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HUD/OH RIN: 2502-AJ26 Publication ID: Fall 2014 
Title: ●Federal Housing Administration (FHA): Standardizing Method of Payment for FHA Insurance Claims (FR-5805) 
Abstract:

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.

 
Agency: Department of Housing and Urban Development(HUD)  Priority: Substantive, Nonsignificant 
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, 207, 220, 221, 232, 235 and 241     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2014 
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:
Sivert Ritchie
Multifamily Housing Claims Branch, Office of Multifamily Housing
Department of Housing and Urban Development
Office of Housing
451 7th Street, SW,
Washington, DC 20410
Phone:202 402-3266