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HUD/OH | RIN: 2502-AJ03 | Publication ID: Fall 2017 |
Title: Streamlining FHA SF Mortgage Insurance: Removal of the Inspector Roster (FR-5457) | |
Abstract:
This rule streamlines the inspection requirements for FHA single family mortgage insurance. This rule removes the regulations for the FHA Inspector Roster (Roster). The Roster is a list of inspectors selected by FHA as eligible to determine if the construction quality of a one- to four-unit property is acceptable as security for an FHA-insured loan. HUD's regulations currently require the use of an inspector from the Roster as a condition for FHA mortgage insurance. HUD's removal of the Roster regulations is based on the recognition of the sufficiency and quality of inspections carried out by local jurisdictions.
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Agency: Department of Housing and Urban Development(HUD) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Deregulatory | |
CFR Citation: 24 CFR 200 24 CFR 203 | |
Legal Authority: 12 U.S.C. 1702 to 1715z-21 42 U.S.C. 3535(d) |
Legal Deadline:
None |
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Timetable:
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Additional Information: Includes Retrospective Review under Executive Order 13563. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
Public Comment URL: www.regulations.gov/searchResults?rpp=25&po=0&s=FR-5457&fp=true&ns=true | |
RIN Data Printed in the FR: No | |
Related RINs: Split from 2502-AJ40 | |
Agency Contact: Elissa Saunders Director, Office of Single Family Program Development Department of Housing and Urban Development Office of Housing 451 7th Street SW, Washington, DC 20410 Phone:202 708-1672 |