[Federal Register Volume 80, Number 200 (Friday, October 16, 2015)]
[Proposed Rules]
[Pages 62510-62511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26379]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Part 203

[Docket No. FR-5742-N-02]
RIN 2502-AJ23


Federal Housing Administration (FHA): Single Family Mortgage 
Insurance Maximum Time Period for Filing Insurance Claims, Curtailment 
of Interest and Disallowance of Operating Expenses Incurred Beyond 
Certain Established Timeframes; Partial Withdrawal

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

ACTION: Partial withdrawal of proposed rule.

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SUMMARY: This document withdraws part of a proposed rule, published in 
the Federal Register on July 6, 2015, that proposed to establish a 
maximum time period within which an FHA-approved mortgagee must file a 
claim with FHA for insurance benefits, and to revise HUD's policies 
concerning the curtailment of interest and the disallowance of certain 
expenses incurred by a mortgagee as a result of the mortgagee's failure 
to timely initiate foreclosure or timely take such other action that is 
a prerequisite to submission of a claim for insurance. This withdrawal 
covers only the portion of the proposed rule that would have 
established the maximum time period within which an FHA-approved 
mortgagee must file a claim with FHA for insurance benefits.

DATES: As of October 16, 2015, HUD withdraws the proposed additions of 
Sec. Sec.  203.317a and 203.372, and proposed revision to Sec.  
203.318, published Monday, July 6, 2015 (80 FR 38410).

FOR FURTHER INFORMATION CONTACT: Ivery Himes, Director, Office of 
Single

[[Page 62511]]

Family Asset Management, Office of Housing, Department of Housing and 
Urban Development, 451 7th Street SW., Room 9172, Washington, DC 20410; 
telephone number 202-708-1672 (this is not a toll-free number). Persons 
with hearing or speech impairments may access this number by calling 
the Federal Relay Service at 800-877-8339 (this is a toll-free number).

SUPPLEMENTARY INFORMATION:

I. Background

    On July 6, 2015, HUD published in the Federal Register a proposed 
rule that would have added Sec.  203.372, establishing a maximum time 
period for filing a claim for insurance benefits, and Sec.  203.317a, 
providing that the contract of insurance would be terminated if a 
mortgagee failed to file a claim within the maximum time period 
specified in Sec.  203.372, to 24 CFR part 203. The proposed rule would 
have also revised Sec.  203.318 to refer to termination of the 
insurance contract under new Sec.  203.317a. Additionally, the proposed 
rule would amend Sec.  203.402, and revise the title of Sec.  203.474, 
related to proposals concerning the curtailment of interest and the 
disallowance of certain expenses incurred by a mortgagee as a result of 
the mortgagee's failure to timely initiate foreclosure or timely take 
such other action that is a prerequisite to submission of a claim for 
insurance.
    In response to public comments expressing concern over the 
implementation of the proposed provisions regarding the maximum time 
period within which an FHA-approved mortgagee must file a claim with 
FHA for insurance benefits, HUD is withdrawing the proposed additions 
of Sec. Sec.  203.317a and 203.372, and proposed revision to Sec.  
203.318. HUD will publish in the Federal Register any revised maximum 
time period for claim filing provisions in a proposed rule and solicit 
public comment on it.

List of Subjects in 24 CFR Part 203

    Hawaiian Natives, Home improvement, Indians-lands, Loan programs-
housing and community development, Mortgage insurance, Reporting and 
recordkeeping requirements, Solar energy.

    Partial Withdrawal of Proposed Rule. For the reasons stated in the 
preamble and under the authority of 42 U.S.C. 3535(d), HUD withdraws 
the proposed additions of Sec. Sec.  203.317a and 203.372, and proposed 
revision to Sec.  203.318, in 24 CFR part 203.

    Dated: October 7, 2015.
Edward L. Golding,
Principal Deputy Assistant Secretary for Housing.
[FR Doc. 2015-26379 Filed 10-15-15; 8:45 am]
BILLING CODE 4210-67-P