# Home Equity Conversion Mortgage Insurance Demonstration: Streamlining the Demonstration and Allowing Use of the Direct Endorsement Program
> **US Department of Housing and Urban Development** · Final rule. · Published 1995-12-21 · Effective 1996-01-22 · 60 FR 66476
## Document
- **Document number:** 95-31076
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 60 FR 66476
- **CFR reference:** 24 CFR 203
- **Publication date:** 1995-12-21
- **Effective date:** 1996-01-22
- **Docket:** Docket No. FR-2958-F-03
## Abstract

This rule makes final, without substantive changes, the interim rule that was promulgated by the Department on August 16, 1995, to amend HUD's regulations in 24 CFR parts 203 and 206. The interim rule simplified the Home Equity Conversion Mortgage (HECM) Insurance Demonstration and expedited the processing of HECMs by permitting use of the Direct Endorsement program. The interim rule also implemented the statutory disclosure amendments in section 334 of the Cranston- Gonzalez National Affordable Housing Act and made other changes, including technical and clarifying changes, to improve and streamline the program based on the first five years of the demonstration. This final rule does contain a correction to a technical error in the interim rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/12/21/95-31076/home-equity-conversion-mortgage-insurance-demonstration-streamlining-the-demonstration-and-allowing)
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