[Federal Register Volume 65, Number 248 (Tuesday, December 26, 2000)]
[Rules and Regulations]
[Pages 81326-81329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-32779]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight
12 CFR Chapter XVII
RIN 2550-AA14
Reorganization of the Office of Federal Housing Enterprise
Oversight Regulations
AGENCY: Office of Federal Housing Enterprise Oversight, HUD.
ACTION: Final rule.
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SUMMARY: The Office of Federal Housing Enterprise Oversight (OFHEO) is
reorganizing and renumbering its regulations. The effect is to achieve
a more logical and efficient presentation of current regulations and to
provide a framework for new regulations. In promulgating this
reorganizational regulation, OFHEO finds that notice and public comment
are not necessary. Accordingly, this final regulation is effective upon
publication in the Federal Register.
EFFECTIVE DATE: This regulation is effective December 26, 2000.
FOR FURTHER INFORMATION CONTACT: David W. Roderer, Deputy General
Counsel, Office of Federal Housing Enterprise Oversight, 1700 G.
Street, NW., Fourth Floor, Washington, DC 20552, telephone (202) 414-
6924 (not a toll free number). The telephone number for the
Telecommunications Device for the Deaf is: (800) 877-8339.
SUPPLEMENTARY INFORMATION: On July 27, 2000, the Office of Federal
Housing Enterprise Oversight (OFHEO) published a notice of its
intention to undertake a regulatory project to ensure the adoption and
implementation of various written policies and procedures for the
supervision of the Federal National Mortgage Association and the
Federal Home Loan Mortgage Corporation. See 65 FR 46119 (July 27,
2000). This final regulation makes technical and organizational changes
to the numbering of existing regulations so they will fit logically
within a new framework of the regulatory project that will incorporate
additional rulemaking. Section 553(b)(3)(A) of Title 5, United States
Code, provides that when regulations involve matters of agency
organization, procedure or practice, the agency may publish regulations
in final form and that a delayed effective date is unnecessary. 5
U.S.C. 553(d).
The final regulation adds three new subchapter headings, amends one
subchapter heading, redesignates existing parts and conforms internal
cross-references therein. The following derivation table shows the
origin of the material that is contained in each of the newly
designated subchapters and parts.
Subchapter A--OFHEO Organization and Functions
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New part Subject matter Old part
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1700................................ Organization and 1700
Functions.
1702................................ Privacy Act of 1974.... 1720
1703................................ Release of Information. 1710
1704................................ Debt Collection........ 1730
1705................................ Equal Access to Justice 1735
Act Amendment.
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Subchapter B--[Reserved]
Subchapter C--Safety and Soundness
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Part Subject matter Part
------------------------------------------------------------------------
1750................................ Capital................ 1750
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Subchapter D--Rules of Practice and Procedure
------------------------------------------------------------------------
Part Subject matter Part
------------------------------------------------------------------------
1780................................ Rules of Practice and 1780
Procedure.
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With the renumbering of OFHEO's regulations, the section reference
and internal cross-references to old part and section numbers must also
be changed. As such, each new part addresses amendatory cross-
references in a table reflecting the new sections, the cross-sections
to be deleted, and the new cross-sections to be added.
Regulatory Impact
This is a technical rule that reorganizes OFHEO's regulations
without substantive change to the rule and will not impose any
substantive regulatory requirements. It is not a significant regulatory
action under Executive Order 12866, 58 FR 51735 (Oct. 4, 1993), or a
``rule'' under the Regulatory Flexibility Act, 5 U.S.C. 601 et seq., or
the Small Business Regulatory Enforcement Act, 5 U.S.C. 804(3)(C).
Consequently, no regulatory impact assessment is required, no
regulatory flexibility analysis is required, and no report to Congress
or GAO is required.
OFHEO has determined that there is good cause for issuing this rule
without notice and public comment. Section 553(b)(3) of Title 5, United
States Code, provides that when regulations involve matters of agency
organization, procedure or practice, the agency may publish regulations
in final form. Additionally, OFHEO finds that there is
[[Page 81327]]
good cause for having this rule take effective immediately pursuant to
5 U.S.C. 553(d).
List of Subjects in 12 CFR Parts 1700 Through 1790
Organization and functions (Government agencies).
Accordingly, for the reasons stated in the preamble, OFHEO is
amending 12 CFR chapter XVII as follows:
1. Revise the heading of subchapter A to read ``OFHEO Organization
and Functions.''
2. Redesignate part 1720 as new part 1702.
PART 1702--IMPLEMENTATION OF THE PRIVACY ACT OF 1974
3. The authority citation for new part 1702 continues to read as
follows:
Authority: 5 U.S.C. 552a; 12 U.S.C. 4513(b).
4. Amend cross-references in new part 1702 as indicated in the
table below. For each new designated section indicated in the left
column, remove the cross-reference indicated in the middle column and,
in its place, add the new cross-reference indicated in the right
column:
------------------------------------------------------------------------
Remove Cross-
New Section Reference Add Cross-Reference
------------------------------------------------------------------------
1702.1(a)................... part 1720 (twice)... part 1702 (twice)
1702.2...................... part 1720........... part 1702
1702.4(a)................... Sec. 1720.3(b)(3).. Sec. 1702.3(b)(3)
1702.4(a)(2)................ Sec. 1720.5........ Sec. 1702.5
1702.4(b)(1)................ Sec. 1720.3(b)(3).. Sec. 1702.3(b)(3)
1702.4(d)................... Sec. 1720.9........ Sec. 1702.9
1702.7(b)................... Sec. 1720.6........ Sec. 1702.6
1702.8(b)................... Sec. 1720.12(b).... Sec. 1702.12(b)
1702.8(c)................... Sec. 1720.9........ Sec. 1702.9
1702.9(a)................... Sec. 1720.3(b)(3).. Sec. 1702.3(b)(3)
1702.9(a)................... Sec. 1720.7........ Sec. 1702.7
1702.10(b).................. Sec. 1720.12(b).... Sec. 1702.12(b)
1702.10(d)(2)............... Sec. 1720.12(b).... Sec. 1702.12(b)
1702.11(a)(4)............... Sec. 1720.2........ Sec. 1702.2
1702.11(b).................. Sec. 1720.6........ Sec. 1702.6
1702.12(a).................. Sec. 1720.11....... Sec. 1702.11
1702.12(a).................. Sec. 1720.11(a)(3). Sec. 1702.11(a)(3)
1702.13(a).................. Sec. 1720.12(a).... Sec. 1702.12(a)
1702.13(a).................. Sec. 1720.6........ Sec. 1702.6
1702.13(b).................. Sec. 1720.12....... Sec. 1702.12
1702.13(b).................. Sec. 1720.11(a)(6)( Sec. 1702.11(a)(6)(
v). v)
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5. Redesignate part 1710 as new part 1703 and revise the heading to
read as follows:
PART 1703--RELEASE OF INFORMATION
6. The authority citation for new part 1703 continues to read as
follows:
Authority: 5 U.S.C. 301, 552; 12 U.S.C. 4513, 4522, 4639; E.O.
12600; 3 CFR, 1987 Comp., p. 235.
7. Amend cross-references in new part 1703 as indicated in the
table below. For each new designated section indicated in the left
column, remove the cross-reference indicated in the middle column and,
in its place, add the new cross-reference indicated in the right
column:
------------------------------------------------------------------------
Remove Cross-
New Section Reference Add Cross-Reference
------------------------------------------------------------------------
1703.1...................... Sec. 1710.2........ Sec. 1710.2
1703.1...................... part 1710........... part 1703
1703.12(a)(1)............... Sec. 1710.9........ Sec. 1703.9
1703.12(b).................. Sec. 1710.11(b).... Sec. 1703.11(b)
1703.13(a).................. Sec. 1710.17(a).... Sec. 1703.17(a)
1703.15(b)(2)............... Sec. 1710.11(b).... Sec. 1703.11(b)
1703.15(b)(4)............... Sec. 1710.16....... Sec. 1703.16
1703.16(b).................. Sec. 1710.13....... Sec. 1703.13
1703.16(b).................. Sec. 1710.17(b).... Sec. 1703.17(b)
1703.17(b).................. Sec. 1710.16....... Sec. 1703.16
1703.18(b)(1)............... Sec. 1710.11(b)(4). Sec. 1703.11(b)(4)
1703.18(c).................. Sec. 1710.11(b)(4). Sec. 1703.11(b)(4)
1703.18(d)(2)............... Sec. 1710.11(b)(4). Sec. 1703.11(b)(4)
1703.18(e)(1)............... Sec. 1710.11(b)(4). Sec. 1703.11(b)(4)
1703.21(b).................. Sec. 1710.22(b)(1)( Sec. 1703.22(b)(1)(
i). i)
1703.21(b).................. Sec. 1710.22(b)(1)( Sec. 1703.22(b)(1)(
ii). ii)
1703.22(a).................. Sec. 1710.23....... Sec. 1703.23
1703.23(a).................. Sec. 1710.24....... Sec. 1703.24
1703.23(b).................. Sec. 1710.22....... Sec. 1703.22
1703.23(e).................. Sec. 1710.22....... Sec. 1703.22
1703.23(g).................. Sec. 1710.22....... Sec. 1703.22
1703.24(a).................. Sec. 1710.23....... Sec. 1703.23
1703.24(c)(5)............... Sec. 1710.16....... Sec. 1703.16
1703.34(c).................. Sec. 1710.33....... Sec. 1703.33
1703.38(a).................. Sec. 1710.22(b)(1)( Sec. 1703.22(b)(1)(
i). i)
[[Page 81328]]
1703.40(b).................. Sec. 1710.33....... Sec. 1703.33
1703.40(b).................. Sec. 1710.34....... Sec. 1703.34
1703.40(b).................. Sec. 1710.37....... Sec. 1703.37
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8. Redesignate part 1730 as new part 1704.
PART 1704--DEBT COLLECTION
9. The authority citation for new part 1704 continues to read as
follows:
Authority: 5 U.S.C. 5514; 26 U.S.C. 6402(d); 31 U.S.C. 3701-
3720A.
10. Amend cross-references in new part 1704 as indicated in the
table below. For each new designated section indicated in the left
column, remove the cross-reference indicated in the middle column and,
in its place, add the new cross-reference indicated in the right
column:
------------------------------------------------------------------------
Remove Cross-
New Section Reference Add Cross-Reference
------------------------------------------------------------------------
1704.1(a)................... part 1730........... part 1704
1704.1(b)(1)................ part 1730........... part 1704
1704.1(b)(2)................ part 1730........... part 1704
1704.1(b)(3)................ part 1730........... part 1704
1704.1(b)(4)................ part 1730 (twice)... part 1704 (twice)
1704.2...................... part 1730 (twice)... part 1704 (twice)
1704.2(c)................... part 1730........... part 1704
1704.3(a)................... part 1730 (twice)... part 1704 (twice)
1704.21(b)(9)............... Sec. 1730.23....... Sec. 1704.23
1704.21(b)(12)(ii).......... U.S.C. 3729-3731.... U.S.C. 3729--3731
1704.23(a)(4)............... Sec. 1730.21(b).... Sec. 1704.21(b)
1704.29(a)(1)(ii)........... Sec. 1730.21....... Sec. 1704.21
1704.29(a)(1)(iii).......... Sec. 1730.23(b).... Sec. 1704.23(b)
1704.29(a)(1)(iv)........... Sec. 1730.24(b).... Sec. 1704.24(b)
1704.29(a)(2)............... Secs. 1730.24--1730 Secs. 1704.24--1704
.26. .26
1704.29(a)(2)(iii).......... Sec. Sec. 1730.24- Secs. 1704.24-1704.
-1730.26. 26
1704.32(a).................. when--.............. when--
1704.41..................... Sec. 1730.42 (three Sec. 1704.42 (three
times). times)
1704.42..................... Sec. 1730.41....... Sec. 1704.41
1704.51(c).................. Sec. 1730.53....... Sec. 1704.53
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11. Redesignate part 1735 as new part 1705.
PART 1705-IMPLEMENTATION OF THE EQUAL ACCESS TO JUSTICE ACT
12. The authority citation for new part 1705 continues to read as
follows:
Authority: 5 U.S.C. 504(c)(1).
13. Amend cross-references in new part 1705 as indicated in the
table below. For each new designated section indicated in the left
column, remove the cross-reference indicated in the middle column and,
in its place, add the new cross-reference indicated in the right
column:
------------------------------------------------------------------------
Remove Cross-
New Section Reference Add Cross-Reference
------------------------------------------------------------------------
1705.3(a)................... Sec. 1735.4(a)..... Sec. 1705.4(a)
1705.3(b)(1)................ Sec. 1735.5(b)..... Sec. 1705.5(b)
1705.5(a)................... Sec. 1735.6........ Sec. 1705.6
1705.10(a).................. Sec. 1735.4(a)..... Sec. 1705.4(a)
1705.10(a).................. Sec. 1735.4(b)..... Sec. 1705.4(b)
1705.10(a)(3)............... Sec. 1735.12....... Sec. 1705.12
1705.10(b).................. Sec. 1735.4(a)..... Sec. 1705.4(a)
1705.10(c).................. Sec. 1735.4(b)..... Sec. 1705.4(b)
1705.11(a).................. Sec. 1735.10(c)(4)( Sec. 1705.10(c)(4)(
i). i)
1705.21(a).................. Sec. 1735.25....... Sec. 1705.25
1705.22..................... Sec. 1735.25....... Sec. 1705.25
1705.25..................... Sec. 1735.27....... Sec. 1705.27
1705.26(a).................. Sec. 1735.25....... Sec. 1705.25
1705.26(b).................. Sec. 1735.27....... Sec. 1705.27
1705.26(d).................. Sec. 1735.4(a)..... Sec. 1705.4(a)
1705.26(e).................. Sec. 1735.4(b)..... Sec. 1705.4(b)
1705.27..................... Sec. 1735.26....... Sec. 1705.26
1705.27..................... Sec. 1735.25....... Sec. 1705.25
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[[Page 81329]]
14. Add and reserve subchapter heading B after new part 1705 as
follows:
Subchapter B--[Reserved]
15. Add subchapter heading C before part 1750 as follows:
Subchapter C--Safety and Soundness
16. Add subchapter heading D before part 1780 as follows:
Subchapter D--Rules of Practice and Procedure
Dated: December 19, 2000.
Armando Falcon, Jr.
Director, Office of Federal Housing Enterprise Oversight.
[FR Doc. 00-32779 Filed 12-22-00; 8:45 am]
BILLING CODE 4220-01-U