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
2013_register
executive
2013-02-05
article
Federal Housing Administration (FHA): Hospital Mortgage Insurance Program-Refinancing Hospital Loans
Part V
Rules and Regulations
D09002ee1bdcaa578
D09002ee1bdcaa673
United States
Department of Housing and Urban Development
originator
org
United States Government Agency or Subagency
This rule revises the regulations governing FHA's Section 242 Hospital Mortgage Insurance Program (Section 242 program) for the purpose of codifying, in regulation, FHA's implementation of its authority to refinance existing loans of hospitals without FHA-insured mortgages, without conditioning the exercise of such authority on the expenditure of funds for construction or renovation. Hospitals with FHA's Section 242 mortgage insurance may refinance existing debt under section 223(a)(7) of the National Housing Act, and such refinancing under section 223(a)(7) is not conditioned upon the hospital undertaking new construction or renovation. When credit availability contracted considerably in 2008, FHA, in 2009, commenced the exercise of its authority to refinance the capital debt of hospitals without section 242 mortgage insurance. FHA exercised this authority through notices issued on July 1, 2009, and February 22, 2010. FHA initiated rulemaking to make this refinancing authority a permanent part of the Section 242 regulatory program through a January 29, 2010, proposed rule, which solicited comment on HUD's implementation of this refinancing authority to date. This final rule provides for codification in regulation of HUD's refinancing of existing debt and acquisitions for non-FHA insured loans of hospitals without conditioning such refinancing and acquisition on new construction or renovation. This rule makes certain changes to the regulations proposed January 2010 in response to public comments submitted on the proposed rule and further consideration of issues by HUD.
78 FR 8330
https://www.govinfo.gov/app/details/FR-2013-02-05/2013-02404
2013-02404
fr05fe13-12
RIN 2502-AI74
4210-67-P
Docket No. FR-5334-F-02
https://www.govinfo.gov/app/details/FR-2013-02-05/2013-02404
https://www.govinfo.gov/content/pkg/FR-2013-02-05/html/2013-02404.htm
https://www.govinfo.gov/content/pkg/FR-2013-02-05/pdf/2013-02404.pdf
Hospitals
Mortgage Insurance
Reporting and Recordkeeping Requirements
15 p.
8330
8344
78 FR 8330
Code of Federal Regulations
Title 24 Part 242
24 CFR Part 242
Regulation Identification Number 2502-AI74
RIN 2502-AI74
Federal Housing Administration (FHA): Hospital Mortgage Insurance Program-Refinancing Hospital Loans; Federal Register Vol. 78, Issue
RULE
2013-02404
V
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2013-03-07
Docket No. FR-5334-F-02
4210-67-P
2013-02404
Final rule.
This rule revises the regulations governing FHA's Section 242 Hospital Mortgage Insurance Program (Section 242 program) for the purpose of codifying, in regulation, FHA's implementation of its authority to refinance existing loans of hospitals without FHA-insured mortgages, without conditioning the exercise of such authority on the expenditure of funds for construction or renovation. Hospitals with FHA's Section 242 mortgage insurance may refinance existing debt under section 223(a)(7) of the National Housing Act, and such refinancing under section 223(a)(7) is not conditioned upon the hospital undertaking new construction or renovation. When credit availability contracted considerably in 2008, FHA, in 2009, commenced the exercise of its authority to refinance the capital debt of hospitals without section 242 mortgage insurance. FHA exercised this authority through notices issued on July 1, 2009, and February 22, 2010. FHA initiated rulemaking to make this refinancing authority a permanent part of the Section 242 regulatory program through a January 29, 2010, proposed rule, which solicited comment on HUD's implementation of this refinancing authority to date. This final rule provides for codification in regulation of HUD's refinancing of existing debt and acquisitions for non-FHA insured loans of hospitals without conditioning such refinancing and acquisition on new construction or renovation. This rule makes certain changes to the regulations proposed January 2010 in response to public comments submitted on the proposed rule and further consideration of issues by HUD.
Effective Date: March 7, 2013.
Roger E. Miller, Deputy Assistant Secretary for Healthcare Programs, Office of Healthcare Programs, Office of Housing, Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410-8000; telephone number 202-708-0599 (this is not a toll-free number). Hearing- and speech-impaired persons may access this number through TTY by calling the Federal Relay Service at 800-877-8339 (this is a toll-free number).
Hospitals
Mortgage Insurance
Reporting and Recordkeeping Requirements
Federal Housing Administration; Hospital Mortgage Insurance Program:
Refinancing Hospital Loans
,
Colette.Pollard@hud.gov
http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/notices/hsg
http://www.reginfo.gov/public/do/PRAMain
www.regulations.gov
Federal Register
Vol. 78, no. 24
Office of the Federal Register, National Archives and Records Administration
2013-02-05
continuing
daily
deposited
born digital
361 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2013-02-05
P0b002ee183c63dbb
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr05fe13
https://www.govinfo.gov/app/details/FR-2013-02-05
https://www.govinfo.gov/content/pkg/FR-2013-02-05/pdf/FR-2013-02-05.pdf
https://www.govinfo.gov/content/pkg/FR-2013-02-05/xml/FR-2013-02-05.xml
fdlp
7993
8344
DGPO
2013-02-05
2023-04-30
FR-2013-02-05
machine generated
eng
FR
FR-2013-02-05
78
24