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HUD/OH RIN: 2502-AJ63 Publication ID: Fall 2023 
Title: Revision of Mortgagee Branch Registration Requirements (FR-6321) 

HUD’s regulations currently require approved Mortgagees to register all branch offices that conduct FHA business with the Department in order to originate mortgages or submit applications for mortgage insurance in accordance with 24 CFR 202.5(k).  The rule amends the requirement to register all branches that originate mortgages and/or submit applications for insurance.  Additionally, Mortgagees are currently assessed application and annual fees for each authorized branch per 24 CFR 202.5(i).  This rule clarifies that the Department will continue to assess application and annual fees for registered branches.  This final rule will allow FHA to align its policy and business practices with the current mortgage industry business model that is geared toward remote practice.  Mortgagees will remain fully responsible for the actions of their staff and the quality of the insured mortgages. 

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 
CFR Citation: 24 CFR 202.5(k)    24 CFR 202.5(i)   
Legal Authority: 12 U.S.C. 1703, 12 U.S.C. 1709    12 U.S.C. 1735f-11, 42 U.S.C. 3535(d)   
Legal Deadline:  None
Action Date FR Cite
NPRM  03/01/2023  88 FR 12906   
NPRM Comment Period End  05/01/2023 
Final Action  01/00/2024 
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:
Joy Hadley
Director, Office of Lender Activities and Program Compliance
Department of Housing and Urban Development
Office of Housing
451 7th Street SW,
Washington, DC 20410
Phone:202 402-8214