80 FR 51466 - Federal Housing Administration (FHA): Standardizing Method of Payment for FHA Insurance Claims
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Federal Register Volume 80, Issue 164 (August 25, 2015)
Federal Register Volume 80, Issue 164 (August 25, 2015)
| Page Range | 51466-51469 | |
| FR Document | 2015-20827 |
[Federal Register Volume 80, Number 164 (Tuesday, August 25, 2015)] [Rules and Regulations] [Pages 51466-51469] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-20827] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Parts 203, 207, 220, 221, 232, 236 and 241 [Docket No. FR-5805-F-02] RIN 2502-AJ26 Federal Housing Administration (FHA): Standardizing Method of Payment for FHA Insurance Claims AGENCY: Office of the Assistant Secretary for Housing-Federal Housing Commissioner, HUD. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: This final rule is a cost-savings measure to update HUD's regulations regarding the payment of FHA insurance claims in debentures. Section 520(a) of the National Housing Act grants the Secretary discretion to pay insurance claims in cash or debentures. Although some sections of HUD's regulations have provided mortgagees the option to elect payment of FHA insurance claims in debentures, HUD has not paid an FHA insurance claim in debentures under these regulations in approximately 5 years. This final rule amends applicable FHA regulations to bring consistency in determining the method of payment for FHA insurance claims. This final rule follows publication of the February 20, 2015, proposed rule and adopts the proposed rule without change. DATES: Effective Date: September 24, 2015. FOR FURTHER INFORMATION CONTACT: For information about: HUD's Single Family Housing program, contact Ivery Himes, Director, Office of Single Family Asset Management, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW., Room 9172, Washington, DC 20410; telephone number 202-708-1672; HUD's Multifamily Housing program, contact Sivert Ritchie, Multifamily Claims Branch, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW., Room 6252, Washington, DC 20410-8000; telephone number 202-708-2510. The telephone numbers listed above are not toll-free numbers. Persons with hearing or speech impairments may access these numbers through TTY by calling the Federal Relay Service at 800-877-8339 (this is a toll-free number). SUPPLEMENTARY INFORMATION: I. Background--the February 20, 2015, Proposed Rule On February 20, 2015, HUD published a rule in the Federal Register, at 80 FR [[Page 51467]] 9253, proposing to bring consistency and uniformity to the payment of FHA insurance claims among FHA programs. Under section 520(a) of the National Housing Act, the Secretary has the discretion to pay insurance claims in either cash or debentures.\1\ HUD pursued this proposed rule because some of FHA's regulations provided mortgagees with the ability to request and receive payment of an insurance claim on a loan insured under the National Housing Act in debentures. As a result of these regulations, HUD was required to maintain an interagency agreement with the United States Department of the Treasury (Treasury), which is the agency responsible for issuing and servicing debentures, costing HUD over $206,000 per year, despite the fact that there are no current debentures being serviced by Treasury for HUD, and HUD has not paid an FHA insurance claim in debentures in approximately 5 years. --------------------------------------------------------------------------- \1\ 12 U.S.C. 1735d. --------------------------------------------------------------------------- The February 20, 2015, rule proposed amending FHA's regulations to bring uniformity and consistency in the payment of FHA insurance claims among FHA programs in the following sections: Sec. Sec. 203.400, 203.476, 203.478, 207.259, 220.751, 220.760, 220.822, 221.762, 232.885, 236.265, 241.261, 241.885, and 241.1205. As a result of these changes, Sec. 220.760 was proposed to be removed because it was unnecessary. Please see the February 20, 2015, proposed rule for a more detailed description of the proposed changes. II. This Final Rule The public comment period for the proposed rule closed on April 21, 2015, and HUD did not receive any public comments. As a result, this final rule adopts the proposed rule without change. III. Findings and Certifications Regulatory Review--Executive Order 13563 Executive Order 13563 (Improving Regulations and Regulatory Review) directs executive agencies to analyze regulations that are ``outmoded, ineffective, insufficient, or excessively burdensome, and to modify, streamline, expand, or repeal them in accordance with what has been learned.'' Executive Order 13563 also directs that, where relevant, feasible, and consistent with regulatory objectives, and to the extent permitted by law, agencies are to identify and consider regulatory approaches that reduce burdens and maintain flexibility and freedom of choice for the public. Consistent with Executive Order 13563, the purposes of the reform to FHA's regulations regarding Secretarial discretion of the type of FHA insurance claim payment are to eliminate unnecessary spending and to bring consistency regarding the payment of insurance claims across FHA programs. As discussed in the preamble, the interagency agreement with Treasury costs HUD over $206,000 per year, even though HUD currently does not have any debentures for payment of FHA insurance claims in circulation, and has not made a payment in debentures in approximately 5 years for these insurance claims. In addition, different FHA programs treat payment of FHA insurance claims differently, and this final rule simplifies the regulations so that the authority to determine the method of claim payment rests with the Secretary who can determine whether it is fiscally prudent to offer FHA insurance claim payments in debentures, cash, or both. Regulatory Flexibility Act The Regulatory Flexibility Act (RFA) (5 U.S.C. 601 et seq.) generally requires an agency to conduct a regulatory flexibility analysis of any rule subject to notice and comment rulemaking requirements, unless the agency certifies that the rule will not have a significant economic impact on a substantial number of small entities. This final rule only changes the party which has the authority to determine the method of payment of FHA single family, multifamily, and healthcare insurance claims. Accordingly, the undersigned certifies that this final rule will not have a significant economic impact on a substantial number of small entities. Environmental Impact This final rule does not direct, provide for assistance or loan and mortgage insurance for, or otherwise govern or regulate the following: real property acquisition, disposition, leasing, rehabilitation, alteration, demolition, or new construction. Furthermore, the rule does not establish, revise, or provide for standards for construction or construction materials, manufactured housing, or occupancy. Accordingly, under 24 CFR 50.19(c)(1), this final rule is categorically excluded from environmental review under the National Environmental Policy Act of 1969 (42 U.S.C. 4321). Executive Order 13132, Federalism Executive Order 13132 (entitled ``Federalism'') prohibits an agency from publishing any rule that has federalism implications if the rule either (i) imposes substantial direct compliance costs on State and local governments and is not required by statute or (ii) preempts State law, unless the agency meets the consultation and funding requirements of section 6 of the Executive order. This final rule does not have federalism implications and does not impose substantial direct compliance costs on State and local governments or preempt State law within the meaning of the Executive order. Unfunded Mandates Reform Act Title II of the Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1531-1538) (UMRA) establishes requirements for Federal agencies to assess the effects of their regulatory actions on State, local, and tribal governments and on the private sector. This final rule does not impose any Federal mandates on any State, local, or tribal governments or on the private sector, within the meaning of the UMRA. Paperwork Reduction Act This final rule reduces information collection requirements already submitted to the Office of Management and Budget (OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520). In accordance with the Paperwork Reduction Act, an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection displays a currently valid OMB control number. Catalog of Federal Domestic Assistance The Catalog of Federal Domestic Assistance number for Mortgage Insurance-Homes is 14.117; Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities is 14.129; Mortgage Insurance-Rental Housing is 14.134; and Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing Projects is 14.155. List of Subjects 24 CFR Part 203 Hawaiian Natives, Home improvement, Indians--lands, Loan programs-- housing and community development; Mortgage insurance; Reporting and recordkeeping requirements; Solar energy. 24 CFR Part 207 Manufactured homes, Mortgage insurance, Reporting and recordkeeping requirements, Solar energy. [[Page 51468]] 24 CFR Part 220 Home improvement, Loan programs--housing and community development, Mortgage insurance, Reporting and recordkeeping requirements, Urban renewal. 24 CFR Part 221 Low and moderate income housing, Mortgage insurance, Reporting and recordkeeping requirements. 24 CFR Part 232 Fire prevention, Health facilities, Loan programs--health, Loan programs--housing and community development, Mortgage insurance, Nursing homes, Reporting and recordkeeping requirements. 24 CFR Part 236 Grant programs--housing and community development, Low and moderate income housing, Mortgage insurance, Rent subsidies, Reporting and recordkeeping requirements. 24 CFR Part 241 Home improvement, Loan programs--housing and community development, Mortgage insurance, Reporting and recordkeeping requirements, Solar energy. Accordingly, for the reasons stated above, HUD amends 24 CFR parts 203, 207, 220, 221, 232, 236, and 241 as follows: PART 203--SINGLE FAMILY MORTGAGE INSURANCE 0 1. The authority citation for part 203 is revised to read as follows: Authority: 12 U.S.C. 1709, 1710, 1715b, 1715z-16, 1715u, 1717z-21, and 1735d; 15 U.S.C. 1639c; 42 U.S.C. 3535(d). 0 2. Revise Sec. 203.400 to read as follows: Sec. 203.400 Method of payment. (a) If the application for insurance benefits is acceptable to the Commissioner, payment of the insurance claim shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment. (b) An insurance claim paid on a mortgage insured under section 223(e) of the National Housing Act shall be paid in cash from the Special Risk Insurance Fund. 0 3. Revise Sec. 203.476(g) to read as follows: Sec. 203.476 Claim application and items to be filed. * * * * * (g) All property of the borrower held by the lender or to which it is entitled and, if the Commissioner elects to make payments in debentures, all cash held by the lender or to which it is entitled, including deposits made for the account of the borrower and which have not been applied in reduction of the principal loan indebtedness; * * * * * 0 4. Revise Sec. 203.478(c) to read as follows: Sec. 203.478 Payment of insurance benefits. * * * * * (c) Method of payment. Payment of an insurance claim shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment. * * * * * PART 207--MULTIFAMILY HOUSING MORTGAGE INSURANCE 0 5. The authority citation for part 207 is revised to read as follows: Authority: 12 U.S.C. 1701z-11(e), 1709(c)(1), 1713, 1715(b), and 1735d; 42 U.S.C. 3535(d). 0 6. Amend Sec. 207.259 by revising paragraph (a), to read as follows: Sec. 207.259 Insurance Benefits. (a) Method of payment. (1) Upon either an assignment of the mortgage to the Commissioner or a conveyance of the property to the Commissioner in accordance with requirements in Sec. 207.258, payment of an insurance claim shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment. (2) An insurance claim paid on a mortgage insured under section 223(e) of the National Housing Act shall be paid in cash from the Special Risk Insurance Fund. * * * * * PART 220--MORTGAGE INSURANCE AND INSURED IMPROVEMENT LOANS FOR URBAN RENEWAL AND CONCENTRATED DEVELOPMENT 0 7. The authority citation for part 220 is revised to read as follows: Authority: 12 U.S.C. 1713, 1715b, 1715k, and 1735d; 42 U.S.C. 3535(d). 0 8. Revise Sec. 220.751(a) to read as follows: Sec. 220.751 Cross-reference. (a) All of the provisions of subpart B, part 207, of this chapter, covering mortgages insured under section 207 of the National Housing Act, apply with full force and effect to multifamily project mortgages insured under section 220 of the National Housing Act, except Sec. 207.256b Modification of mortgage terms. * * * * * Sec. 220.760 [Removed] 0 9. Remove Sec. 220.760. Sec. 220.822 [Amended] 0 10. In Sec. 220.822 remove and reserve paragraph (b). PART 221--LOW COST AND MODERATE INCOME MORTGAGE INSURANCE--SAVINGS CLAUSE 0 11. The authority citation for part 221 is revised to read as follows: Authority: 12 U.S.C. 1715b, 1715l, and 1735d; 42 U.S.C. 3535(d). Sec. 221.762 [Amended] 0 12. In Sec. 221.762 remove and reserve paragraph (a). PART 232--MORTGAGE INSURANCE FOR NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES, AND ASSISTED LIVING FACILITIES 0 13. The authority citation for part 232 is revised to read as follows: Authority: 12 U.S.C. 1715b, 1715w, 1735d, and 1735f-19; 42 U.S.C. 3535(d). 0 14. Revise Sec. 232.885(a) to read as follows: Sec. 232.885 Insurance benefits. (a) Method of payment. Payment of an insurance claim shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment. * * * * * PART 236--MORTGAGE INSURANCE AND INTEREST REDUCTION PAYMENT FOR RENTAL PROJECTS 0 15. The authority citation for part 236 is revised to read as follows: Authority: 12 U.S.C. 1715b, 1715z-1, and 1735d; 42 U.S.C. 3535(d). Sec. 236.265 [Amended] 0 16. In Sec. 236.265, remove and reserve paragraph (a). PART 241--SUPPLEMENTARY FINANCING FOR INSURED PROJECT MORTGAGES 0 17. The authority citation for part 241 is revised to read as follows: [[Page 51469]] Authority: 12 U.S.C. 1715b, 1715z-6, and 1735d; 42 U.S.C. 3535(d). 0 18. Revise Sec. 241.261 to read as follows: Sec. 241.261 Payment of insurance benefits. All of the provisions of Sec. 207.259 of this chapter relating to insurance benefits shall apply to multifamily loans insured under this subpart. 0 19. Revise Sec. 241.885(a) to read as follows: Sec. 241.885 Insurance benefits. (a) Method of payment. Payment of insurance claims shall be made in cash, in debentures, or in a combination of both, as determined by the Commissioner either at, or prior to, the time of payment. * * * * * 0 20. Revise Sec. 241.1205 to read as follows: Sec. 241.1205 Payment of insurance benefits. All the provisions of Sec. 207.259 of this chapter relating to insurance benefits shall apply to an equity or acquisition loan insured under subpart F of this part. Dated: August 12, 2015. Edward L. Golding, Principal Deputy, Assistant Secretary for Housing. Approved: August 12, 2015. Nani A. Coloretti, Deputy Secretary. [FR Doc. 2015-20827 Filed 8-24-15; 8:45 am] BILLING CODE 4210-67-P
![51466 Federal Register / Vol. 80, No. 164 / Tuesday, August 25, 2015 / Rules and Regulations
done without intending to relinquish costs of providing each service. The new DEPARTMENT OF HOUSING AND
his/her U.S. nationality. visa fees went into effect on September URBAN DEVELOPMENT
In addition to the time spent 12, 2014. Further details on particular
processing renunciations overseas and fees, including payment options, can be 24 CFR Parts 203, 207, 220, 221, 232,
domestically, the full cost of processing found on the Web site of the embassy 236 and 241
renunciations includes a portion of or consulate where the applicant would [Docket No. FR–5805–F–02]
overhead costs that support consular like to make a visa appointment.
operations overseas per OMB Circular RIN 2502–AJ26
A–25, Revised. These costs include Conclusion
overseas rent and security, information Federal Housing Administration (FHA):
The Department adjusted the fees in Standardizing Method of Payment for
technology equipment, and applicable light of the CoSM’s findings that the
headquarters support. The Consular FHA Insurance Claims
U.S. government was not fully covering
Time Charge of $135 per hour was not its costs for providing these consular AGENCY: Office of the Assistant
used in calculating the cost of a services. Pursuant to OMB guidance, the Secretary for Housing-Federal Housing
renunciation service. The Consular Department endeavors to recover the Commissioner, HUD.
Time Charge is used in conjunction ACTION: Final rule.
cost of providing services that benefit
with other for-fee services listed on the
specific individuals, as opposed to the
Schedule of Fees for Consular Services SUMMARY: This final rule is a cost-
general public. See OMB Circular A–25,
that are provided outside of the office or savings measure to update HUD’s
¶ 6(a)(1), (a)(2)(a). For this reason, the
outside of normal working hours. regulations regarding the payment of
Four comments asserted that the Department has adjusted the Schedule.
FHA insurance claims in debentures.
renunciation should be made more Regulatory Findings Section 520(a) of the National Housing
efficient rather than more costly. A few Act grants the Secretary discretion to
asked if there were ways to reduce For a summary of the regulatory pay insurance claims in cash or
bureaucracy and paperwork to lower the findings and analyses regarding this debentures. Although some sections of
cost of the service. Specifically, one rulemaking, please refer to the findings HUD’s regulations have provided
commenter pointed to the German and analyses published with the interim mortgagees the option to elect payment
renunciation process, which involves an final rule, which can be found at 79 FR of FHA insurance claims in debentures,
online application, mailed certified 51247, which are adopted herein. The HUD has not paid an FHA insurance
copies of certain documents, and no in- rule became effective September 6, claim in debentures under these
person interviews. As described above, 2014. As noted above, the Department regulations in approximately 5 years.
certain legal requirements exist in the has considered the comments submitted This final rule amends applicable FHA
U.S. system, unique to our laws and in response to the interim final rule, and regulations to bring consistency in
jurisprudence, to protect both the does not adopt them. Thus, the rule determining the method of payment for
integrity of the process and the rights of remains in effect. FHA insurance claims. This final rule
those renouncing. The renunciation This proposed rule is not a significant follows publication of the February 20,
process involves significant safeguards regulatory action under section 3(f) of 2015, proposed rule and adopts the
to ensure that the renunciant is a U.S. Executive Order 12866, Regulatory proposed rule without change.
national, fully understands the serious Planning and Review, as supplemented DATES: Effective Date: September 24,
consequences of renunciation, and seeks by Executive Order 13563, Improving 2015.
to renounce voluntarily and Regulation and Regulatory Review, and
intentionally. In short, the FOR FURTHER INFORMATION CONTACT: For
does not require an assessment of
comprehensive process of expatriation information about: HUD’s Single Family
potential costs and benefits under
under U.S. law does not impinge, but Housing program, contact Ivery Himes,
section 6(a)(3) of Executive Order 12866
rather protects, the right of expatriation. Director, Office of Single Family Asset
or under section 1 of Executive Order
Finally, two comments raised Management, Office of Housing,
13563. OMB has not reviewed it under
questions about payment options and Department of Housing and Urban
those Orders. The Department of State
sought clarification on the effective date Development, 451 7th Street SW., Room
has also considered this rule in light of
for the fee change. The new fee for 9172, Washington, DC 20410; telephone
Executive Order 13563, dated January
processing renunciations took effect number 202–708–1672; HUD’s
18, 2011, and affirms that this regulation
September 12, 2014. Payment by credit Multifamily Housing program, contact
is consistent with the guidance therein.
card (at most posts) or cash (in local or Sivert Ritchie, Multifamily Claims
U.S. currency) is accepted at post at the List of Subjects in 22 CFR Part 22 Branch, Office of Housing, Department
time that the oath of renunciation is of Housing and Urban Development,
sworn. Consular services, Fees, Passports, 451 7th Street SW., Room 6252,
In addition to the comments on the and Visas. Washington, DC 20410–8000; telephone
renunciation fee increase, the Accordingly, the interim final rule number 202–708–2510. The telephone
Department also received eight amending 22 CFR part 22, which was numbers listed above are not toll-free
comments about the changes in published in the Federal Register, 79 FR numbers. Persons with hearing or
immigrant and nonimmigrant visa fees. 51247, on August 28, 2014 (Public speech impairments may access these
Most sought clarification on how the Notice 8850), effective September 6, numbers through TTY by calling the
visa fees were changing, which payment 2014, is adopted. Federal Relay Service at 800–877–8339
options are available, and when the new (this is a toll-free number).
Lhorne on DSK5TPTVN1PROD with RULES
Dated: August 10, 2015.
fees will go into effect. One commenter SUPPLEMENTARY INFORMATION:
asserted that the visa fees are set too Patrick F. Kennedy,
low. Under Secretary of State for Management, I. Background—the February 20, 2015,
All tiered immigrant and U.S. Department of State. Proposed Rule
nonimmigrant visa fees addressed in [FR Doc. 2015–21042 Filed 8–24–15; 8:45 am] On February 20, 2015, HUD published
this rulemaking are set to reflect the BILLING CODE 4710–06–P a rule in the Federal Register, at 80 FR
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24 CFR Part 220 (g) All property of the borrower held mortgages insured under section 207 of
Home improvement, Loan programs— by the lender or to which it is entitled the National Housing Act, apply with
housing and community development, and, if the Commissioner elects to make full force and effect to multifamily
payments in debentures, all cash held project mortgages insured under section
Mortgage insurance, Reporting and
by the lender or to which it is entitled, 220 of the National Housing Act, except
recordkeeping requirements, Urban
including deposits made for the account § 207.256b Modification of mortgage
renewal.
of the borrower and which have not terms.
24 CFR Part 221 been applied in reduction of the * * * * *
Low and moderate income housing, principal loan indebtedness;
§ 220.760 [Removed]
Mortgage insurance, Reporting and * * * * *
recordkeeping requirements. ■ 4. Revise § 203.478(c) to read as ■ 9. Remove § 220.760.
follows: § 220.822 [Amended]
24 CFR Part 232
Fire prevention, Health facilities, § 203.478 Payment of insurance benefits. ■ 10. In § 220.822 remove and reserve
Loan programs—health, Loan * * * * * paragraph (b).
programs—housing and community (c) Method of payment. Payment of an
insurance claim shall be made in cash, PART 221—LOW COST AND
development, Mortgage insurance, MODERATE INCOME MORTGAGE
Nursing homes, Reporting and in debentures, or in a combination of
both, as determined by the INSURANCE—SAVINGS CLAUSE
recordkeeping requirements.
Commissioner either at, or prior to, the ■ 11. The authority citation for part 221
24 CFR Part 236 time of payment. is revised to read as follows:
Grant programs—housing and * * * * * Authority: 12 U.S.C. 1715b, 1715l, and
community development, Low and 1735d; 42 U.S.C. 3535(d).
moderate income housing, Mortgage PART 207—MULTIFAMILY HOUSING
insurance, Rent subsidies, Reporting MORTGAGE INSURANCE § 221.762 [Amended]
and recordkeeping requirements. ■ 12. In § 221.762 remove and reserve
■ 5. The authority citation for part 207
24 CFR Part 241 is revised to read as follows: paragraph (a).
Home improvement, Loan programs— Authority: 12 U.S.C. 1701z–11(e), PART 232—MORTGAGE INSURANCE
housing and community development, 1709(c)(1), 1713, 1715(b), and 1735d; 42 FOR NURSING HOMES,
Mortgage insurance, Reporting and U.S.C. 3535(d). INTERMEDIATE CARE FACILITIES,
recordkeeping requirements, Solar ■ 6. Amend § 207.259 by revising BOARD AND CARE HOMES, AND
energy. paragraph (a), to read as follows: ASSISTED LIVING FACILITIES
Accordingly, for the reasons stated
above, HUD amends 24 CFR parts 203, § 207.259 Insurance Benefits. ■ 13. The authority citation for part 232
207, 220, 221, 232, 236, and 241 as (a) Method of payment. (1) Upon is revised to read as follows:
follows: either an assignment of the mortgage to Authority: 12 U.S.C. 1715b, 1715w, 1735d,
the Commissioner or a conveyance of and 1735f–19; 42 U.S.C. 3535(d).
PART 203—SINGLE FAMILY the property to the Commissioner in ■ 14. Revise § 232.885(a) to read as
MORTGAGE INSURANCE accordance with requirements in follows:
§ 207.258, payment of an insurance
■ 1. The authority citation for part 203 claim shall be made in cash, in § 232.885 Insurance benefits.
is revised to read as follows: debentures, or in a combination of both, (a) Method of payment. Payment of an
Authority: 12 U.S.C. 1709, 1710, 1715b, as determined by the Commissioner insurance claim shall be made in cash,
1715z–16, 1715u, 1717z–21, and 1735d; 15 either at, or prior to, the time of in debentures, or in a combination of
U.S.C. 1639c; 42 U.S.C. 3535(d). payment. both, as determined by the
■ 2. Revise § 203.400 to read as follows: (2) An insurance claim paid on a Commissioner either at, or prior to, the
mortgage insured under section 223(e) time of payment.
§ 203.400 Method of payment. of the National Housing Act shall be * * * * *
(a) If the application for insurance paid in cash from the Special Risk
benefits is acceptable to the Insurance Fund. PART 236—MORTGAGE INSURANCE
Commissioner, payment of the * * * * * AND INTEREST REDUCTION
insurance claim shall be made in cash, PAYMENT FOR RENTAL PROJECTS
in debentures, or in a combination of PART 220—MORTGAGE INSURANCE
AND INSURED IMPROVEMENT LOANS ■ 15. The authority citation for part 236
both, as determined by the is revised to read as follows:
Commissioner either at, or prior to, the FOR URBAN RENEWAL AND
time of payment. CONCENTRATED DEVELOPMENT Authority: 12 U.S.C. 1715b, 1715z–1, and
1735d; 42 U.S.C. 3535(d).
(b) An insurance claim paid on a
mortgage insured under section 223(e) ■ 7. The authority citation for part 220
§ 236.265 [Amended]
of the National Housing Act shall be is revised to read as follows:
Authority: 12 U.S.C. 1713, 1715b, 1715k,
■ 16. In § 236.265, remove and reserve
paid in cash from the Special Risk paragraph (a).
Insurance Fund. and 1735d; 42 U.S.C. 3535(d).
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■ 3. Revise § 203.476(g) to read as ■ 8. Revise § 220.751(a) to read as PART 241—SUPPLEMENTARY
follows: follows: FINANCING FOR INSURED PROJECT
MORTGAGES
§ 203.476 Claim application and items to § 220.751 Cross-reference.
be filed. (a) All of the provisions of subpart B, ■ 17. The authority citation for part 241
* * * * * part 207, of this chapter, covering is revised to read as follows:
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Authority: 12 U.S.C. 1715b, 1715z–6, and DATES: This deviation is effective from schedule for the bridge so that vessels
1735d; 42 U.S.C. 3535(d). 6:30 a.m. to 11 a.m. on October 17, can arrange their transits to minimize
■ 18. Revise § 241.261 to read as 2015. any impacts caused by the temporary
follows: ADDRESSES: The docket for this deviation.
deviation, [USCG–2015–0722], is In accordance with 33 CFR 117.35(e),
§ 241.261 Payment of insurance benefits. the drawbridge must return to its regular
available at http://www.regulations.gov.
All of the provisions of § 207.259 of Type the docket number in the operating schedule immediately at the
this chapter relating to insurance ‘‘SEARCH’’ box and click ‘‘SEARCH’’. end of the effective period of this
benefits shall apply to multifamily loans Click on Open Docket Folder on the line temporary deviation. This deviation
insured under this subpart. associated with this deviation. You may from the operating regulations is
■ 19. Revise § 241.885(a) to read as also visit the Docket Management authorized under 33 CFR 117.35.
follows: Facility in Room W12–140 on the Dated: August 19, 2015.
§ 241.885 Insurance benefits. ground floor of the Department of Hal R. Pitts,
Transportation West Building, 1200 Bridge Program Manager, Fifth Coast Guard
(a) Method of payment. Payment of
New Jersey Avenue SE., Washington, District.
insurance claims shall be made in cash,
DC 20590, between 9 a.m. and 5 p.m., [FR Doc. 2015–20912 Filed 8–24–15; 8:45 am]
in debentures, or in a combination of
Monday through Friday, except Federal
both, as determined by the BILLING CODE 9110–04–P
holidays.
Commissioner either at, or prior to, the
FOR FURTHER INFORMATION CONTACT: If
time of payment.
you have questions on this temporary DEPARTMENT OF HOMELAND
* * * * * deviation, call or email Mr. Hal R. Pitts, SECURITY
■ 20. Revise § 241.1205 to read as Bridge Administration Branch Fifth
follows: District, Coast Guard; telephone (757) Coast Guard
§ 241.1205 Payment of insurance benefits. 398–6222, email Hal.R.Pitts@uscg.mil. If
you have questions on viewing the 33 CFR Part 117
All the provisions of § 207.259 of this
docket, call Cheryl Collins, Program [Docket No. USCG–2015–0723]
chapter relating to insurance benefits
Manager, Docket Operations, telephone
shall apply to an equity or acquisition
202–366–9826. Drawbridge Operation Regulations;
loan insured under subpart F of this
part. SUPPLEMENTARY INFORMATION: The North Northeast Cape Fear River,
Carolina Department of Transportation, Wilmington, NC
Dated: August 12, 2015. who owns and operates the S. R. 74
Edward L. Golding, AGENCY: Coast Guard, DHS.
Bridge, has requested a temporary
Principal Deputy, Assistant Secretary for deviation from the current operating ACTION:Notice of deviation from
Housing. regulations set out in 33 CFR drawbridge regulation.
Approved: August 12, 2015. 117.821(a)(4), to facilitate the annual SUMMARY: The Coast Guard has issued a
Nani A. Coloretti, Beach2Battleship Iron and Half-Iron temporary deviation from the operating
Deputy Secretary. Distance Triathlons. schedule that governs the Isabel S.
[FR Doc. 2015–20827 Filed 8–24–15; 8:45 am] Under the normal operating schedule Holmes Bridge across the Northeast
BILLING CODE 4210–67–P
for the S. R. 74 Bridge across the Cape Fear River, mile 1.0, at
Atlantic Intracoastal Waterway, mile Wilmington, NC. This deviation is
283.1, at Wrightsville Beach, NC in 33 necessary to facilitate the annual
CFR 117.821(a)(4); the draw need only Beach2Battleship Iron and Half-Iron
DEPARTMENT OF HOMELAND
open on the hour between 7 a.m. and 7 Distance Triathlons. This deviation
SECURITY
p.m. and open on demand between 7 allows the bridge to remain in the
Coast Guard p.m. and 7 a.m. The bridge has a vertical closed-to-navigation position.
clearance in the closed-to-navigation
DATES: This deviation is effective from
33 CFR Part 117 position of 20 feet above mean high
9:30 a.m. to 6 p.m. on October 17, 2015.
water.
[Docket No. USCG–2015–0722] Under this temporary deviation, the ADDRESSES: The docket for this
bridge will be closed to navigation from deviation, [USCG–2015–0723], is
Drawbridge Operation Regulations; 6:30 a.m. to 11 a.m. on October 17, available at http://www.regulations.gov.
Atlantic Intracoastal Waterway, 2015. The Atlantic Intracoastal Type the docket number in the
Wrightsville Beach, NC Waterway is used by a variety of vessels ‘‘SEARCH’’ box and click ‘‘SEARCH’’.
AGENCY: Coast Guard, DHS. including small commercial fishing Click on Open Docket Folder on the line
vessels and recreational vessels. The associated with this deviation. You may
ACTION:Notice of deviation from
Coast Guard has carefully coordinated also visit the Docket Management
drawbridge regulation.
the restrictions with commercial and Facility in Room W12–140 on the
SUMMARY: The Coast Guard has issued a recreational waterway users. ground floor of the Department of
temporary deviation from the operating Vessels able to pass through the Transportation West Building, 1200
schedule that governs the S. R. 74 bridge in the closed position may do so New Jersey Avenue SE., Washington,
Bridge across the Atlantic Intracoastal at anytime. The bridge will be able to DC 20590, between 9 a.m. and 5 p.m.,
Waterway, mile 283.1, at Wrightsville open for emergencies and there is no Monday through Friday, except Federal
Lhorne on DSK5TPTVN1PROD with RULES
Beach, NC. This deviation is necessary alternate route for vessels unable to pass holidays.
to facilitate the annual Beach2Battleship through the bridge in the closed FOR FURTHER INFORMATION CONTACT: If
Iron and Half-Iron Distance Triathlons. position. The Coast Guard will also you have questions on this temporary
This deviation allows the bridge to inform the users of the waterways deviation, call or email Mr. Hal R. Pitts,
remain in the closed-to-navigation through our Local and Broadcast Notice Bridge Administration Branch Fifth
position. to Mariners of the change in operating District, Coast Guard; telephone (757)
VerDate Sep<11>2014 15:04 Aug 24, 2015 Jkt 235001 PO 00000 Frm 00047 Fmt 4700 Sfmt 4700 E:\FR\FM\25AUR1.SGM 25AUR1](https://thefederalregister.org/doc/80_FR_51630/page/4.svg)
Document Created: 2018-02-23 11:02:48
Document Modified: 2018-02-23 11:02:48
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule. | |
| Dates | Effective Date: September 24, 2015. | |
| Contact | For information about: HUD's Single Family Housing program, contact Ivery Himes, Director, Office of Single Family Asset Management, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW., Room 9172, Washington, DC 20410; telephone number 202-708-1672; HUD's Multifamily Housing program, contact Sivert Ritchie, Multifamily Claims Branch, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW., Room 6252, Washington, DC 20410-8000; telephone number 202-708-2510. The telephone numbers listed above are not toll-free numbers. Persons with hearing or speech impairments may access these numbers through TTY by calling the Federal Relay Service at 800-877-8339 (this is a toll-free number). | |
| FR Citation | 80 FR 51466 | |
| RIN Number | 2502-AJ26 | |
| CFR Citation | 24
CFR
203 24 CFR 207 24 CFR 220 24 CFR 221 24 CFR 232 24 CFR 236 24 CFR 241 | |
| CFR Associated | Hawaiian Natives; Home Improvement; Indians-Lands; Loan Programs-Housing and Community Development; Mortgage Insurance; Reporting and Recordkeeping Requirements; Solar Energy; Manufactured Homes; Mortgage Insurance; Reporting and Recordkeeping Requirements; Solar Energy; Loan Programs-Housing and Community Development; Urban Renewal; Low and Moderate Income Housing; Fire Prevention; Health Facilities; Loan Programs-Health; Nursing Homes; Grant Programs-Housing and Community Development and Rent Subsidies |
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