[Federal Register Volume 60, Number 220 (Wednesday, November 15, 1995)]
[Notices]
[Page 57526]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28173]
[[Page 57525]]
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Part IV
Department of Housing and Urban Development
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Delegation and Redelegation of Authority Under Single Family Mortgage
Foreclosure Act of 1994; Notice
Federal Register / Vol. 60, No. 220 / Wednesday, November 15, 1995 /
Notices
[[Page 57526]]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Secretary
Office of the General Counsel
[Docket No. FR-3951-D-01]
Delegation and Redelegation of Authority Under Single Family
Mortgage Foreclosure Act of 1994
AGENCY: Office of the Secretary; Office of the General Counsel, HUD.
ACTION: Notice of delegation and redelegation of authority to appoint
foreclosure commissioners and to fix compensation under the Single
Family Mortgage Foreclosure Act of 1994.
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SUMMARY: In this notice, the Secretary delegates to the General
Counsel, who retains and redelegates this authority to HUD's Field
Assistant General Counsel, the authority under the Single Family
Mortgage Foreclosure Act of 1994 (the ``Act''), 12 U.S.C. 3751-3768, to
appoint a foreclosure commissioner or commissioners, or a substitute
foreclosure commissioner to replace a previously designated foreclosure
commissioner, and to fix compensation for the foreclosure
commissioners.
EFFECTIVE DATE: October 20, 1995.
FOR FURTHER INFORMATION CONTACT: Bruce S. Albright, Office of the
General Counsel, U. S. Department of Housing and Urban Development,
Room 9240, Washington, DC 20410, (202) 708-1272. A telecommunications
device for the hearing impaired (TDD) is available at (202) 708-3259.
(These are not toll free numbers.)
SUPPLEMENTARY INFORMATION: Section 805 of the Single Family Mortgage
Foreclosure Act of 1994, 12 U.S.C. 3754, authorizes the Secretary of
HUD to designate a foreclosure commissioner or commissioners, or a
substitute foreclosure commissioner to replace a previously designated
foreclosure commissioner, for the purpose of foreclosing on single
family mortgages held by the Secretary pursuant to Title I or Title II
of the National Housing Act or securing a loan obligated under Section
312 of the Housing Act of 1964, as further described in Section 803 of
the Act (12 U.S.C. 3752). Section 812 of the Act, 12 U.S.C. 3761,
authorizes the payment of a commission to the foreclosure commissioner
as authorized by the Secretary. These responsibilities are being
delegated by the Secretary to the General Counsel, who further
redelegates them to HUD's Field Assistant General Counsel.
Accordingly, the Secretary delegates, and the General Counsel
redelegates, authority as follows:
Section A. Authority Delegated and Redelegated
1. Under Section 805 of the Single Family Mortgage Foreclosure Act
of 1994, 12 U.S.C. 3754, the power to appoint a foreclosure
commissioner or commissioners, or a substitute foreclosure commissioner
to replace a previously designated foreclosure commissioner, is hereby
delegated to the General Counsel, who retains this authority and
redelegates it to HUD's Field Assistant General Counsel.
2. Under Section 812 of the Act, 12 U.S.C. 3761, the power to fix
compensation is hereby delegated to the General Counsel, who retains
this authority and redelegates it to HUD's Field Assistant General
Counsel.
Authority: 12 U.S.C. 1715b, 12 U.S.C. 3751-3768, 42 U.S.C.
3535(d).
Dated: October 20, 1995.
Henry G. Cisneros,
Secretary.
Dated: October 16, 1995.
Nelson A. Diaz,
General Counsel--Housing and Urban Development.
[FR Doc. 95-28173 Filed 11-14-95; 8:45 am]
BILLING CODE 4210-32-P
