CFR Part: "24 CFR Parts 200 and 2700"
RIN Number: "RIN 2502-AJ24"
Citation: "79 FR 46181"
Document Number: "Docket No. FR-5795-F-01"
"Rules and Regulations"
SUMMARY: Through this rule, HUD removes regulations for the Emergency Homeowners' Loan Program. The statutory authority to provide emergency assistance to homeowners under this program expired on
EFFECTIVE DATE: Effective date:
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: On
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L.111-203) (the Dodd-Frank Act), signed into law on
The reauthorization of EHLP, however was only for one fiscal year, fiscal year (FY) 2011.
This Final Rule
Since authority for HUD to enter into agreements with borrowers to provide emergency assistance under the EHLP expired on
Emergency assistance provided under EHLP that is still outstanding will continue to be governed by the regulations in effect prior to
II. Justification for Final Rulemaking
HUD generally publishes a rule for public comment before issuing a final rule for effect, in accordance with HUD's own regulations on rulemaking in 24 CFR part 10. However, part 10 provides for exceptions to the general rule if the agency finds good cause to omit advance notice and public participation. The good cause requirement is satisfied when prior public procedure is impracticable, unnecessary, or contrary to the public interest." (See 24 CFR 10.1.)
HUD finds that public notice and comment are not necessary for this rulemaking because the authority to provide assistance under EHLP expired on
III. Findings and Certification
Regulatory Flexibility Act
The Regulatory Flexibility Act (RFA) (5 U.S.C.
Unfunded Mandates Reform
Section 202 of the Unfunded Mandates Reform Act of 1995 (UMRA) /1/ requires that an agency prepare a budgetary impact statement before promulgating a rule that includes a Federal mandate that may result in the expenditure by state, local and tribal governments, in the aggregate, or by the private sector of
/1/ 2 U.S.C. 1532. END FOOTNOTE
/2/ 2 U.S.C. 1534. END FOOTNOTE
/3/ 2 U.S.C. 1532(a). END FOOTNOTE
Executive Order 13132, Federalism
Executive Order 13132 (entitled "Federalism") prohibits an agency from publishing any rule that has federalism implications if the rule either imposes substantial direct compliance costs on state and local governments and is not required by statute, or the rule preempts state law, unless the agency meets the consultation and funding requirements of section 6 of the Executive Order. This final rule will not have federalism implications and would not impose substantial direct compliance costs on state and local governments or preempt state law within the meaning of the Executive Order.
This final rule does not direct, provide for assistance or loan and mortgage insurance for, or otherwise govern, or regulate, real property acquisition, disposition, leasing, rehabilitation, alteration, demolition, or new construction, or 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).
List of Subjects
24 CFR Part 200
Administrative practice and procedure, Claims, Equal employment opportunity, Fair housing, Home improvement, Housing standards, Incorporation by reference, Lead poisoning, Loan programs--housing and community development, Minimum property standards, Mortgage insurance, Organization and functions (Government agencies), Penalties, Reporting and recordkeeping requirements, Social security, Unemployment compensation, Wages.
24 CFR Part 2700
Administrative procedures, Mortgage insurance, Practice and procedure, Reporting and recordkeeping requirements.
For the reasons set forth in the preamble, and under the authority of 42 U.S.C. 3535(d), amend title 24, parts 200 and 2700, as follows:
PART 200--INTRODUCTION TO FHA PROGRAMS
1. The authority citation for part 200 continues to read as follows:
Authority: 12 U.S.C. 1702-1715z-21; 42 U.S.C. 3535(d).
* * * * *
(f) No new emergency mortgage assistance, emergency mortgage relief loans, advances of credit or emergency mortgage relief payments, or any other type of assistance permitted under the Emergency Housing Act of 1975, title I of the Emergency Homeowners' Relief Act (12 U.S.C. 2701), as amended by section 1496 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203) is being provided under the programs listed below. Any existing emergency assistance, emergency mortgage relief loans, advances of credit or emergency mortgage relief payments under these programs will continue to be governed by the regulations in effect as they existed immediately before
(1) Part 2700, Emergency Homeowners' Loan Program (12 U.S.C.
3. Remove part 2700.
Acting Deputy Secretary.
[FR Doc. 2014-18723 Filed 8-6-14;
BILLING CODE 4210-67-P
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