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HUD/OH RIN: 2502-AI97 Publication ID: Spring 2011 
Title: ●Emergency Homeowners' Loan Program 
Abstract: This interim rule reinstates, with certain modifications, regulations that HUD published in 1975 to serve as the framework by which emergency relief may be provided to homeowners experiencing temporary involuntary loss of employment or underemployment resulting in a substantial reduction in income due to adverse economic conditions and consequently are financially unable to make full mortgage payments. These regulations were promulgated following enactment of the Emergency Homeowners' Relief Act of 1975. Although the 1975 regulations were quickly put in place, they were not utilized, and HUD eventually removed the regulations from the Code of Federal Regulations in 1995. The Dodd-Frank Wall Street Reform and Consumer Protection Act reauthorized the 1975 statute, with certain amendments, and made $1 billion available for this 1975 program commencing Fiscal Year 2011. Accordingly, HUD is reinstating the regulations for the program, under the title of the Emergency Homeowners' Loan program, with such modifications as necessary to mirror the statutory changes to the Emergency Homeowners' Relief Act of 1975 made by the Dodd-Frank Wall Street Reform and Consumer Protection Act, including adding medical conditions as a cause of the homeowner's unemployment or underemployment, reflect transactions that occur and terminology that is used in the mortgage market of today, and make such other changes to achieve the statutory direction to make funding immediately available for emergency mortgage assistance 
Agency: Department of Housing and Urban Development(HUD)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 24 CFR 2700   
Legal Authority: 12 USC 2707    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  06/00/2011    
NPRM  12/00/2011    
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:
Ruth Roman
Office of Housing Counseling, Office of Housing
Department of Housing and Urban Development
Office of Housing
451 7th Street SW.,
Washington, DC 20410-0001
Phone:202 708-0317