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HUD/OH RIN: 2502-AJ66 Publication ID: Fall 2023 
Title: Modernization of Engagement With Single Family Mortgagors in Default (FR-6353) 
Abstract:

The proposed rule would modernize HUD’s regulations that require a face-to-face interview with mortgagors in default by updating the regulations to recognize advances in technology and align with borrower engagement preferences while preserving consumer protections. The proposed rule would amend the regulation to allow mortgagees to employ alternative methods (e.g., telephone and video conferencing) to conduct meetings with borrowers prior to foreclosure. Because FHA is providing additional flexibility to mortgagees in conducting meetings with the borrower, this rule would also propose to eliminate the exemption that mortgagees are not required to conduct a meeting when the mortgaged property is not within 200 miles of the mortgagee, its servicer, or a branch office of either. This proposed rule would not affect the existing face-to-face requirement for the section 248 program.

 
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 203   
Legal Authority: 12 U.S.C. 1707, 1709, 1710, 1715b, 1715z-16    1715u, and 1715z-21    15 U.S.C. 1639c    42 U.S.C. 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/31/2023  88 FR 49392   
NPRM Comment Period End  09/29/2023 
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:
Elissa Saunders
Director, Office of Single Family Asset Management
Department of Housing and Urban Development
Office of Housing
451 7th Street SW,
Washington, DC 20410
Phone:202 708-1672