Loan Guarantees for Indian Housing; Direct Guarantee Processing
HUD · hud-fha · Published 2002-04-19 · 67 FR 19492
Document
Document number
02-9511
Federal Register citation
67 FR 19492
CFR reference
24 CFR 50
Type
Rule
Action
Final rule.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
2002-04-19
Docket
Docket No. FR-4241-F-02
Abstract
This final rule for the Loan Guarantees for Indian Housing Program makes permanent a new direct guarantee procedure that is modeled on the FHA single family mortgage insurance direct endorsement procedure. Under this procedure, HUD staff are not involved in the processing or approval of individual loans before closing. The rule also reflects statutory changes to the program concerning environmental review requirements and the geographical area in which loan guarantees may be made.