condominiums

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TitleActionFR DocPublishedAgencyAgency NameExcerptsAbstractHTMLPDF
TitleActionFR DocPublishedAgencyAgency NameExcerptsAbstractHTMLPDF
Mortgage Servicing Rules Under the Real Estate Settlement Procedures Act (Regulation X)Rule2017-2191210/16/2017BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauThe Bureau of Consumer Financial Protection (Bureau) is issuing an interim final rule amending a provision of the Regulation X mortgage servicing rules issued in 2016 relating to the timing for servicers to provide modified written … The Bureau of Consumer Financial Protection (Bureau) is issuing an interim final rule amending a provision of the Regulation X mortgage servicing rules issued in 2016 relating to the timing for servicers to provide modified written early intervention notices to borrowers who have invoked their cease communication rights under the Fair Debt Collection Practices Act. The Bureau requests public comment on this interim final rule.mortgage-servicing-rules-under-the-real-estate-settlement-procedures-act-regulation-xFR-Doc-2017-21912
Loan Guaranty: Loans To Purchase Manufactured Homes; CorrectionRule2017-1803708/28/2017DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentOn July 14, 1993, the Department of Veterans Affairs (VA) published a final rule in the Federal Register amending its manufactured home loan guaranty regulations to comply with certain provisions of the Veterans' Home Loan Progr … On July 14, 1993, the Department of Veterans Affairs (VA) published a final rule in the Federal Register amending its manufactured home loan guaranty regulations to comply with certain provisions of the Veterans' Home Loan Program Improvements and Property Rehabilitation Act of 1987. That document erred in redesignating certain paragraphs in the regulatory provision pertaining to maximum loan amounts and terms. This document corrects that final rule.loan-guaranty-loans-to-purchase-manufactured-homes-correctionFR-Doc-2017-18037
Loan Guaranty: Vendee Loan FeesRule2017-1610608/02/2017DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis document adopts as final a proposed rule of the Department of Veterans Affairs (VA) Loan Guaranty Service to amend its regulations to establish reasonable fees that VA may charge in connection with the origination and servicing o … This document adopts as final a proposed rule of the Department of Veterans Affairs (VA) Loan Guaranty Service to amend its regulations to establish reasonable fees that VA may charge in connection with the origination and servicing of vendee loans made by VA. Fees mentioned in this rulemaking are consistent with those charged in the private mortgage industry, and such fees will help VA to ensure the sustainability of this vendee loan program. The loans that will be subject to the fees are not veterans' benefits. This rule will also ensure that all direct and vendee loans made by the Secretary are safe harbor qualified mortgages.loan-guaranty-vendee-loan-feesFR-Doc-2017-16106
Amendments to the 2013 Mortgage Rules Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z); CorrectionRule2017-1379607/05/2017BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauThe Bureau of Consumer Financial Protection (Bureau) is making several corrections to the final rule it issued in August 2016 (2016 Mortgage Servicing Final Rule) amending certain of the Bureau's mortgage servicing rules. First, the B … The Bureau of Consumer Financial Protection (Bureau) is making several corrections to the final rule it issued in August 2016 (2016 Mortgage Servicing Final Rule) amending certain of the Bureau's mortgage servicing rules. First, the Bureau is correcting two typographical errors relating to the early intervention requirements. Second, the Bureau is making corrections relating to the effective date of official commentary relating to servicers' ability to remove certain language in periodic statement sample forms as an option when, for example, communicating with confirmed successors in interest; sample periodic statement forms that servicers may use for certain consumers in bankruptcy; and official commentary relating to the bankruptcy periodic statement exemptions and modified statements. The corrected effective date for the sample periodic statement forms and commentary will be April 19, 2018. Third, the Bureau is amending the Bureau's authority citation for Regulation Z.amendments-to-the-2013-mortgage-rules-under-the-real-estate-settlement-procedures-act-regulation-xFR-Doc-2017-13796
Veterans Benefits Administration; Loan Guaranty: Technical CorrectionsRule2017-0332902/21/2017DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentOn June 15, 2010, VA published a document in the Federal Register eliminating redundant provisions from its loan guaranty regulations following the implementation of a new electronic reporting system and redesignating the secti … On June 15, 2010, VA published a document in the Federal Register eliminating redundant provisions from its loan guaranty regulations following the implementation of a new electronic reporting system and redesignating the section numbers of these regulations. At that time, VA did not update cross-reference citations to conform to the redesignated sections. A subsequent notice updated some, but not all, cross-reference citations. VA is now updating the remaining non- substantive, cross-reference citations for clarity and accuracy.veterans-benefits-administration-loan-guaranty-technical-correctionsFR-Doc-2017-03329
Loan Guaranty Vendee Loan FeesProposed Rule2016-2573810/26/2016DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis document proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations to establish reasonable fees that VA may charge in connection with the origination and servicing of vendee loans made by V … This document proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations to establish reasonable fees that VA may charge in connection with the origination and servicing of vendee loans made by VA. Fees proposed in this rulemaking are consistent with those charged in the private mortgage industry, and such fees would help VA to ensure the sustainability of this vendee loan program. The loans that would be subject to the fees are not veterans' benefits. This rule would also ensure that all direct and vendee loans made by the Secretary are safe harbor qualified mortgages.loan-guaranty-vendee-loan-feesFR-Doc-2016-25738
Amendments to the 2013 Mortgage Rules Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z)Rule2016-1890110/19/2016BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauThe Bureau of Consumer Financial Protection (Bureau) is amending certain mortgage servicing rules issued by the Bureau in 2013. This final rule clarifies, revises, or amends provisions regarding force-placed insurance notices, polic … The Bureau of Consumer Financial Protection (Bureau) is amending certain mortgage servicing rules issued by the Bureau in 2013. This final rule clarifies, revises, or amends provisions regarding force-placed insurance notices, policies and procedures, early intervention, and loss mitigation requirements under Regulation X's servicing provisions; and prompt crediting and periodic statement requirements under Regulation Z's servicing provisions. The final rule also addresses proper compliance regarding certain servicing requirements when a person is a potential or confirmed successor in interest, is a debtor in bankruptcy, or sends a cease communication request under the Fair Debt Collection Practices Act. The final rule also makes technical corrections to several provisions of Regulations X and Z. The Bureau is issuing concurrently with this final rule an interpretive rule under the Fair Debt Collection Practices Act relating to servicers' compliance with certain mortgage servicing rules.amendments-to-the-2013-mortgage-rules-under-the-real-estate-settlement-procedures-act-regulation-xFR-Doc-2016-18901
Project Approval for Single-Family CondominiumsProposed Rule2016-2325809/28/2016DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTHousing and Urban Development DepartmentThis proposed rule would implement HUD's authority under the single-family mortgage insurance provisions of the National Housing Act to insure one-family units in a multifamily project, including a project in which the dwelling units a … This proposed rule would implement HUD's authority under the single-family mortgage insurance provisions of the National Housing Act to insure one-family units in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or detached, and an undivided interest in the common areas and facilities which serve the project. The rule would codify requirements for Direct Endorsement lenders to meet in order to be approved for the Direct Endorsement Lender Review and Approval Process (DELRAP) authority for condominiums, and basic standards that projects must meet to be approved as condominiums in which individual units would be eligible for mortgage insurance, as well as particular cases such as Single-Unit Approvals and site condominiums. The rule provides a method by which certain approval standards could be varied efficiently to meet market needs while providing for public comment where appropriate. Currently, single-family condominium project approval is provided under HUD's Condominium Project Approval and Processing Guide and related Mortgagee Letters. Condominiums under this rule are distinct from condominiums in which the project has a blanket mortgage insured by HUD.project-approval-for-single-family-condominiumsFR-Doc-2016-23258
Federal Civil Penalties Adjustment Act AmendmentsRule2016-2273209/23/2016DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThe Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties a … The Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties and requires federal agencies to give notice of the new maximum amounts by regulation. This final rule of the Department of Veterans Affairs (VA) adopts without change VA's interim final rule, which increased maximum civil monetary penalties from $10,000 to $21,563 for false loan guaranty certifications and from $5,500 to $10,781 for fraudulent claims or fraudulent statements in any VA program.federal-civil-penalties-adjustment-act-amendmentsFR-Doc-2016-22732
Loan Guaranty: Delegation of AuthorityRule2016-2049908/29/2016DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis document amends the Department of Veterans Affairs (VA) loan guaranty regulations to correct an oversight in the delegation of authority to exercise the powers and functions of the Secretary with respect to the guaranty or insuran … This document amends the Department of Veterans Affairs (VA) loan guaranty regulations to correct an oversight in the delegation of authority to exercise the powers and functions of the Secretary with respect to the guaranty or insurance of loans and the rights and liabilities arising therefrom. This document also incorporates into regulatory form delegatory authority already granted certain VA loan guaranty officials to administer and manage properties acquired by VA.loan-guaranty-delegation-of-authorityFR-Doc-2016-20499
Federal Civil Penalties Adjustment Act AmendmentsRule2016-1459206/22/2016DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThe Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties a … The Federal Civil Monetary Penalties Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sets forth a formula increasing the maximum statutory amounts for civil monetary penalties and requires federal agencies to give notice of the new maximum amounts by regulation. Accordingly, this document gives notice that the Department of Veterans Affairs (VA) is increasing maximum civil monetary penalties from $10,000 to $21,563 for false loan guaranty certifications and from $5,500 to $10,781 for fraudulent claims or fraudulent statements in any VA program.federal-civil-penalties-adjustment-act-amendmentsFR-Doc-2016-14592
Finalization of Interim Final Rules (Subject to Any Intervening Amendments) Under Consumer Financial Protection LawsRule2016-0943104/28/2016BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauTitle X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws from seven Federal agencies to the Bureau of Consumer Fi … Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws from seven Federal agencies to the Bureau of Consumer Financial Protection (Bureau) as of July 21, 2011. In December 2011, the Bureau republished the existing regulations implementing those laws, as previously adopted by the seven predecessor agencies, as interim final rules (December 2011 IFRs) with technical and conforming changes to reflect the transfer of authority and certain other changes made by the Dodd-Frank Act. The December 2011 IFRs did not impose any new substantive obligations on persons subject to the existing regulations. This final rule adopts the December 2011 IFRs as final, subject to any intervening final rules published by the Bureau.finalization-of-interim-final-rules-subject-to-any-intervening-amendments-under-consumer-financialFR-Doc-2016-09431
Loan Guaranty-Specially Adapted Housing Assistive Technology Grant ProgramRule2015-2328009/17/2015DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis rule adopts as final, without change, a proposed rule of the Department of Veterans Affairs (VA) to amend its regulations to provide grants for the development of new assistive technologies for use in specially adapted housing fo … This rule adopts as final, without change, a proposed rule of the Department of Veterans Affairs (VA) to amend its regulations to provide grants for the development of new assistive technologies for use in specially adapted housing for eligible veterans or servicemembers. The Veterans' Benefits Act of 2010 authorizes VA to provide grants of up to $200,000 per fiscal year to persons or entities to encourage the development of specially adapted housing assistive technologies. This final rule implements changes to VA regulations to clarify the process, the criteria, and the priorities relating to the award of these research and development grants.loan-guaranty-specially-adapted-housing-assistive-technology-grant-programFR-Doc-2015-23280
Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back PeriodRule2015-1977508/12/2015DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis document adopts as final, without change, a proposed rule of the Department of Veterans Affairs (VA) to amend its regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These r … This document adopts as final, without change, a proposed rule of the Department of Veterans Affairs (VA) to amend its regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These revisions align VA's disclosure and interest rate adjustment requirements with the implementing regulations of the Truth in Lending Act (TILA), as recently revised by the Consumer Financial Protection Bureau (CFPB). This rulemaking will ensure VA remains consistent with other applicable consumer finance and housing regulations governing adjustable rate mortgages.loan-guaranty-adjustable-rate-mortgage-notification-requirements-and-look-back-periodFR-Doc-2015-19775
Loan Guaranty: Elimination of Redundant Regulations; Technical CorrectionRule2015-1345606/16/2015DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentOn June 15, 2010, the Department of Veterans Affairs (VA) published a document in the Federal Register (75 FR 33704), amending its loan guaranty regulations to eliminate redundancies in the regulations that were a result of a new e … On June 15, 2010, the Department of Veterans Affairs (VA) published a document in the Federal Register (75 FR 33704), amending its loan guaranty regulations to eliminate redundancies in the regulations that were a result of a new electronic reporting system. At that time, we failed to update the cross-reference citations within the redesignated sections. On October 22, 2010 (75 FR 65238), Sections 36.4301 through 36.4323(e) were amended to replace the incorrect cross-reference citations with the accurate, updated cross-references. This document corrects the remaining redesignated sections (Sec. 36.4324 through Sec. 36.4393) to contain the correct and updated cross-reference citations. These nonsubstantive changes are made for clarity and accuracy.loan-guaranty-elimination-of-redundant-regulations-technical-correctionFR-Doc-2015-13456
Federal Housing Administration (FHA): Removal of Section 235 Home Ownership Program RegulationsRule2015-0759704/03/2015DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTHousing and Urban Development DepartmentThrough this rule, HUD removes the regulations for its Section 235 Program, which authorized HUD to provide mortgage subsidy payments to lenders to assist lower-income families who are unable to meet the credit requirements generall … Through this rule, HUD removes the regulations for its Section 235 Program, which authorized HUD to provide mortgage subsidy payments to lenders to assist lower-income families who are unable to meet the credit requirements generally applicable to FHA mortgage insurance programs. Authority to provide insurance to mortgagees under this program was terminated under the Housing and Community Development Act of 1987 and HUD has not provided new mortgage subsidy payments under this program since then. Because the regulations governing this program are no longer operative, they are being removed by this final rule. To the extent that any Section 235 mortgages remain in existence, or second mortgages for the recapture of subsidy payment pursuant to HUD's regulations governing the Section 235 Program (which was reserved by regulatory streamlining in 1995), the removal of these regulations does not affect the requirements for transactions entered into when Section 235 Program regulations were in effect. Assistance made available under the Section 235 Program will continue to be governed by the regulations that existed immediately before the effective date of this final rule.federal-housing-administration-fha-removal-of-section-235-home-ownership-program-regulationsFR-Doc-2015-07597
Federal Housing Administration (FHA): Standardizing Method of Payment for FHA Insurance ClaimsProposed Rule2015-0345702/20/2015DEPARTMENT OF HOUSING AND URBAN DEVELOPMENTHousing and Urban Development DepartmentThis proposed 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 affords the Secretary discretion to pay insurance claims i … This proposed 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 affords the Secretary discretion to pay insurance claims in cash or debentures. Although HUD has given mortgagees the option to elect payment of FHA insurance claims in debentures in some sections of HUD's regulations, HUD has not paid an FHA insurance claim under these regulations using debentures in approximately 5 years. This proposed rule would amend applicable FHA regulations to bring consistency in determining the method of payment for FHA insurance claims.federal-housing-administration-fha-standardizing-method-of-payment-for-fha-insurance-claimsFR-Doc-2015-03457
Amendments to the 2013 Integrated Mortgage Disclosures Rule Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z) and the 2013 Loan Originator Rule Under the Truth in Lending Act (Regulation Z)Rule2015-0132102/19/2015BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauThis final rule modifies the 2013 TILA-RESPA Final Rule. This rule extends the timing requirement for revised disclosures when consumers lock a rate or extend a rate lock after the Loan Estimate is provided and permits certain … This final rule modifies the 2013 TILA-RESPA Final Rule. This rule extends the timing requirement for revised disclosures when consumers lock a rate or extend a rate lock after the Loan Estimate is provided and permits certain language related to construction loans for transactions involving new construction on the Loan Estimate. This rule also amends the 2013 Loan Originator Final Rule to provide for placement of the Nationwide Mortgage Licensing System and Registry ID (NMLSR ID) on the integrated disclosures. Additionally, the Bureau is making non-substantive corrections, including citation and cross- reference updates and wording changes for clarification purposes, to various provisions of Regulations X and Z as amended or adopted by the 2013 TILA-RESPA Final Rule.amendments-to-the-2013-integrated-mortgage-disclosures-rule-under-the-real-estate-settlementFR-Doc-2015-01321
Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back PeriodProposed Rule2015-0168101/29/2015DEPARTMENT OF VETERANS AFFAIRSVeterans Affairs DepartmentThis document proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These revisions would align … This document proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These revisions would align VA's disclosure and interest rate adjustment requirements with the implementing regulations of the Truth in Lending Act (TILA), as recently revised by the Consumer Financial Protection Bureau (CFPB). Specifically, the rule would amend the timing, content, and format requirements for the disclosures provided to borrowers prior to an interest-rate adjustment. The proposed regulation would also require that an interest-rate adjustment correspond with the interest rate index available 45 days prior to the adjustment. This proposed rulemaking would ensure VA's consistency with other applicable consumer finance and housing regulations governing adjustable rate mortgages.loan-guaranty-adjustable-rate-mortgage-notification-requirements-and-look-back-periodFR-Doc-2015-01681
Amendments to the 2013 Mortgage Rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z)Proposed Rule2014-2816712/15/2014BUREAU OF CONSUMER FINANCIAL PROTECTIONConsumer Financial Protection BureauThe Bureau of Consumer Financial Protection (Bureau) is proposing amendments to certain mortgage servicing rules issued in 2013. These proposed amendments focus primarily on clarifying, revising, or amending provisions regarding for … The Bureau of Consumer Financial Protection (Bureau) is proposing amendments to certain mortgage servicing rules issued in 2013. These proposed amendments focus primarily on clarifying, revising, or amending provisions regarding force-placed insurance notices, policies and procedures, early intervention, and loss mitigation requirements under Regulation X's servicing provisions; and periodic statement requirements under Regulation Z's servicing provisions. The proposed amendments also address proper compliance regarding certain servicing requirements when a consumer is a potential or confirmed successor in interest, is in bankruptcy, or sends a cease communication request under the Fair Debt Collection Practices Act. The proposed rule makes technical corrections to several provisions of Regulations X and Z. The Bureau requests public comment on these changes.amendments-to-the-2013-mortgage-rules-under-the-real-estate-settlement-procedures-act-regulation-xFR-Doc-2014-28167
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