82_FR_34827 82 FR 34685 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

82 FR 34685 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 82, Issue 142 (July 26, 2017)

Page Range34685-34686
FR Document2017-15668

This Notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under Section 221(g)(4) of the Act during the 6-month period beginning July 1, 2017, is 2\1/4\ percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning July 1, 2017, is 2\7/8\ percent.

Federal Register, Volume 82 Issue 142 (Wednesday, July 26, 2017)
[Federal Register Volume 82, Number 142 (Wednesday, July 26, 2017)]
[Notices]
[Pages 34685-34686]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15668]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6015-N-02]


Mortgage and Loan Insurance Programs Under the National Housing 
Act--Debenture Interest Rates

AGENCY: Office of the Assistant Secretary for Housing, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: This Notice announces changes in the interest rates to be paid 
on debentures issued with respect to a loan or mortgage insured by the 
Federal Housing Administration under the provisions of the National 
Housing Act (the Act). The interest rate for debentures issued under 
Section 221(g)(4) of the Act during the 6-month period beginning July 
1, 2017, is 2\1/4\ percent. The interest rate for debentures issued 
under any other provision of the Act is the rate in effect on the date 
that the commitment to insure the loan or mortgage was issued, or the 
date that the loan or mortgage was endorsed (or initially endorsed if 
there are two or more endorsements) for insurance, whichever rate is 
higher. The interest rate for debentures issued under these other 
provisions with respect to a loan or mortgage committed or endorsed 
during the 6-month period beginning July 1, 2017, is 2\7/8\ percent.

FOR FURTHER INFORMATION CONTACT: Yong Sun, Department of Housing and 
Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 
20410-8000; telephone (202) 402-4778 (this is not a toll-free number). 
Individuals with speech or hearing impairments may access this number 
through TTY by calling the toll-free Federal Information Relay Service 
at (800) 877-8339.

SUPPLEMENTARY INFORMATION: Section 224 of the National Housing Act (12 
U.S.C. 1715o) provides that debentures issued under the Act with 
respect to an insured loan or mortgage (except for debentures issued 
pursuant to Section 221(g)(4) of the Act) will bear interest at the 
rate in effect on the date the

[[Page 34686]]

commitment to insure the loan or mortgage was issued, or the date the 
loan or mortgage was endorsed (or initially endorsed if there are two 
or more endorsements) for insurance, whichever rate is higher. This 
provision is implemented in HUD's regulations at 24 CFR 203.405, 
203.479, 207.259(e)(6), and 220.830. These regulatory provisions state 
that the applicable rates of interest will be published twice each year 
as a notice in the Federal Register.
    Section 224 further provides that the interest rate on these 
debentures will be set from time to time by the Secretary of HUD, with 
the approval of the Secretary of the Treasury, in an amount not in 
excess of the annual interest rate determined by the Secretary of the 
Treasury pursuant to a statutory formula based on the average yield of 
all outstanding marketable Treasury obligations of maturities of 15 or 
more years.
    The Secretary of the Treasury (1) has determined, in accordance 
with the provisions of Section 224, that the statutory maximum interest 
rate for the period beginning July 1, 2017, is 2\7/8\ percent; and (2) 
has approved the establishment of the debenture interest rate by the 
Secretary of HUD at 2\7/8\ percent for the 6-month period beginning 
July 1, 2017. This interest rate will be the rate borne by debentures 
issued with respect to any insured loan or mortgage (except for 
debentures issued pursuant to Section 221(g)(4)) with insurance 
commitment or endorsement date (as applicable) within the latter 6 
months of 2017.
    For convenience of reference, HUD is publishing the following chart 
of debenture interest rates applicable to mortgages committed or 
endorsed since January 1, 1980:

------------------------------------------------------------------------
    Effective interest rate         on or after            prior to
------------------------------------------------------------------------
9\1/2\........................  Jan. 1, 1980.......  July 1, 1980
9\7/8\........................  July 1, 1980.......  Jan. 1, 1981
11\3/4\.......................  Jan. 1, 1981.......  July 1, 1981
12\7/8\.......................  July 1, 1981.......  Jan. 1, 1982
12\3/4\.......................  Jan. 1, 1982.......  Jan. 1, 1983
10\1/4\.......................  Jan. 1, 1983.......  July 1, 1983
10\3/8\.......................  July 1, 1983.......  Jan. 1, 1984
11\1/2\.......................  Jan. 1, 1984.......  July 1, 1984
13\3/8\.......................  July 1, 1984.......  Jan. 1, 1985
11\5/8\.......................  Jan. 1, 1985.......  July 1, 1985
11\1/8\.......................  July 1, 1985.......  Jan. 1, 1986
10\1/4\.......................  Jan. 1, 1986.......  July 1, 1986
8\1/4\........................  July 1, 1986.......  Jan. 1. 1987
8.............................  Jan. 1, 1987.......  July 1, 1987
9.............................  July 1, 1987.......  Jan. 1, 1988
9\1/8\........................  Jan. 1, 1988.......  July 1, 1988
9\3/8\........................  July 1, 1988.......  Jan. 1, 1989
9\1/4\........................  Jan. 1, 1989.......  July 1, 1989
9.............................  July 1, 1989.......  Jan. 1, 1990
8\1/8\........................  Jan. 1, 1990.......  July 1, 1990
9.............................  July 1, 1990.......  Jan. 1, 1991
8\3/4\........................  Jan. 1, 1991.......  July 1, 1991
8\1/2\........................  July 1, 1991.......  Jan. 1, 1992
8.............................  Jan. 1, 1992.......  July 1, 1992
8.............................  July 1, 1992.......  Jan. 1, 1993
7\3/4\........................  Jan. 1, 1993.......  July 1, 1993
7.............................  July 1, 1993.......  Jan. 1, 1994
6\5/8\........................  Jan. 1, 1994.......  July 1, 1994
7\3/4\........................  July 1, 1994.......  Jan. 1, 1995
8\3/8\........................  Jan. 1, 1995.......  July 1, 1995
7\1/4\........................  July 1, 1995.......  Jan. 1, 1996
6\1/2\........................  Jan. 1, 1996.......  July 1, 1996
7\1/4\........................  July 1, 1996.......  Jan. 1, 1997
6\3/4\........................  Jan. 1, 1997.......  July 1, 1997
7\1/8\........................  July 1, 1997.......  Jan. 1, 1998
6\3/8\........................  Jan. 1, 1998.......  July 1, 1998
6\1/8\........................  July 1, 1998.......  Jan. 1, 1999
5\1/2\........................  Jan. 1, 1999.......  July 1, 1999
6\1/8\........................  July 1, 1999.......  Jan. 1, 2000
6\1/2\........................  Jan. 1, 2000.......  July 1, 2000
6\1/2\........................  July 1, 2000.......  Jan. 1, 2001
6.............................  Jan. 1, 2001.......  July 1, 2001
5\7/8\........................  July 1, 2001.......  Jan. 1, 2002
5\1/4\........................  Jan. 1, 2002.......  July 1, 2002
5\3/4\........................  July 1, 2002.......  Jan. 1, 2003
5.............................  Jan. 1, 2003.......  July 1, 2003
4\1/2\........................  July 1, 2003.......  Jan. 1, 2004
5\1/8\........................  Jan. 1, 2004.......  July 1, 2004
5\1/2\........................  July 1, 2004.......  Jan. 1, 2005
4\7/8\........................  Jan. 1, 2005.......  July 1, 2005
4\1/2\........................  July 1, 2005.......  Jan. 1, 2006
4\7/8\........................  Jan. 1, 2006.......  July 1, 2006
5\3/8\........................  July 1, 2006.......  Jan. 1, 2007
4\3/4\........................  Jan. 1, 2007.......  July 1, 2007
5.............................  July 1, 2007.......  Jan. 1, 2008
4\1/2\........................  Jan. 1, 2008.......  July 1, 2008
4\5/8\........................  July 1, 2008.......  Jan. 1, 2009
4\1/8\........................  Jan. 1, 2009.......  July 1, 2009
4\1/8\........................  July 1, 2009.......  Jan. 1, 2010
4\1/4\........................  Jan. 1, 2010.......  July 1, 2010
4\1/8\........................  July 1, 2010.......  Jan. 1, 2011
3\7/8\........................  Jan. 1, 2011.......  July 1, 2011
4\1/8\........................  July 1, 2011.......  Jan. 1, 2012
2\7/8\........................  Jan. 1, 2012.......  July 1, 2012
2\3/4\........................  July 1, 2012.......  Jan. 1, 2013
2\1/2\........................  Jan. 1, 2013.......  July 1, 2013
2\7/8\........................  July 1, 2013.......  Jan. 1, 2014
3\5/8\........................  Jan. 1, 2014.......  July 1, 2014
3\1/4\........................  July 1, 2014.......  Jan. 1, 2015
3.............................  Jan. 1, 2015.......  July 1, 2015
2\7/8\........................  July 1, 2015.......  Jan. 1, 2016
2\7/8\........................  Jan. 1, 2016.......  July 1, 2016
2\1/2\........................  July 1, 2016.......  Jan. 1, 2017
2\3/4\........................  Jan. 1, 2017.......  July 1, 2017
2\7/8\........................  July 1, 2017.......  Jan. 1, 2018
------------------------------------------------------------------------

    Section 215 of Division G, Title II of Public Law 108-199, enacted 
January 23, 2004 (HUD's 2004 Appropriations Act) amended Section 224 of 
the Act, to change the debenture interest rate for purposes of 
calculating certain insurance claim payments made in cash. Therefore, 
for all claims paid in cash on mortgages insured under Section 203 or 
234 of the National Housing Act and endorsed for insurance after 
January 23, 2004, the debenture interest rate will be the monthly 
average yield, for the month in which the default on the mortgage 
occurred, on United States Treasury Securities adjusted to a constant 
maturity of 10 years, as found in Federal Reserve Statistical Release 
H-15. The Federal Housing Administration has codified this provision in 
HUD regulations at 24 CFR 203.405(b) and 24 CFR 203.479(b).
    Section 221(g)(4) of the Act provides that debentures issued 
pursuant to that paragraph (with respect to the assignment of an 
insured mortgage to the Secretary) will bear interest at the ``going 
Federal rate'' in effect at the time the debentures are issued. The 
term ``going Federal rate'' is defined to mean the interest rate that 
the Secretary of the Treasury determines, pursuant to a statutory 
formula based on the average yield on all outstanding marketable 
Treasury obligations of 8- to 12-year maturities, for the 6-month 
periods of January through June and July through December of each year. 
Section 221(g)(4) is implemented in the HUD regulations at 24 CFR 
221.255 and 24 CFR 221.790.
    The Secretary of the Treasury has determined that the interest rate 
to be borne by debentures issued pursuant to Section 221(g)(4) during 
the 6-month period beginning July 1, 2017, is 2\1/4\ percent.
    The subject matter of this notice falls within the categorical 
exemption from HUD's environmental clearance procedures set forth in 24 
CFR 50.19(c)(6). For that reason, no environmental finding has been 
prepared for this notice.

(Authority: Sections 211, 221, 224, National Housing Act, 12 U.S.C. 
1715b, 1715l, 1715o; Section 7(d), Department of HUD Act, 42 U.S.C. 
3535(d).)

    Dated: July 14, 2017.
Dana T. Wade,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2017-15668 Filed 7-25-17; 8:45 am]
 BILLING CODE 4210-67-P



                                                                                   Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices                                                        34685

                                                  DEPARTMENT OF HOMELAND                                        DATES:  The accreditation and approval                CFR 151.12 and 19 CFR 151.13. Intertek
                                                  SECURITY                                                      of Intertek USA, Inc., as commercial                  USA, Inc., is approved for the following
                                                                                                                gauger and laboratory became effective                gauging procedures for petroleum and
                                                  U.S. Customs and Border Protection                            on February 8, 2017. The next triennial               certain petroleum products from the
                                                                                                                inspection date will be scheduled for                 American Petroleum Institute (API):
                                                  Accreditation and Approval of Intertek                        February 2020.
                                                  USA, Inc., as a Commercial Gauger                             FOR FURTHER INFORMATION CONTACT:                       API chapters                        Title
                                                  and Laboratory                                                Christopher J. Mocella, Laboratories and
                                                                                                                Scientific Services Directorate, U.S.                 1 .....................   Vocabulary.
                                                  AGENCY:  U.S. Customs and Border
                                                                                                                Customs and Border Protection, 1300                   3 .....................   Tank gauging.
                                                  Protection, Department of Homeland
                                                                                                                Pennsylvania Avenue NW., Suite                        7 .....................   Temperature determination.
                                                  Security.
                                                                                                                1500N, Washington, DC 20229, tel. 202–                8 .....................   Sampling.
                                                  ACTION: Notice of accreditation and                                                                                 12 ...................    Calculations.
                                                  approval of Intertek USA, Inc., as a                          344–1060.
                                                                                                                                                                      17 ...................    Maritime measurement.
                                                  commercial gauger and laboratory.                             SUPPLEMENTARY INFORMATION: Notice is
                                                                                                                hereby given pursuant to 19 CFR 151.12
                                                  SUMMARY:  Notice is hereby given,                             and 19 CFR 151.13, that Intertek USA,                   Intertek USA, Inc., is accredited for
                                                  pursuant to CBP regulations, that                             Inc., 481A East Shore Parkway, New                    the following laboratory analysis
                                                  Intertek USA, Inc., has been approved to                      Haven, CT 06512, has been approved to                 procedures and methods for petroleum
                                                  gauge petroleum and certain petroleum                         gauge petroleum and certain petroleum                 and certain petroleum products set forth
                                                  products and accredited to test                               products and accredited to test                       by the U.S. Customs and Border
                                                  petroleum and certain petroleum                               petroleum and certain petroleum                       Protection Laboratory Methods (CBPL)
                                                  products for customs purposes for the                         products for customs purposes, in                     and American Society for Testing and
                                                  next three years as of February 8, 2017.                      accordance with the provisions of 19                  Materials (ASTM):

                                                     CBPL No.               ASTM                                                                          Title

                                                  27–01   ..............   D287             Standard Test Method for API Gravity of Crude Petroleum and Petroleum Products (Hydrometer Method).
                                                  27–06   ..............   D473             Standard Test Method for Sediment in Crude Oils and Fuel Oils by the Extraction Method.
                                                  27–08   ..............   D86              Standard Test Method for Distillation of Petroleum Products.
                                                  27–11   ..............   D445             Standard Test Method for Kinematic Viscosity of Transparent and Opaque Liquids.
                                                  27–13   ..............   D4294            Standard Test Method for Sulfur in Petroleum and Petroleum Products by Energy-Dispersive X-ray Fluorescence
                                                                                              Spectrometry.
                                                  27–14   ..............   D2622            Standard Test Method for Sulfur in Petroleum Products (X-Ray Spectrographic Methods).
                                                  27–48   ..............   D4052            Standard Test Method for Density and Relative Density of Liquids by Digital Density Meter.
                                                  27–50   ..............   D93              Standard Test Methods for Flash-Point by Pensky-Martens Closed Cup Tester.
                                                  27–53   ..............   D2709            Standard Test Method for Water and Sediment in Middle Distillate Fuels by Centrifuge.
                                                  27–54   ..............   D1796            Standard Test Method for Water and Sediment in Fuel Oils by the Centrifuge Method.
                                                  27–57   ..............   D7039            Standard Test Method for Sulfur in Gasoline and Diesel Fuel by Monochromatic Wavelength Dispersive X-Ray Flu-
                                                                                              orescence Spectrometry.
                                                  27–58 ..............     D5191            Standard Test Method For Vapor Pressure of Petroleum Products (Mini Method).



                                                    Anyone wishing to employ this entity                        DEPARTMENT OF HOUSING AND                             initially endorsed if there are two or
                                                  to conduct laboratory analyses and                            URBAN DEVELOPMENT                                     more endorsements) for insurance,
                                                  gauger services should request and                                                                                  whichever rate is higher. The interest
                                                                                                                [Docket No. FR–6015–N–02]
                                                  receive written assurances from the                                                                                 rate for debentures issued under these
                                                  entity that it is accredited or approved                      Mortgage and Loan Insurance                           other provisions with respect to a loan
                                                  by the U.S. Customs and Border                                Programs Under the National Housing                   or mortgage committed or endorsed
                                                  Protection to conduct the specific test or                    Act—Debenture Interest Rates                          during the 6-month period beginning
                                                  gauger service requested. Alternatively,                                                                            July 1, 2017, is 27⁄8 percent.
                                                  inquiries regarding the specific test or                      AGENCY:  Office of the Assistant                      FOR FURTHER INFORMATION CONTACT:
                                                  gauger service this entity is accredited                      Secretary for Housing, HUD.
                                                                                                                                                                      Yong Sun, Department of Housing and
                                                  or approved to perform may be directed                        ACTION: Notice.                                       Urban Development, 451 Seventh Street
                                                  to the U.S. Customs and Border                                                                                      SW., Room 5148, Washington, DC
                                                  Protection by calling (202) 344–1060.                         SUMMARY:   This Notice announces
                                                                                                                changes in the interest rates to be paid              20410–8000; telephone (202) 402–4778
                                                  The inquiry may also be sent to                                                                                     (this is not a toll-free number).
                                                                                                                on debentures issued with respect to a
                                                  CBPGaugersLabs@cbp.dhs.gov. Please                                                                                  Individuals with speech or hearing
                                                                                                                loan or mortgage insured by the Federal
                                                  reference the Web site listed below for                                                                             impairments may access this number
                                                                                                                Housing Administration under the
                                                  a complete listing of CBP approved                                                                                  through TTY by calling the toll-free
                                                                                                                provisions of the National Housing Act
                                                  gaugers and accredited laboratories.                                                                                Federal Information Relay Service at
                                                                                                                (the Act). The interest rate for
                                                  http://www.cbp.gov/about/labs-                                                                                      (800) 877–8339.
                                                                                                                debentures issued under Section
                                                  scientific/commercial-gaugers-and-
                                                                                                                221(g)(4) of the Act during the 6-month               SUPPLEMENTARY INFORMATION: Section
mstockstill on DSK30JT082PROD with NOTICES




                                                  laboratories.
                                                                                                                period beginning July 1, 2017, is 21⁄4                224 of the National Housing Act (12
                                                    Dated: July 18, 2017.                                       percent. The interest rate for debentures             U.S.C. 1715o) provides that debentures
                                                  Ira S. Reese,                                                 issued under any other provision of the               issued under the Act with respect to an
                                                  Executive Director, Laboratories and                          Act is the rate in effect on the date that            insured loan or mortgage (except for
                                                  Scientific Services Directorate.                              the commitment to insure the loan or                  debentures issued pursuant to Section
                                                  [FR Doc. 2017–15638 Filed 7–25–17; 8:45 am]                   mortgage was issued, or the date that the             221(g)(4) of the Act) will bear interest at
                                                  BILLING CODE 9111–14–P                                        loan or mortgage was endorsed (or                     the rate in effect on the date the


                                             VerDate Sep<11>2014       17:49 Jul 25, 2017    Jkt 241001   PO 00000   Frm 00063   Fmt 4703   Sfmt 4703   E:\FR\FM\26JYN1.SGM    26JYN1


                                                  34686                            Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices

                                                  commitment to insure the loan or                                Effective                                               Treasury Securities adjusted to a
                                                  mortgage was issued, or the date the                            interest            on or after            prior to     constant maturity of 10 years, as found
                                                  loan or mortgage was endorsed (or                                 rate                                                  in Federal Reserve Statistical Release H–
                                                  initially endorsed if there are two or                                                                                  15. The Federal Housing Administration
                                                                                                                9 ...............   July 1, 1990    ...   Jan. 1, 1991
                                                  more endorsements) for insurance,                             83⁄4 ............   Jan. 1, 1991    ...   July 1, 1991
                                                                                                                                                                          has codified this provision in HUD
                                                  whichever rate is higher. This provision                      81⁄2 ............   July 1, 1991    ...   Jan. 1, 1992    regulations at 24 CFR 203.405(b) and 24
                                                  is implemented in HUD’s regulations at                        8 ...............   Jan. 1, 1992    ...   July 1, 1992    CFR 203.479(b).
                                                  24 CFR 203.405, 203.479, 207.259(e)(6),                       8 ...............   July 1, 1992    ...   Jan. 1, 1993       Section 221(g)(4) of the Act provides
                                                  and 220.830. These regulatory                                 73⁄4 ............   Jan. 1, 1993    ...   July 1, 1993    that debentures issued pursuant to that
                                                  provisions state that the applicable rates                    7 ...............   July 1, 1993    ...   Jan. 1, 1994    paragraph (with respect to the
                                                  of interest will be published twice each                      65⁄8 ............   Jan. 1, 1994    ...   July 1, 1994    assignment of an insured mortgage to
                                                                                                                73⁄4 ............   July 1, 1994    ...   Jan. 1, 1995    the Secretary) will bear interest at the
                                                  year as a notice in the Federal Register.                     83⁄8 ............   Jan. 1, 1995    ...   July 1, 1995
                                                     Section 224 further provides that the                      71⁄4 ............   July 1, 1995    ...   Jan. 1, 1996
                                                                                                                                                                          ‘‘going Federal rate’’ in effect at the time
                                                  interest rate on these debentures will be                     61⁄2 ............   Jan. 1, 1996    ...   July 1, 1996    the debentures are issued. The term
                                                  set from time to time by the Secretary                        71⁄4 ............   July 1, 1996    ...   Jan. 1, 1997    ‘‘going Federal rate’’ is defined to mean
                                                  of HUD, with the approval of the                              63⁄4 ............   Jan. 1, 1997    ...   July 1, 1997    the interest rate that the Secretary of the
                                                  Secretary of the Treasury, in an amount                       71⁄8 ............   July 1, 1997    ...   Jan. 1, 1998    Treasury determines, pursuant to a
                                                  not in excess of the annual interest rate                     63⁄8 ............   Jan. 1, 1998    ...   July 1, 1998    statutory formula based on the average
                                                  determined by the Secretary of the                            61⁄8 ............   July 1, 1998    ...   Jan. 1, 1999    yield on all outstanding marketable
                                                                                                                51⁄2 ............   Jan. 1, 1999    ...   July 1, 1999
                                                  Treasury pursuant to a statutory formula                      61⁄8 ............   July 1, 1999    ...   Jan. 1, 2000
                                                                                                                                                                          Treasury obligations of 8- to 12-year
                                                  based on the average yield of all                             61⁄2 ............   Jan. 1, 2000    ...   July 1, 2000    maturities, for the 6-month periods of
                                                  outstanding marketable Treasury                               61⁄2 ............   July 1, 2000    ...   Jan. 1, 2001    January through June and July through
                                                  obligations of maturities of 15 or more                       6 ...............   Jan. 1, 2001    ...   July 1, 2001    December of each year. Section 221(g)(4)
                                                  years.                                                        57⁄8 ............   July 1, 2001    ...   Jan. 1, 2002    is implemented in the HUD regulations
                                                     The Secretary of the Treasury (1) has                      51⁄4 ............   Jan. 1, 2002    ...   July 1, 2002    at 24 CFR 221.255 and 24 CFR 221.790.
                                                  determined, in accordance with the                            53⁄4 ............   July 1, 2002    ...   Jan. 1, 2003       The Secretary of the Treasury has
                                                  provisions of Section 224, that the                           5 ...............   Jan. 1, 2003    ...   July 1, 2003    determined that the interest rate to be
                                                                                                                41⁄2 ............   July 1, 2003    ...   Jan. 1, 2004
                                                  statutory maximum interest rate for the                       51⁄8 ............   Jan. 1, 2004    ...   July 1, 2004
                                                                                                                                                                          borne by debentures issued pursuant to
                                                  period beginning July 1, 2017, is 27⁄8                        51⁄2 ............   July 1, 2004    ...   Jan. 1, 2005    Section 221(g)(4) during the 6-month
                                                  percent; and (2) has approved the                             47⁄8 ............   Jan. 1, 2005    ...   July 1, 2005    period beginning July 1, 2017, is 21⁄4
                                                  establishment of the debenture interest                       41⁄2 ............   July 1, 2005    ...   Jan. 1, 2006    percent.
                                                  rate by the Secretary of HUD at 27⁄8                          47⁄8 ............   Jan. 1, 2006    ...   July 1, 2006       The subject matter of this notice falls
                                                  percent for the 6-month period                                53⁄8 ............   July 1, 2006    ...   Jan. 1, 2007    within the categorical exemption from
                                                  beginning July 1, 2017. This interest rate                    43⁄4 ............   Jan. 1, 2007    ...   July 1, 2007    HUD’s environmental clearance
                                                                                                                5 ...............   July 1, 2007    ...   Jan. 1, 2008    procedures set forth in 24 CFR
                                                  will be the rate borne by debentures
                                                                                                                41⁄2 ............   Jan. 1, 2008    ...   July 1, 2008    50.19(c)(6). For that reason, no
                                                  issued with respect to any insured loan                       45⁄8 ............   July 1, 2008    ...   Jan. 1, 2009
                                                  or mortgage (except for debentures                            41⁄8 ............   Jan. 1, 2009    ...   July 1, 2009    environmental finding has been
                                                  issued pursuant to Section 221(g)(4))                         41⁄8 ............   July 1, 2009    ...   Jan. 1, 2010    prepared for this notice.
                                                  with insurance commitment or                                  41⁄4 ............   Jan. 1, 2010    ...   July 1, 2010    (Authority: Sections 211, 221, 224, National
                                                  endorsement date (as applicable) within                       41⁄8 ............   July 1, 2010    ...   Jan. 1, 2011    Housing Act, 12 U.S.C. 1715b, 1715l, 1715o;
                                                  the latter 6 months of 2017.                                  37⁄8 ............   Jan. 1, 2011    ...   July 1, 2011    Section 7(d), Department of HUD Act, 42
                                                     For convenience of reference, HUD is                       41⁄8 ............   July 1, 2011    ...   Jan. 1, 2012    U.S.C. 3535(d).)
                                                  publishing the following chart of                             27⁄8 ............   Jan. 1, 2012    ...   July 1, 2012
                                                                                                                                                                            Dated: July 14, 2017.
                                                                                                                23⁄4 ............   July 1, 2012    ...   Jan. 1, 2013
                                                  debenture interest rates applicable to                        21⁄2 ............   Jan. 1, 2013    ...   July 1, 2013    Dana T. Wade,
                                                  mortgages committed or endorsed since                         27⁄8 ............   July 1, 2013    ...   Jan. 1, 2014    General Deputy Assistant Secretary for
                                                  January 1, 1980:                                              35⁄8 ............   Jan. 1, 2014    ...   July 1, 2014    Housing.
                                                                                                                31⁄4 ............   July 1, 2014    ...   Jan. 1, 2015    [FR Doc. 2017–15668 Filed 7–25–17; 8:45 am]
                                                    Effective                                                   3 ...............   Jan. 1, 2015    ...   July 1, 2015    BILLING CODE 4210–67–P
                                                    interest            on or after            prior to         27⁄8 ............   July 1, 2015    ...   Jan. 1, 2016
                                                      rate                                                      27⁄8 ............   Jan. 1, 2016    ...   July 1, 2016
                                                                                                                21⁄2 ............   July 1, 2016    ...   Jan. 1, 2017
                                                  91⁄2 ............   Jan. 1, 1980    ...   July 1, 1980        23⁄4 ............   Jan. 1, 2017    ...   July 1, 2017    DEPARTMENT OF THE INTERIOR
                                                  97⁄8 ............   July 1, 1980    ...   Jan. 1, 1981        27⁄8 ............   July 1, 2017    ...   Jan. 1, 2018
                                                  113⁄4 ..........    Jan. 1, 1981    ...   July 1, 1981                                                                  Bureau of Indian Affairs
                                                  127⁄8 ..........    July 1, 1981    ...   Jan. 1, 1982          Section 215 of Division G, Title II of                  [178A2100DD/AAKC001030/
                                                  123⁄4 ..........    Jan. 1, 1982    ...   Jan. 1, 1983
                                                  101⁄4 ..........    Jan. 1, 1983    ...   July 1, 1983
                                                                                                                Public Law 108–199, enacted January                       A0A501010.999900 253G]
                                                  103⁄8 ..........    July 1, 1983    ...   Jan. 1, 1984        23, 2004 (HUD’s 2004 Appropriations
                                                  111⁄2 ..........    Jan. 1, 1984    ...   July 1, 1984        Act) amended Section 224 of the Act, to                   Agency Information Collection
                                                  133⁄8 ..........    July 1, 1984    ...   Jan. 1, 1985        change the debenture interest rate for                    Activities: OMB Control Number 1076–
                                                  115⁄8 ..........    Jan. 1, 1985    ...   July 1, 1985        purposes of calculating certain                           0178; Native American Business
                                                  111⁄8 ..........    July 1, 1985    ...   Jan. 1, 1986        insurance claim payments made in cash.                    Development Institute (NABDI)
                                                  101⁄4 ..........    Jan. 1, 1986    ...   July 1, 1986        Therefore, for all claims paid in cash on                 Funding Solicitations and Reporting
mstockstill on DSK30JT082PROD with NOTICES




                                                  81⁄4 ............   July 1, 1986    ...   Jan. 1. 1987        mortgages insured under Section 203 or
                                                  8 ...............   Jan. 1, 1987    ...   July 1, 1987                                                                  AGENCY:   Bureau of Indian Affairs,
                                                                                                                234 of the National Housing Act and                       Interior.
                                                  9 ...............   July 1, 1987    ...   Jan. 1, 1988
                                                  91⁄8 ............   Jan. 1, 1988    ...   July 1, 1988
                                                                                                                endorsed for insurance after January 23,                  ACTION: Notice of request for comments.
                                                  93⁄8 ............   July 1, 1988    ...   Jan. 1, 1989        2004, the debenture interest rate will be
                                                  91⁄4 ............   Jan. 1, 1989    ...   July 1, 1989        the monthly average yield, for the                        SUMMARY:  In compliance with the
                                                  9 ...............   July 1, 1989    ...   Jan. 1, 1990        month in which the default on the                         Paperwork Reduction Act of 1995, the
                                                  81⁄8 ............   Jan. 1, 1990    ...   July 1, 1990        mortgage occurred, on United States                       Assistant Secretary—Indian Affairs is


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Document Created: 2017-07-26 01:29:34
Document Modified: 2017-07-26 01:29:34
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
ContactYong Sun, Department of Housing and Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 20410-8000; telephone (202) 402-4778 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877-8339.
FR Citation82 FR 34685 

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