[Federal Register Volume 60, Number 6 (Tuesday, January 10, 1995)]
[Rules and Regulations]
[Pages 2642-2643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-553]
[[Page 2641]]
_______________________________________________________________________
Part V
Department of Housing and Urban Development
_______________________________________________________________________
Office of the Assistant Secretary for Housing-Federal Housing
Commissioner
_______________________________________________________________________
24 CFR Part 3500
Real Estate Settlement Procedures Act, Section 6 Transfer of Servicing
of Mortgage Loans (Regulation X); Correction; Final Rule
Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Rules
and Regulations
[[Page 2642]]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Housing-Federal Housing
Commissioner
24 CFR Part 3500
[Docket No. R-95-1538; FR-2942-C-06]
RIN 2502-AG27
Real Estate Settlement Procedures Act, Section 6 Transfer of
Servicing of Mortgage Loans (Regulation X); Correction
AGENCY: Office of the Assistant Secretary for Housing-Federal Housing
Commissioner (HUD).
ACTION: Correction to final rule.
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SUMMARY: The final rule published on December 19, 1994 (59 FR 65442),
contains an error in Appendix MS-1 to Part 3500, the Servicing
Disclosure Statement. As published, page 65455 did not include the
Acknowledgment of Mortgage Loan Applicant that was referenced in the
rule text. Therefore, this correction replaces page 65455 and includes
the missing Acknowledgment. In addition, a correction is made to a
cross-reference in Sec. 3500.21(e) of the rule.
DATES: This correction will take effect on the effective date of the
final rule, June 19, 1995. However, the Department continues to
encourage persons covered by the new rule to implement all of its
provisions, including this correction to the Acknowledgment in the
Servicing Disclosure Statement, earlier than the rule's effective date.
FOR FURTHER INFORMATION CONTACT: David R. Williamson, Director, RESPA
Staff, Room 5239, Department of Housing and Urban Development, 451 7th
Street, SW., Washington, DC 20410, telephone (202) 708-4560. The TDD
number for hearing-impaired persons is (202) 708-4594. (These are not
toll-free numbers.)
SUPPLEMENTARY INFORMATION: Under the Real Estate Settlement Procedures
Act of 1974 (12 U.S.C. 2601 et seq.), the Secretary is to publish
regulations implementing the requirements in Section 6 (12 U.S.C. 2605)
concerning the servicing of mortgage loans. The final rule published on
December 19, 1994, contained a wrong cross-reference and an error in
the Servicing Disclosure Statement in one of the appendices.
Accordingly, FR Doc. 94-30413, the final rule on Real Estate
Settlement Procedures Act, Section 6 Transfer of Servicing of Mortgage
Loans (Regulation X); and Real Estate Settlement Procedures Act
(Regulation X); Escrow Accounting Procedures: Technical Correction,
published December 19, 1994 (59 FR 65442), is corrected as follows:
Sec. 3500.21 [Corrected]
1. On page 65450, in the third column, in the first sentence of
Sec. 3500.21(e)(2)(i), the cross-reference to ``paragraph (f)'' is
corrected to read ``paragraph (e)''.
Appendix MS-1 to Part 3500 [Corrected]
2. The text on page 65455, in Appendix MS-1 to Part 3500, Servicing
Disclosure Statement, is corrected by adding a second paragraph under
the Instructions to Preparer, as the instructions begin on page 65454,
and by adding the Acknowledgment of Mortgage Loan Applicant, including
signature and date lines, to read as follows:
BILLING CODE 4210-27-P
[[Page 2643]]
[GRAPHIC][TIFF OMITTED]TR10JA95.001
BILLING CODE 4210-27-C
Dated: January 3, 1995.
Camille E. Acevedo,
Assistant General Counsel for Regulations.
[FR Doc. 95-553 Filed 1-9-95; 8:45 am]
BILLING CODE 4210-27-P
