United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 1996_register executive 2010-09-24 article Part IV Rules and Regulations D09002ee1be02e366 D09002ee1be02e485 United States Department of Housing and Urban Development originator org United States Government Agency or Subagency On September 19, 1995 (60 FR 48596), HUD published an interim rule which amended its multifamily coinsurance regulations. The September 19, 1995 interim rule provided coinsuring lenders with two new options in dealing with defaulted coinsured mortgages. Specifically, the interim rule permitted certain coinsuring lenders to request that HUD endorse defaulted mortgages for full insurance. Additionally, the interim rule established a partial payment of claim procedure which permitted coinsuring lenders to advance funds to cure mortgage delinquencies on a coinsured mortgage and to reduce principal on that mortgage to a level that restored the financial viability of the project. This rule finalizes the policies and procedures set forth in the September 19, 1995 interim rule. Further, this final rule makes several clarifying and streamlining amendments to the September 19, 1995 interim rule. 61 FR 49036 https://www.govinfo.gov/app/details/FR-1996-09-17/96-23716 96-23716 fr17se96-23 RIN 2502-AG50 4210-27-M Docket No. FR-3813-F-02 https://www.govinfo.gov/app/details/FR-1996-09-17/96-23716 https://www.govinfo.gov/content/pkg/FR-1996-09-17/html/96-23716.htm https://www.govinfo.gov/content/pkg/FR-1996-09-17/pdf/96-23716.pdf 3 p. 49036 49038 61 FR 49036 Title 24 Part 24 CFR Part Title 24 Part 207 24 CFR Part 207 Title 24 Part 251 24 CFR Part 251 Title 24 Part 252 24 CFR Part 252 RIN 2502-AG50 Office of the Assistant Secretary for HousingFederal Housing Commissioner; Conversion From Coinsurance to Full Insurance; Federal Register Vol. 61, Issue RULE 96-23716 IV DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Docket No. FR-3813-F-02 4210-27-M 96-23716 Final rule.

On September 19, 1995 (60 FR 48596), HUD published an interim rule which amended its multifamily coinsurance regulations. The September 19, 1995 interim rule provided coinsuring lenders with two new options in dealing with defaulted coinsured mortgages. Specifically, the interim rule permitted certain coinsuring lenders to request that HUD endorse defaulted mortgages for full insurance. Additionally, the interim rule established a partial payment of claim procedure which permitted coinsuring lenders to advance funds to cure mortgage delinquencies on a coinsured mortgage and to reduce principal on that mortgage to a level that restored the financial viability of the project. This rule finalizes the policies and procedures set forth in the September 19, 1995 interim rule. Further, this final rule makes several clarifying and streamlining amendments to the September 19, 1995 interim rule.

October 17, 1996. Steven J. Hans, Housing Policy Officer, Department of Housing and Urban Development, 451 Seventh Street, SW, Washington, DC 20410-0500, Room 6278, telephone (202) 708-3730 ext. 2682. Hearing or speech-impaired individuals may access this number via TTY by calling the Federal Information Relay Service at 1-800-877-8339. (Other than the ``800'' number, these telephone numbers are not toll free.) Vol. 61, no. 181 Office of the Federal Register, National Archives and Records Administration 1996-09-17 continuing daily deposited born digital 240 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-1996-09-17 P0b002ee180a29345 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr17se96 https://www.govinfo.gov/app/details/FR-1996-09-17 https://www.govinfo.gov/content/pkg/FR-1996-09-17/pdf/FR-1996-09-17.pdf fdlp 48815 49043 DGPO 2010-09-24 2023-05-06 FR-1996-09-17 machine generated eng FR FR-1996-09-17 61 181