2502-AJ26 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): Standardizing Method of Payment for FHA Insurance Claims (FR-5805)

This proposed rule is a cost-savings measure to update HUD's regulations regarding the payment of FHA insurance claims in debentures. Section 520(a) of the National Housing Act affords the Secretary discretion to pay insurance claims in cash or debentures. Although HUD has given mortgagees the option to elect payment of FHA insurance claims in debentures in some sections of HUD's regulations, HUD has not paid an FHA insurance claim under these regulations using debentures in approximately 10 years. This proposed rule would amend applicable FHA regulations to bring consistency in determining the method of payment for FHA insurance claims.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage No No 24 CFR 203, 207, 220, 221, 232, 235 and 241 42 USC 3535(d) No NPRM 12/00/2014 No No None No No No No Sivert Ritchie Multifamily Housing Claims Branch, Office of Multifamily Housing 2502 Office of Housing OH 202 402-3266 451 7th Street, SW, Washington DC 20410