[Federal Register Volume 59, Number 57 (Thursday, March 24, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6925]


[[Page Unknown]]

[Federal Register: March 24, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner

24 CFR Parts 203 and 234

[Docket No. R-94-1647; FR-3445-F-02]
RIN 2502-AF93

 

Single Family and Manufactured Home FHA Insurance--Miscellaneous 
Amendments, Final Rule; Correction

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

ACTION: Final rule; Correction.

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SUMMARY: On July 30, 1993 (58 FR 40996), the Department published in 
the Federal Register, a final rule that implemented various provisions 
in the Housing and Community Development Act of 1992 that related to 
FHA single family and manufactured home loan limits, veterans exemption 
from certain equity requirements, establishment of mortgage insurance 
premiums, and the correction of defects in certain FHA insured homes. 
The purpose of this document is to correct certain editorial errors 
contained in 24 CFR parts 203 and 234 of that final rule.

EFFECTIVE DATE: August 30, 1993.

FOR FURTHER INFORMATION CONTACT: For Single Family Housing issues: 
Morris Carter, Director, Single Family Development Division, room 9272, 
Department of Housing and Urban Development, 451 Seventh Street, SW., 
Washington, DC 20410, telephone (202) 708-2700. A telecommunications 
device for deaf persons (TDD) is available at (202) 708-4594. (These 
are not toll-free telephone numbers.)
    For manufactured home loan issues: Robert J. Coyle, Director, Title 
I Insurance Division, room 9160, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Washington, DC 20410, telephone 
(202) 708-2880. A telecommunications device for deaf persons (TDD) is 
available at (202) 708-4594. (These are not toll-free telephone 
numbers.)

SUPPLEMENTARY INFORMATION: Accordingly, in FR Doc. 93-18038, a final 
rule published in the Federal Register on July 30, 1993 (58 FR 40996), 
24 CFR parts 203 and 234 is corrected to read as follows:


Sec. 203.18  [Corrected]

    1. On page 41002, in column one, in Sec. 203.18(e) introductory 
text, correct lines 8 through 10 to read, ``excess of the lesser of 100 
percent of the appraised value of the property or the cost of 
acquisition as of the date the''.


Sec. 203.18  [Corrected]

    2. On page 41002, in column three, in Sec. 203.18b(b)(1), correct 
line 2 to read, ``in paragraph (a) of this section must consist''.


Sec. 203.50  [Corrected]

    3. On page 41003, in column two, in Sec. 203.50(f)(1)(i), correct 
line 13 to read, ``the case of an eligible non-''.


Sec. 203.259a  [Corrected]

    4. On page 41003, in column two, in Sec. 203.259a(b), correct line 
4 to read, ``Sec. 203.284 or Sec. 203.285 for mortgages executed on 
or''.


Sec. 234.27  [Corrected]

    5. On page 41006, in column one, in Sec. 234.27(a)(2), in the 
paragraph heading, the word ``Limitation'' is lower-cased to read 
``limitation''.


Sec. 234.27  [Corrected]

    6. On page 41006, in column three, in Sec. 234.27(d)(4)(ii), lines 
1 and 2, are corrected to read, ``Borrower-paid closing costs allowed 
under Sec. 234.48(a) (1)-(2), except''.
    7. On page 41007, in column two, Sec. 234.48 is corrected by 
redesignating paragraph (a)(2)(v) as (a)(2)(vi); and by adding a new 
paragraph (a)(2)(v), to read as follows:


Sec. 234.48  Charges, fees or discounts.

    (a) * * *
    (2) * * *
    (v) Fees paid to an appraiser or inspector approved by the 
Commissioner for the appraisal and inspection, if required, of the 
property; and
* * * * *
    Dated: March 18, 1994.
Myra L. Ransick,
Assistant General Counsel for Regulations.
[FR Doc. 94-6925 Filed 3-23-94; 8:45 am]
BILLING CODE 4210-27-P