# Federal Housing Administration: Continuation of FHA Reform-Strengthening Risk Management Through Responsible FHA-Approved Lenders; Correction
> **US Department of Housing and Urban Development** · Final rule; correction. · Published 2010-05-04 · Effective 2010-05-20 · 75 FR 23582
## Document
- **Document number:** 2010-10424
- **Category:** hud-fha
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 75 FR 23582
- **CFR reference:** 24 CFR 202
- **Publication date:** 2010-05-04
- **Effective date:** 2010-05-20
- **Docket:** Docket No. FR 5356-C-03
## Abstract

HUD is correcting a final rule that appeared in the Federal Register of April 20, 2010 (75 FR 20718). This final rule adopted changes pertaining to the approval of mortgage lenders by the Federal Housing Administration (FHA) that are designed to strengthen FHA by improving its management of risk. Although the preamble to the final rule correctly provides that the revised net worth requirements will take effect for applicants to the FHA programs on May 20, 2010, the corresponding regulatory text incorrectly provides that the requirements will take effect on June 21, 2010. This document makes the necessary correction.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/05/04/2010-10424/federal-housing-administration-continuation-of-fha-reform-strengthening-risk-management-through)
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