal Regulatory and Deregulatory Actions</PUBLICATION_TITLE>
        </PUBLICATION>
        <AGENCY>
            <CODE>2502</CODE>
            <NAME>Office of Housing</NAME>
            <ACRONYM>OH</ACRONYM>
        </AGENCY>
        <PARENT_AGENCY>
            <CODE>2500</CODE>
            <NAME>Department of Housing and Urban Development</NAME>
            <ACRONYM>HUD</ACRONYM>
        </PARENT_AGENCY>
        <RULE_TITLE>Home Equity Conversion Mortgages (HECM) Amendment to Accrued Interest and Removal of Shared Appreciation Interest and Shared Premium Insurance Option (FR-5177)

</RULE_TITLE>
        <ABSTRACT><![CDATA[This proposed rule would amend the regulations governing the Home Equity Conversion Mortgage Program for the purpose of restoring the borrowers liability for accrued interest under a first HECM mortgage.  The proposed rule also would allow interest to continue accruing, except as to the defaulting mortgagee, on the outstanding balance owed under a first mortgage after HUD exercises its demand assignment authority and begins to issue payments to the mortgagor under the second mortgage.  These proposed amendments are designed to avoid penalizing innocent investors because a mortgagee has defaulted on its obligation.  This proposed rule would also remove the shared appreciation interest and the shared premium option from the HECM program.  This option has rarely, if ever been used and HUD is proposing to streamline its regulations by removing it.]]></ABSTRACT>
        <PRIORITY_CATEGORY>Substantive, Nonsignificant</PRIORITY_CATEGORY>
        <RIN_STATUS>Previously Published in The Unified Agenda</RIN_STATUS>
        <RULE_STAGE>Proposed Rule Stage</RULE_STAGE>
        <MAJOR>No</MAJOR>
        <UNFUNDED_MANDATE_LIST>
            <UNFUNDED_MANDATE>No</UNFUNDED_MANDATE>
        </UNFUNDED_MANDATE_LIST>
        <CFR_LIST>
            <CFR>24 CFR 206.23 24 CFR  206.107</CFR>
            <CFR>24 CFR 206.109</CFR>
            <CFR>24 CFR 206.121</CFR>
            <CFR>24 CFR 203.123</CFR>
            <CFR>24 CFR 206.129</CFR>
            <CFR>...</CFR>
        </CFR_LIST>
        <LEGAL_AUTHORITY_LIST>
            <LEGAL_AUTHORITY>12 USC 1715b</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>12 USC 1715z to 1720</LEGAL_AUTHORITY>
            <LEGAL_AUTHORITY>42 USC 3535(d)</LEGAL_AUTHORITY>
        </LEGAL_AUTHORITY_LIST>
        <LEGAL_DLINE_LIST/>
        <RPLAN_ENTRY>No</RPLAN_ENTRY>
        <TIMETABLE_LIST>
            <TIMETABLE>
                <TTBL_ACTION>NPRM</TTBL_ACTION>
                <TTBL_DATE>09/00/2009</TTBL_DATE>
            </TIMETABLE>
        </TIMETABLE_LIST>
        <RFA_REQUIRED>No</RFA_REQUIRED>
        <GOVT_LEVEL_LIST>
            <GOVT_LEVEL>None</GOVT_LEVEL>
        </GOVT_LEVEL_LIST>
        <FEDERALISM>No</FEDERALISM>
        <PRINT_PAPER>No</PRINT_PAPER>
        <INTERNATIONAL_INTEREST>No</INTERNATIONAL_INTEREST>
        <AGENCY_CONTACT_LIST>
            <CONTACT>
                <FIRST_NAME>Erica</FIRST_NAME>
                <LAST_NAME>Jessup</LAST_NAME>
                <TITLE>Housing Program Policy Specialist, Office of Single Family Program Development</TITLE>
                <AGENCY>
                    <CODE>2502</CODE>
                    <NAME>Office of Housing</NAME>
                    <ACRONYM>OH</ACRONYM>
                </AGENCY>
                <PHONE>202 402-5394</PHONE>
                <MAILING_ADDRESS>
                    <STREET_ADDRESS>451 7th Street SW.,</STREET_ADDRESS>
                    <CITY>Washington</CITY>
                    <STATE>DC</STATE>
                    <ZIP>20410-0001</ZIP>
                </MAILING_ADDRESS>
            </CONTACT>
        </AGENCY_CONTACT_LIST>
    </RIN_INFO>
</REGINFO_RIN_DATA>
