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ua13de04 1487. MARK-TO-MARKET PROGRAM AMENDMENTS (FR-4751)...


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[December 13, 2004 (Volume 69, Number 238)]
[Unified Agenda]
 [frwais.access.gpo.gov]
                         

[Page 73300-73305]
 
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD)

_______________________________________________________________________


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Part X





Department of Housing and Urban Development





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Semiannual Regulatory Agenda

[[Page 73300]]




DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Subtitles A and B

[Docket No. FR-4935-N-02]

Semiannual Regulatory Agenda

AGENCY: Department of Housing and Urban Development.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY: In accordance with section 4(b) of Executive Order 12866, 
``Regulatory Planning and Review,'' as amended, HUD is publishing its 
agenda of regulations already issued or that are expected to be issued 
during the next several months. The agenda also includes rules 
currently in effect that are under review and describes those 
regulations that may affect small entities as required by section 602 
of the Regulatory Flexibility Act. The purpose of publication of the 
agenda is to encourage more effective public participation in the 
regulatory process by providing the public with early information about 
pending regulatory activities.

FOR FURTHER INFORMATION CONTACT: Aaron Santa Anna, Assistant General 
Counsel for Regulations, Office of General Counsel, Department of 
Housing and Urban Development, Room 10276, 451 Seventh Street SW., 
Washington, DC 20410-0500, 202-708-3055. (This is not a toll-free 
number.) A telecommunications device for hearing- and speech-impaired 
individuals (TTY) is available at 800-877-8339 (Federal Information 
Relay Service).

SUPPLEMENTARY INFORMATION: Executive Order 12866, ``Regulatory Planning 
and Review'' (58 FR 51735), as amended by Executive Order 13258 (67 FR 
9385), requires each agency to publish semiannually an agenda of (1) 
regulations that the agency has issued or expects to issue, and (2) 
rules currently in effect that are under agency review. The Regulatory 
Flexibility Act (5 U.S.C. 601-612) requires each agency to publish 
semiannually a regulatory agenda of rules expected to be proposed or 
promulgated that are likely to have a significant economic impact on a 
substantial number of ``small entities,'' meaning small businesses, 
small organizations, or small governmental jurisdictions.

     Executive Order 12866, as amended, and the Regulatory 
Flexibility Act each permits incorporation of the agenda required 
by these two authorities with any other prescribed agenda. 
Therefore, the agenda set out below combines the information 
required by Executive Order 12866, as amended, and the Regulatory 
Flexibility Act. In addition, the agenda contains certain 
information not required by either the Executive order or by the 
Regulatory Flexibility Act which the Department considers useful, 
both better to inform the public and to enhance the Department's 
own inventory control over its body of regulations.

     Section 610(c) of the Regulatory Flexibility Act requires each 
agency to publish annually a list of the rules that have a 
significant economic impact on a substantial number of small 
entities, and that are to be reviewed in accordance with the 
requirements of section 610 during the succeeding 12 months. 
Existing regulations that HUD proposes to amend by rules described 
and published in this agenda are reviewed in accordance with the 
principles of section 610 of the Regulatory Flexibility Act. The 
purpose of the review is to determine whether the rule should be 
continued without change, amended, or rescinded. Proposed changes 
to existing regulations provide the opportunity for the Department 
to conduct a section 610 review.

     The Department also is subject to certain rulemaking 
requirements set forth in the Department of Housing and Urban 
Development Act (42 U.S.C. 3531 et seq.). Section 7(o) of the 
Department of Housing and Urban Development Act (42 U.S.C. 3535(o)) 
requires that the Secretary transmit to the congressional 
committees having jurisdictional oversight of HUD (the Senate 
Committee on Banking, Housing, and Urban Affairs and the House 
Committee on Banking and Financial Services), a semiannual agenda 
of all rules or regulations which are under development or review 
by the Department. A rule appearing on the agenda cannot be 
published for comment before or during the first 15 calendar days 
after transmittal of the agenda. Section 7(o) provides that if, 
within that period, either committee notifies the Secretary that it 
intends to review any rule or regulation which appears on the 
agenda, the Secretary must submit to both committees a copy of the 
rule or regulation, in the form it is intended to be proposed, at 
least 15 calendar days before it is published for comment. The 
semiannual agenda published today is the agenda transmitted to the 
committees in compliance with this requirement.

     HUD has attempted to list in this agenda all regulations and 
regulatory reviews pending at the time of publication, except for 
minor and routine or repetitive actions, but some may have been 
inadvertently omitted, or may have arisen too late to be included 
in the published agenda. There is no legal significance to the 
omission of an item from the agenda. Also, where dates are provided 
for the next rulemaking actions, the dates are estimates and are 
not commitments to act on or by the date shown.

     In some cases, HUD has withdrawn rules that were placed on 
previous agendas for which there has been no publication activity. 
Withdrawal of a rule does not necessarily mean that HUD will not 
proceed with the rulemaking. Withdrawal allows HUD to assess the 
subject matter further and determine whether rulemaking for this 
subject matter is appropriate. Following this review, the 
Department may determine that certain rules listed as withdrawn 
under this agenda are appropriate. If that determination is made, 
the rules will be included in a succeeding semiannual agenda.

     In addition, for a few rules that have been published as 
proposed or interim rules and, therefore, require further 
rulemaking, HUD has identified the timing of the next action stage 
as ``undetermined.'' These are rules that are still under review by 
HUD for which a determination of the next action stage and timing 
of the next action stage has not yet been made.

     The format of the agenda remains unchanged from previous 
years. HUD's agenda items are divided first by program office. 
Within each program office, the agenda items are divided into five 
groups: (i) pre-rulemaking actions; (ii) publication or other 
implementations of notices of proposed rulemaking; (iii) 
publications or other implementations of final rules; (iv) long-
term rules; and (v) completed actions. Within each grouping, rules 
are listed in chronological order by the part number of the CFR 
affected. Where a rule affects

[[Page 73301]]

multiple parts of the CFR, the rule is listed by the first affected 
part number.

     For this edition of the Department's regulatory agenda, the 
most important significant regulatory actions are included in The 
Regulatory Plan, which appears in part II of this issue of the 
Federal Register. The Regulatory Plan entries are listed in the 
table of contents below and are denoted by a bracketed bold 
reference, which directs the reader to the appropriate sequence 
number in part II.

     Since the purpose of publication of the agenda is to encourage 
more effective public participation in the regulatory process by 
providing the public with early information about the Department's 
future regulatory actions, HUD invites all interested members of 
the public to comment on the rules listed in the agenda.

Dated: September 28, 2004.

Roy A. Bernardi,

Deputy Secretary.

                                  Office of the Secretary--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1457        24 CFR 5 Providing for Electronic Submission of Grant Applications (FR-4875)..........    2501-AD02
1458        24 CFR 25 FHA Lenders and Mortgagees: Prohibiting Misleading Words in Names of Non-       2501-AC95
            Federally Supervised Entities and Strengthening Enforcement of Mortgagee Review Board
            Sanctions (FR-4765)...................................................................
1459        24 CFR 81 Release in the Public Use Database of the Government-Sponsored Enterprises'     2501-AD09
            Certain Mortgage Data and Annual Housing Activities Report (AHAR) Information (FR-
            4947).................................................................................
1460        24 CFR 84 Grants and Agreements--Uniform Requirements for All HUD Programs (FR-4930)..    2501-AD05
1461        24 CFR 91 Consolidated Plan Amendments (FR-4923) (Reg Plan Seq No. 76)................    2501-AD07
1462        24 CFR 5 Amendment to Definition of ``Person with Disabilities'' (FR-4939)............    2501-AD10
1463        24 CFR 8 Nondiscrimination Based on Disability: Multifamily Homeownership Projects (FR-   2501-AC87
            4776).................................................................................
1464        24 CFR 55 Environmental Review Procedures for Entities Assuming HUD Environmental         2501-AD11
            Responsibilities (FR-4954)............................................................
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                    Office of the Secretary--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1465        24 CFR 5 Implementation of Requirement for Use of Data Universal Numbering System         2501-AD01
            (DUNS) Identifier (FR-4876)...........................................................
1466        24 CFR 203 Treble Damages for Failure To Engage in Loss Mitigation (FR-4553) (Reg Plan    2501-AC66
            Seq No. 77)...........................................................................
1467        24 CFR 92 HOME Investment Partnerships Program, Amendments to Homeownership               2501-AD06
            Affordability Requirements (FR-4940)..................................................
1468        24 CFR 92 American Dream Downpayment Initiative (FR-4832).............................    2501-AC93
1469        24 CFR 888 Fair Market Rents Programs: Increased Fair Market Rents for Certain Areas      2501-AC75
            and Higher Payment Standards (FR-4606)................................................
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                                   Office of the Secretary--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1470        24 CFR 81 The Secretary of HUD's Regulation of Fannie Mae and Freddie Mac: Prohibiting    2501-AC76
            the Purchase of Certain Loans With High Costs and/or Predatory Features (FR-4614).....
1471        24 CFR 92 Home Investment Partnerships Program (FR-4833)..............................    2501-AC94
1472        24 CFR 84 Adoption of Revisions to OMB Circular A-110 (FR-4573).......................    2501-AC68
1473        24 CFR 5 Electronic Document Retention and Consumer Disclosure Requirements in HUD-       2501-AC79
            Related Transactions (FR-4686)........................................................
----------------------------------------------------------------------------------------------------------------


                                   Office of the Secretary--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1474        24 CFR 7 Equal Employment Opportunity: Revisions to Affirmative Employment Programs       2501-AD04
            Policy (FR-4929)......................................................................

[[Page 73302]]


1475        24 CFR 81 The Secretary of HUD's Regulation of Fannie Mae and Freddie Mac (FR-4790)...    2501-AC92
1476        24 CFR 5 Implementation of Executive Order 13279 for HUD Programs: Equal Protection of    2501-AD03
            the Laws for Faith-Based and Community Organizations (FR-4881)........................
----------------------------------------------------------------------------------------------------------------


                                        Office of Housing--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1477        24 CFR 206 Home Equity Conversion Mortgages (HECM): Long-Term Care Insurance (FR-4857)    2502-AI04
----------------------------------------------------------------------------------------------------------------


                                     Office of Housing--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
1478        24 CFR 25 Single Family Mortgage: Lender Compliance and Accountability (FR-4761)......    2502-AH87
1479        24 CFR 202.2 Duties and Responsibilities of Loan Correspondents and Sponsors (FR-4762)    2502-AH90
1480        24 CFR 203 Revisions to the Single Family Mortgage Insurance Program (FR-4831)........    2502-AI03
1481        24 CFR 203 Notice of Default Reporting (FR-4916)......................................    2502-AI20
1482        24 CFR 212 Housing Counseling Program (FR-4798) (Reg Plan Seq No. 78).................    2502-AH99
1483        24 CFR 291 Competitive Sales Procedures--Owner-Occupant Priority Over Nonprofit           2502-AI05
            Organizations (FR-4858)...............................................................
1484        24 CFR 203 Accelerated Claims and Asset Disposition Program (FR-4887).................    2502-AI14
1485        24 CFR 291 One Dollar Home Sales to Local Governments (FR 4862).......................    2502-AI15
1486        24 CFR 880 Distributions to Nonprofit Owners of Certain HUD-Assisted Multifamily          2502-AH52
            Rental Projects (FR-4602).............................................................
1487        24 CFR 401 Mark-to-Market Program Amendments (FR-4751)................................    2502-AH86
1488        24 CFR 207 HUD Multifamily Accelerated Processing Quality Assurance Enforcement (FR-      2502-AI01
            4836).................................................................................
1489        24 CFR 200 Hospital Mortgage Insurance Program (FR-4927)..............................    2502-AI22
1490        24 CFR 200 Disposition of HUD-Owned Multifamily Projects; Purchaser's Compliance With     2502-AI24
            State and Local Housing Laws and Requirements (FR-4941)...............................
1491        24 CFR 203 Due Diligence/Quality Control Plans (FR-4846)..............................    2502-AI02
1492        24 CFR 291 Disposition of HUD-Owned Single Family Assets in Asset Control Areas (FR-      2502-AH40
            4471).................................................................................
1493        24 CFR 291, subpart F Disposition of HUD-Acquired Single Family Property: Good            2502-AH72

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