[Federal Register Volume 59, Number 62 (Thursday, March 31, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7750]


[[Page Unknown]]

[Federal Register: March 31, 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, 213, and 234

[Docket No. R-94-1557; FR-2867-C-03]
RIN 2502-AF07

 

Single Family Mortgage Insurance Program Mortgage Assumability 
and Release Requirements, Final Rule; Correction

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

ACTION: Final rule; Correction.

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SUMMARY: The purpose of this document is to make editorial corrections 
to a final rule published on August 11, 1993 (58 FR 42645), that 
implemented sections 203 (g) and (r) of the National Housing Act (the 
Act). It will also add an introductory paragraph (c) to Sec. 213.520, 
that was inadvertently omitted in the publication of the final rule.

EFFECTIVE DATE: September 10, 1993.

FOR FURTHER INFORMATION CONTACT: John J. Coonts, Director, Office of 
Insured Single Family Housing, room 9266, Department of Housing an 
Urban Development, 451 Seventh Street, SW., Washington, DC 20410. 
Telephone (202) 708-3046; TDD (202) 708-4594. (These are not toll-free 
numbers.)

SUPPLEMENTARY INFORMATION: Accordingly, FR Doc. 93-19180, a final rule 
published in the Federal Register on August 11, 1993 (58 FR 42645), is 
corrected to read as follows:
    1. On page 42647, in the preamble, in the first column, in the 
ninth line from the bottom of the page, the word ``mortgage'' is 
corrected to read ``mortgagee''.


Sec. 203.41  [Corrected]

    2. On page 42648, in Sec. 203.41(a)(4), in the middle column, in 
the second sentence, the word ``veteran's'' is corrected to read 
``veterans' ''.
    3. On page 42649, the amendatory instruction for item 4 in the 
first column and the amendatory instruction for item 5 in the third 
column, that reads ``would be'' is corrected to read ``is''.


Sec. 203.512  [Corrected]

    4. On page 42649, in Sec. 203.512(b), in the third column, the 
fifth line is corrected to read, ``property, or the sale or transfer of 
a beneficial interest in a trust''.
    5. On page 42649, in Sec. 203.512(c), in the third column, in the 
third line, correct ``sale or other'' to read ``sale of other'', and 
also remove the comma in line seven.
    6. On page 42650, in Sec. 213.520, the amendatory instruction is 
corrected to read, ``7. In Sec. 213.520, paragraph (b) and the 
introductory text of paragraph (c) are revised to read as follows:'', 
and the inadvertently omitted paragraph (c) introductory text is added 
to read as follows:


Sec. 213.520  Mortgage lien.

* * * * *
    (c) With the prior approval of the Secretary, the mortgaged 
property may be subject to a second mortgage held by a mortgagee not 
described in paragraph (b) of this section. Unless the mortgage is for 
the purpose described in paragraph (d) of this section, it shall meet 
the following requirements:
* * * * *


Sec. 234.66  [Corrected]

    7. On page 42650, in Sec. 234.66(a)(3)(ii), in the second column, 
in the sixth line, correct ``tights'' to read ``rights'' and add a 
closing parenthesis at the end of the sentence in line 10.
    8. On page 42650, in Sec. 234.66(a)(4), in the third column, in the 
ninth line, correct ``veteran's'' to read ``qualified veterans'''.
    9. On page 42651, in Sec. 234.66(d)(3), in the first column, the 
second line is corrected to read, ``the HOME and HOPE programs, rights 
under an option to purchase, pre-''.

    Dated: March 28, 1994.
Myra L. Ransick,
Assistant General Counsel for Regulations.
[FR Doc. 94-7750 Filed 3-30-94; 8:45 am]
BILLING CODE 4210-27-M