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FHFA RIN: 2590-AB30 Publication ID: Fall 2023 
Title: Exception to Restrictions on Private Transfer Fee Covenants for Loans Meeting Certain Duty to Serve Shared Equity Loan Program Requirements 

The proposed rule would amend the Private Transfer Fees (PTF) Regulation, which restricts the regulated entities--the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks--from purchasing, investing in, accepting as collateral, or otherwise dealing in mortgages on properties encumbered by certain types of private transfer fee covenants (PTFCs) and in certain related securities, subject to certain exceptions. The amendments would establish an additional exception to the restriction on PTFCs for shared equity loans purchased by the regulated entities, and for shared equity loans that meet certain shared equity loan program requirements established in FHFA’s Duty to Serve Underserved Markets Regulation.

Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1228   
Legal Authority: 12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526    12 U.S.C. 4616 to 12 U.S.C. 4617    12 U.S.C. 4631   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/26/2023  88 FR 65827   
NPRM Comment Period End  11/27/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:;   Public Comment URL:;  
RIN Data Printed in the FR: No 
Agency Contact:
Ted Wartell
Associate Director, Office of Housing and Community Investment, DHMG
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3157

Sara Todd
Assistant General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3527