# Home Equity Conversion Mortgage Insurance Demonstration: Additional Streamlining; Correction
> **US Department of Housing and Urban Development** · Final rule; Correction. · Published 1997-03-19 · Effective 1996-12-26 · 62 FR 12952
## Document
- **Document number:** 97-6860
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 62 FR 12952
- **CFR reference:** 24 CFR 206
- **Publication date:** 1997-03-19
- **Effective date:** 1996-12-26
- **Docket:** Docket No. FR-2958-F-07
## Abstract

On September 17, 1996 (61 FR 49030), the Department issued a final rule to the changes proposed on May 10, 1996, to the Home Equity Conversion Mortgage (HECM) Insurance Demonstration. The final rule had an effective date of October 17, 1996, except that the amendment to the definition of ``principal limit'' in Sec. 206.3, had a delayed effective date of January 5, 1997. On December 26, 1996 (61 FR 67930), the Department further delayed the effective date of the definition of ``principal limit'' in Sec. 206.3 until May 1, 1997, but inadvertently did not change the date as it was set forth within the definition in two places. Today's notice corrects the references to the date contained in the definition of ``principal limit,'' as it was set forth in the December 26, 1996 publication to conform to the intent of the December 26, 1996 notice. Today's notice also makes two other technical corrections to conform with the intent of the September 17, 1996 final rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/03/19/97-6860/home-equity-conversion-mortgage-insurance-demonstration-additional-streamlining-correction)
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