Director, Office of Single Family Asset Management, Office of Housing

2502-AJ17 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Federal Housing Administration (FHA): Handling Prepayments: Elimination Post-Settlement Interest Charges (FR-5360)

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 rule eliminates the option provided to FHA-approved mortgagees to charge prepaying mortgagors post-settlement interest payments in the FHA's single family mortgage insurance program.

]]> Other Significant Previously Published in The Unified Agenda Completed Actions No No 24 CFR 203 12 USC 1701z-11(e), 1709(c)(1), 1713 and 1715(b) No NPRM 03/13/2014 79 FR 14200 Deadline for Comment 05/12/2014 Final Rule 08/26/2014 79 FR 50835 No No None No No No No Ivery Himes Director, Office of Single Family Asset Management, Office of Housing 2502 Office of Housing OH 202 708-1672 451 Seventh Street SW, Washington DC 20410