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Conforming Amendment to the Section 184 Indian Housing Loan Guarantee Program Regulations

HUD · hud-cdbg · Published 2014-03-05 · Effective 2014-04-04 · 79 FR 12382

Document

Document number
2014-04514
Federal Register citation
79 FR 12382
CFR reference
24 CFR 1005
Type
Rule
Action
Final rule.
Category
hud-cdbg
Agency
US Department of Housing and Urban Development
Publication date
2014-03-05
Effective date
2014-04-04
Docket
Docket No. FR-5772-F-01

Abstract

This final rule revises the regulations governing the Section 184 Indian Housing Loan Guarantee program (Section 184 program) to conform to a recent statutory change. The 2013 Consolidated and Further Continuing Appropriations Act amends section 184(d) of the Housing and Community Development Act of 1992 by authorizing HUD to increase the fee for the guarantee of Section 184 loans up to 3 percent of the principal obligation of the loan and to establish the amount of the fee by publishing a notice in the Federal Register. This final rule amends the Section 184 Indian Housing Loan Guarantee Program regulations to reflect this new authority. By notice published elsewhere in today's Federal Register, HUD is exercising this authority to increase the loan guarantee fee to 1.5 percent of the principal obligation from the current rate of 1 percent.

Source

Authoritative
Federal Register document
Machine
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