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FHFA RIN: 2590-AB47 Publication ID: Spring 2025 
Title: Reinstatement of Grandfather Exception to Restrictions on Private Transfer Fee Covenants 
Abstract:

The proposed rule is withdrawn.  This proposed rule would have amended the existing Private Transfer Fee Covenants (PTFC) Regulation, which restricts FHFA’s regulated entities, the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises), and the Federal Home Loan Banks (Banks) from purchasing, investing in, accepting as collateral, or otherwise dealing in mortgages on properties encumbered by certain types of PTFCs, or related securities, subject to certain exceptions. The proposed rule would have reinstated the grandfather exception to the PTFC Rule’s applicability that was removed inadvertently by FHFA’s March 12, 2024 final rule amending the PTFC Regulation.  

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Independent agency 
CFR Citation: 12 CFR 1228.3   
Legal Authority: 12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526    12 U.S.C. 4565    12 U.S.C. 4616    12 U.S.C. 4617    12 U.S.C. 4631    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Withdrawn  04/07/2025 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: http://www.fhfa.gov; www.regulations.gov   Public Comment URL: http://www.fhfa.gov; www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Sara Todd
Assistant General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3527
Email: sara.todd@fhfa.gov