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Removal of Regulation Specifying Minimum Face Value of Ginnie Mae Securities

HUD · hud-other · Published 2005-06-08 · Effective 2005-07-08 · 70 FR 33650

Document

Document number
05-11312
Federal Register citation
70 FR 33650
CFR reference
24 CFR 320
Type
Rule
Action
Final rule.
Category
hud-other
Agency
US Department of Housing and Urban Development
Publication date
2005-06-08
Effective date
2005-07-08
Docket
Docket No. FR-4856-F-02

Abstract

This final rule removes the regulation that specifies the current minimum face amount of any security issued by the Government National Mortgage Association (Ginnie Mae). The removal of the regulation allows Ginnie Mae to change the current minimum amount of $25,000. This final rule follows publication of a proposed rule on April 13, 2004. The Department gave careful consideration to the public comments and decided to adopt the proposed rule as final without change.

Source

Authoritative
Federal Register document
Machine
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