[Federal Register Volume 75, Number 85 (Tuesday, May 4, 2010)]
[Rules and Regulations]
[Page 23582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-10424]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Part 202

[Docket No. FR 5356-C-03]
RIN 2502-AI81


Federal Housing Administration: Continuation of FHA Reform--
Strengthening Risk Management Through Responsible FHA-Approved Lenders; 
Correction

AGENCY: Office of General Counsel, HUD.

ACTION: Final rule; correction.

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SUMMARY: HUD is correcting a final rule that appeared in the Federal 
Register of April 20, 2010 (75 FR 20718). This final rule adopted 
changes pertaining to the approval of mortgage lenders by the Federal 
Housing Administration (FHA) that are designed to strengthen FHA by 
improving its management of risk. Although the preamble to the final 
rule correctly provides that the revised net worth requirements will 
take effect for applicants to the FHA programs on May 20, 2010, the 
corresponding regulatory text incorrectly provides that the 
requirements will take effect on June 21, 2010. This document makes the 
necessary correction.

DATES: Effective Date: May 20, 2010.

FOR FURTHER INFORMATION CONTACT: Camille E. Acevedo, Associate General 
Counsel for Legislation and Regulations, Office of General Counsel, 
Department of Housing and Urban Development, 451 7th Street, SW., Room 
10276, Washington, DC 20410-8000; telephone number 202-708-1793 (this 
is not a toll-free number). Persons with hearing or speech impairments 
may access this number through TTY by calling the toll-free Federal 
Information Relay Service at 800-877-8339.

SUPPLEMENTARY INFORMATION: In FR Doc. 2010-8837 appearing on page 20718 
in the Federal Register of Tuesday, April 20, 2010, the following 
correction is made:


Sec.  202.5  [Corrected]

0
1. On page 20733, in the third column, in Sec.  202.5 General approval 
standards, in paragraph (n)(2)(i), ``Effective on June 21, 2010, 
applicants shall comply with the net worth requirements set forth in 
paragraphs (n)(2)(iii) of this section.'' is corrected to read 
``Effective on May 20, 2010, applicants shall comply with the net worth 
requirements set forth in paragraph (n)(2)(iii) of this section.''

    Dated: April 29, 2010.
Camille E. Acevedo,
Associate General Counsel for Legislation and Regulations.
[FR Doc. 2010-10424 Filed 5-3-10; 8:45 am]
BILLING CODE 4210-67-P