[Federal Register Volume 64, Number 61 (Wednesday, March 31, 1999)]
[Rules and Regulations]
[Page 15303]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-7920]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Parts 203 and 204

[Docket No. FR-4288-C-02]
RIN 2502-AH08


Builder Warranty for High-Ratio FHA-Insured Single Family 
Mortgages for New Homes

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

ACTION: Interim rule; technical correction.

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SUMMARY: On March 25, 1999, HUD published an interim rule revising the 
warranty requirements applicable to high-ratio FHA-insured single 
family mortgages on new homes. This document corrects errors in the 
preamble to that interim rule.

EFFECTIVE DATE: April 27, 1999.

FOR FURTHER INFORMATION CONTACT: Vance Morris, Director, Home Mortgage 
Insurance Division, Room 9266, Department of Housing and Urban 
Development, 451 7th St., Washington, DC 20410, 202-708-2700. (This is 
not a toll-free number.) For hearing- and speech-impaired persons, this 
number may be accessed via TTY by calling the Federal Information Relay 
Service at 1-800-877-8339.

SUPPLEMENTARY INFORMATION:
    On March 25, 1999, 64 FR 14572, HUD published an interim rule 
revising the warranty requirements applicable to high-ratio FHA-insured 
single family mortgages on new homes. Two errors in the preamble for 
that interim rule need correction. In explaining the meaning of ``new 
construction'' or ``new home'', we inadvertently omitted a ``not''. In 
footnote 1, we provided an Internet address that cannot be accessed by 
non-HUD servers.
    Accordingly, FR Doc. 99-7345, Builder Warranty for High-Ratio FHA-
Insured Single Family Mortgages for New Homes (FR-4288-I-01), published 
in the Federal Register on March 25, 1999 (64 FR 14572), is corrected 
as follows:
    1. On page 14572, second column, the second complete sentence is 
revised to read as follows: ``(In this preamble, ``new construction'' 
or ``new home'' refers to any home that was not completed earlier than 
1 year before the date of the application for mortgage insurance).''
    2. On page 14572, third column, footnote 1, the Internet address is 
amended to read ``http://www.hudclips.org/sub-nonhud/html/forms.htm''.

    Dated: March 26, 1999.
Camille E. Acevedo,
Assistant General Counsel for Regulations.
[FR Doc. 99-7920 Filed 3-30-99; 8:45 am]
BILLING CODE 4210-27-P