83_FR_3379 83 FR 3363 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

83 FR 3363 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 83, Issue 16 (January 24, 2018)

Page Range3363-3364
FR Document2018-01274

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 January 1, 2018, is 2 \3/8\ 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 January 1, 2018, is 2\3/4\ percent.

Federal Register, Volume 83 Issue 16 (Wednesday, January 24, 2018) 
[Federal Register Volume 83, Number 16 (Wednesday, January 24, 2018)]
[Notices]
[Pages 3363-3364]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01274]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6078-N-01]


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 
January 1, 2018, is 2 \3/8\ 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 January 1, 2018, is 2\3/4\ 
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 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.

[[Page 3364]]

    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 January 1, 2018, is 2\3/4\ percent; and 
(2) has approved the establishment of the debenture interest rate by 
the Secretary of HUD at 2\3/4\ percent for the 6-month period beginning 
January 1, 2018. 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 first 6 
months of 2018.
    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
2\3/4\..........................  Jan. 1, 2018......  July 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 January 1, 2018, is 2\3/8\ 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: January 18, 2018.
Dana T. Wade,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2018-01274 Filed 1-23-18; 8:45 am]
 BILLING CODE 4210-67-P

Federal Register / Vol. 83, No. 16 / Wednesday, January 24, 2018 / Notices 3363 approval of the following information narrative detailing the agency’s SUMMARY: This Notice announces collection, TSA is soliciting comments operational need to fly armed. Once the changes in the interest rates to be paid to— fillable form is completed, TSA, through on debentures issued with respect to a (1) Evaluate whether the proposed its Office of Training and Development loan or mortgage insured by the Federal information requirement is necessary for (OTD), receives a notification via email. Housing Administration under the the proper performance of the functions OTD vets the request to ensure that all provisions of the National Housing Act of the agency, including whether the of the required information has been (the Act). The interest rate for information will have practical utility; submitted and that the agency has a debentures issued under Section (2) Evaluate the accuracy of the current operational need to fly armed. If 221(g)(4) of the Act during the 6-month agency’s estimate of the burden; OTD determines that the requesting period beginning January 1, 2018, is 2 (3) Enhance the quality, utility, and agency meets the standard set forth in 3⁄8 percent. The interest rate for clarity of the information to be 49 CFR 1544.219, they electronically debentures issued under any other collected; and send a non-disclosure agreement (NDA) provision of the Act is the rate in effect (4) Minimize the burden of the to the requesting agency. Once OTD on the date that the commitment to collection of information on those who receives the signed NDA, they will insure the loan or mortgage was issued, are to respond, including using electronically send the LEO Flying or the date that the loan or mortgage was appropriate automated, electronic, Armed training course materials to the endorsed (or initially endorsed if there mechanical, or other technological requesting agency. OTD keeps an are two or more endorsements) for collection techniques or other forms of electronic record of each agency that insurance, whichever rate is higher. The information technology. they have sent LEO Flying Armed interest rate for debentures issued under Consistent with the requirements of training course material to, including a these other provisions with respect to a Executive Order (E.O.) 13771, Reducing point of contact (POC) for that agency. loan or mortgage committed or endorsed Regulation and Controlling Regulatory If an issue arises during the screening during the 6-month period beginning Costs, and E.O. 13777, Enforcing the and verification process regarding the January 1, 2018, is 23⁄4 percent. Regulatory Reform Agenda, TSA is also authenticity of an agency that requests requesting comments on the extent to FOR FURTHER INFORMATION CONTACT: training materials, no training materials which this request for information could Yong Sun, Department of Housing and will be supplied until that issue has be modified to reduce the burden on Urban Development, 451 Seventh Street either been confirmed or resolved, and respondents. SW, Room 5148, Washington, DC a record of such is maintained. 20410–8000; telephone (202) 402–4778 Information Collection Requirement Upon completion of the training, the (this is not a toll-free number). OMB Control Number 1652–0034; Law LEO who has been authorized by his or Individuals with speech or hearing Enforcement Officer Flying Armed her agency to fly armed presents his or impairments may access this number Training. TSA is requesting approval for her credentials and other required through TTY by calling the toll-free the extension of the collection of this documentation at the airport in order to Federal Information Relay Service at information to comply with 49 CFR fly armed. A Transportation Security (800) 877–8339. 1544.219, which requires Federal LEOs, Officer verifies all pertinent information full-time territorial, tribal, municipal, onsite. Based on current data, TSA SUPPLEMENTARY INFORMATION: Section county or state LEOs who are direct estimates there are approximately 2,000 224 of the National Housing Act (12 employees of government agencies, and respondents on an annual basis. At U.S.C. 1715o) provides that debentures authorized railroad police officers to most, each agency spends issued under the Act with respect to an complete the LEOs Flying Armed approximately 5 minutes to provide the insured loan or mortgage (except for training course in order to fly armed. information TSA needs to confirm the debentures issued pursuant to Section The course is a non-tactical overview of law enforcement agencies are eligible to 221(g)(4) of the Act) will bear interest at the conditions under which an officer receive the training. This amounts to the rate in effect on the date the may fly armed and the required conduct 2000 agencies multiplied by 5 minutes commitment to insure the loan or and duties of the LEO while flying equals 166.6 hours (2000 agencies × 5 mortgage was issued, or the date the armed. This collection permits TSA to min = 10,000 min [166.6 hrs.]) for a total loan or mortgage was endorsed (or collect identifying information from law annual hour burden of 167 hours. initially endorsed if there are two or enforcement agencies requesting the Dated: January 19, 2018. more endorsements) for insurance, LEO Flying Armed training course Christina A. Walsh, whichever rate is higher. This provision materials. is implemented in HUD’s regulations at TSA Paperwork Reduction Act Officer, Office The process begins when a of Information Technology. 24 CFR 203.405, 203.479, 207.259(e)(6), representative from a law enforcement and 220.830. These regulatory [FR Doc. 2018–01242 Filed 1–23–18; 8:45 am] agency electronically requests the LEO provisions state that the applicable rates BILLING CODE 9110–05–P Flying Armed training course material of interest will be published twice each via the TSA Flying While Armed year as a notice in the Federal Register. website (https://www.tsa.gov/travel/law- Section 224 further provides that the DEPARTMENT OF HOUSING AND enforcement). The fillable form, which interest rate on these debentures will be URBAN DEVELOPMENT is submitted to TSA electronically, must set from time to time by the Secretary contain: full name of the officer, title, [Docket No. FR–6078–N–01] of HUD, with the approval of the phone number, email address, Secretary of the Treasury, in an amount daltland on DSKBBV9HB2PROD with NOTICES employing department, work address, Mortgage and Loan Insurance not in excess of the annual interest rate supervisor’s name, supervisor’s title, Programs Under the National Housing determined by the Secretary of the supervisor’s contact information, the Act—Debenture Interest Rates Treasury pursuant to a statutory formula agency’s originating agency identifier AGENCY: Office of the Assistant based on the average yield of all (ORI), an affirmation that the officer/ Secretary for Housing, HUD. outstanding marketable Treasury agency meets the requirements set forth obligations of maturities of 15 or more ACTION: Notice. in 49 CFR 1544.219, and a brief years. VerDate Sep<11>2014 20:25 Jan 23, 2018 Jkt 244001 PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 E:\FR\FM\24JAN1.SGM 24JAN1

3364 Federal Register / Vol. 83, No. 16 / Wednesday, January 24, 2018 / Notices The Secretary of the Treasury (1) has Effective interest The Secretary of the Treasury has On or after Prior to determined, in accordance with the rate determined that the interest rate to be provisions of Section 224, that the borne by debentures issued pursuant to statutory maximum interest rate for the 51⁄2 .................... July 1, 2004 Jan. 1, 2005 Section 221(g)(4) during the 6-month period beginning January 1, 2018, is 23⁄4 47⁄8 .................... Jan. 1, 2005 July 1, 2005 period beginning January 1, 2018, is 23⁄8 41⁄2 .................... July 1, 2005 Jan. 1, 2006 percent; and (2) has approved the 47⁄8 .................... Jan. 1, 2006 July 1, 2006 percent. establishment of the debenture interest 53⁄8 .................... July 1, 2006 Jan. 1, 2007 The subject matter of this notice falls rate by the Secretary of HUD at 23⁄4 43⁄4 .................... Jan. 1, 2007 July 1, 2007 within the categorical exemption from percent for the 6-month period 5 ........................ July 1, 2007 Jan. 1, 2008 HUD’s environmental clearance beginning January 1, 2018. This interest 41⁄2 .................... Jan. 1, 2008 July 1, 2008 procedures set forth in 24 CFR rate will be the rate borne by debentures 45⁄8 .................... July 1, 2008 Jan. 1, 2009 50.19(c)(6). For that reason, no issued with respect to any insured loan 41⁄8 .................... Jan. 1, 2009 July 1, 2009 environmental finding has been 41⁄8 .................... July 1, 2009 Jan. 1, 2010 prepared for this notice. or mortgage (except for debentures 41⁄4 .................... Jan. 1, 2010 July 1, 2010 issued pursuant to Section 221(g)(4)) 41⁄8 .................... July 1, 2010 Jan. 1, 2011 (Authority: Sections 211, 221, 224, National with insurance commitment or 37⁄8 .................... Jan. 1, 2011 July 1, 2011 Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; endorsement date (as applicable) within 41⁄8 .................... July 1, 2011 Jan. 1, 2012 Section 7(d), Department of HUD Act, 42 the first 6 months of 2018. 27⁄8 .................... Jan. 1, 2012 July 1, 2012 U.S.C. 3535(d).) For convenience of reference, HUD is 23⁄4 .................... July 1, 2012 Jan. 1, 2013 Dated: January 18, 2018. publishing the following chart of 21⁄2 .................... Jan. 1, 2013 July 1, 2013 27⁄8 .................... July 1, 2013 Jan. 1, 2014 Dana T. Wade, debenture interest rates applicable to General Deputy Assistant Secretary for 35⁄8 .................... Jan. 1, 2014 July 1, 2014 mortgages committed or endorsed since 31⁄4 .................... July 1, 2014 Jan. 1, 2015 Housing. January 1, 1980: 3 ........................ Jan. 1, 2015 July 1, 2015 [FR Doc. 2018–01274 Filed 1–23–18; 8:45 am] 27⁄8 .................... July 1, 2015 Jan. 1, 2016 BILLING CODE 4210–67–P Effective interest 27⁄8 .................... Jan. 1, 2016 July 1, 2016 On or after Prior to rate 21⁄2 .................... July 1, 2016 Jan. 1, 2017 23⁄4 .................... Jan. 1, 2017 July 1, 2017 91⁄2 .................... Jan. 1, 1980 July 1, 1980 27⁄8 .................... July 1, 2017 Jan. 1, 2018 DEPARTMENT OF HOUSING AND 97⁄8 .................... July 1, 1980 Jan. 1, 1981 23⁄4 .................... Jan. 1, 2018 July 1, 2018 URBAN DEVELOPMENT 113⁄4 .................. Jan. 1, 1981 July 1, 1981 127⁄8 .................. July 1, 1981 Jan. 1, 1982 [Docket No. FR–6001–N–45] Section 215 of Division G, Title II of 123⁄4 .................. Jan. 1, 1982 Jan. 1, 1983 101⁄4 .................. Jan. 1, 1983 July 1, 1983 Public Law 108–199, enacted January 60-Day Notice of Proposed Information 103⁄8 .................. July 1, 1983 Jan. 1, 1984 23, 2004 (HUD’s 2004 Appropriations Collection: Multifamily Insurance 111⁄2 .................. Jan. 1, 1984 July 1, 1984 Act) amended Section 224 of the Act, to Benefits Claims Package 133⁄8 .................. July 1, 1984 Jan. 1, 1985 change the debenture interest rate for 115⁄8 .................. Jan. 1, 1985 July 1, 1985 purposes of calculating certain AGENCY: Office of the Assistant 111⁄8 .................. July 1, 1985 Jan. 1, 1986 insurance claim payments made in cash. Secretary for Housing—Federal Housing 101⁄4 .................. Jan. 1, 1986 July 1, 1986 Therefore, for all claims paid in cash on Commissioner, HUD. 81⁄4 .................... July 1, 1986 Jan. 1. 1987 mortgages insured under Section 203 or ACTION: Notice. 8 ........................ Jan. 1, 1987 July 1, 1987 234 of the National Housing Act and 9 ........................ July 1, 1987 Jan. 1, 1988 SUMMARY: HUD is seeking approval from endorsed for insurance after January 23, 91⁄8 .................... Jan. 1, 1988 July 1, 1988 the Office of Management and Budget 93⁄8 .................... July 1, 1988 Jan. 1, 1989 2004, the debenture interest rate will be (OMB) for the information collection 91⁄4 .................... Jan. 1, 1989 July 1, 1989 the monthly average yield, for the described below. In accordance with the 9 ........................ July 1, 1989 Jan. 1, 1990 month in which the default on the Paperwork Reduction Act, HUD is 81⁄8 .................... Jan. 1, 1990 July 1, 1990 mortgage occurred, on United States 9 ........................ July 1, 1990 Jan. 1, 1991 requesting comment from all interested Treasury Securities adjusted to a 83⁄4 .................... Jan. 1, 1991 July 1, 1991 parties on the proposed collection of constant maturity of 10 years, as found 81⁄2 .................... July 1, 1991 Jan. 1, 1992 information. The purpose of this notice in Federal Reserve Statistical Release H– 8 ........................ Jan. 1, 1992 July 1, 1992 is to allow for 60 days of public 15. The Federal Housing Administration 8 ........................ July 1, 1992 Jan. 1, 1993 comment. 73⁄4 .................... Jan. 1, 1993 July 1, 1993 has codified this provision in HUD regulations at 24 CFR 203.405(b) and 24 DATES: Comments Due Date: March 26, 7 ........................ July 1, 1993 Jan. 1, 1994 65⁄8 .................... Jan. 1, 1994 July 1, 1994 CFR 203.479(b). 2018. 73⁄4 .................... July 1, 1994 Jan. 1, 1995 Section 221(g)(4) of the Act provides ADDRESSES: Interested persons are 83⁄8 .................... Jan. 1, 1995 July 1, 1995 that debentures issued pursuant to that invited to submit comments regarding 71⁄4 .................... July 1, 1995 Jan. 1, 1996 paragraph (with respect to the this proposal. Comments should refer to 61⁄2 .................... Jan. 1, 1996 July 1, 1996 assignment of an insured mortgage to the proposal by name and/or OMB 71⁄4 .................... July 1, 1996 Jan. 1, 1997 the Secretary) will bear interest at the Control Number and should be sent to: 63⁄4 .................... Jan. 1, 1997 July 1, 1997 71⁄8 .................... July 1, 1997 Jan. 1, 1998 ‘‘going Federal rate’’ in effect at the time Colette Pollard, Reports Management 63⁄8 .................... Jan. 1, 1998 July 1, 1998 the debentures are issued. The term Officer, QDAM, Department of Housing 61⁄8 .................... July 1, 1998 Jan. 1, 1999 ‘‘going Federal rate’’ is defined to mean and Urban Development, 451 7th Street 51⁄2 .................... Jan. 1, 1999 July 1, 1999 the interest rate that the Secretary of the SW, Room 4176, Washington, DC 61⁄8 .................... July 1, 1999 Jan. 1, 2000 Treasury determines, pursuant to a 20410–5000; telephone 202–402–3400 61⁄2 .................... Jan. 1, 2000 July 1, 2000 statutory formula based on the average (this is not a toll-free number) or email daltland on DSKBBV9HB2PROD with NOTICES 61⁄2 .................... July 1, 2000 Jan. 1, 2001 yield on all outstanding marketable at Colette.Pollard@hud.gov for a copy of 6 ........................ Jan. 1, 2001 July 1, 2001 Treasury obligations of 8- to 12-year the proposed forms or other available 57⁄8 .................... July 1, 2001 Jan. 1, 2002 51⁄4 .................... Jan. 1, 2002 July 1, 2002 maturities, for the 6-month periods of information. Persons with hearing or 53⁄4 .................... July 1, 2002 Jan. 1, 2003 January through June and July through speech impairments may access this 5 ........................ Jan. 1, 2003 July 1, 2003 December of each year. Section 221(g)(4) number through TTY by calling the toll- 41⁄2 .................... July 1, 2003 Jan. 1, 2004 is implemented in the HUD regulations free Federal Relay Service at (800) 877– 51⁄8 .................... Jan. 1, 2004 July 1, 2004 at 24 CFR 221.255 and 24 CFR 221.790. 8339. VerDate Sep<11>2014 20:25 Jan 23, 2018 Jkt 244001 PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 E:\FR\FM\24JAN1.SGM 24JAN1


Document Created: 2018-10-26 09:58:55
Document Modified: 2018-10-26 09:58:55
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 Citation83 FR 3363 
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