96-3826. Mortgage Broker Fee Disclosure Rule: Notice of Future Meetings of Negotiated Rulemaking Advisory Committee

[Federal Register Volume 61, Number 34 (Tuesday, February 20, 1996)]
[Proposed Rules]
[Page 6334]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3826]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner

24 CFR Part 3500

[Docket No. FR-3780-N-05]
RIN 2502-AG40


Mortgage Broker Fee Disclosure Rule: Notice of Future Meetings of 
Negotiated Rulemaking Advisory Committee

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of committee meetings.

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SUMMARY: The Department has established a Negotiated Rulemaking 
Advisory Committee to address certain issues concerning indirect 
payments to mortgage brokers and certain other mortgage originators 
(retail lenders) and volume-based compensation. The committee, which 
consists of representatives with a definable stake in the outcome of a 
proposed rule, convened on two prior occasions, the first time on 
December 13-14, 1995, and again on January 18-19, 1996, in Washington, 
DC. This notice announces the time and place for the next meeting, and 
the tentative schedule for subsequent meetings of the committee. Any 
changes in the schedule will be announced in the Federal Register as 
far in advance of the meetings as possible. All of these meetings are 
open to the public.

DATES: The third meeting of the committee will be on February 22-23, 
1996. On Thursday, February 22, the meeting will start at 9:00 a.m. and 
will end at 5:00 p.m., and on Friday, February 23, the meeting will 
start at 9:00 a.m. and run until approximately 4:00 p.m. Additional 
meeting dates are included in the text of this notice.

ADDRESSES: The next meeting of the committee will be held in Courtroom 
A of the International Trade Commission Building, 500 E Street SW., 
Washington, D.C. 20436. Subsequent meetings announced in this notice 
are also expected to be held at the International Trade Commission 
Building.

FOR FURTHER INFORMATION CONTACT: David R. Williamson, Director, RESPA 
Enforcement Unit, Department of Housing and Urban Development, Room 
5241, 451 Seventh Street, S.W., Washington, D.C. 20410-0500; telephone 
[phone] (this is not a toll-free number); e-mail through 
Internet at [e-mail]. Persons who are hearing- or 
speech-impaired may access the above phone number by calling the 
Federal Information Relay Service at 1-800-877-TDDY (1-800-877-8339).

SUPPLEMENTARY INFORMATION: On December 8, 1995 (60 FR 63008), HUD 
published a notice announcing the establishment and first meeting of 
the Negotiated Rulemaking Advisory Committee on Mortgage Broker 
Disclosures, to discuss and negotiate a proposed rule on the treatment 
under RESPA, including disclosure requirements, of indirect payments to 
retail lenders and of volume-based compensation to mortgage brokers. 
The committee convened in Washington, D.C., on December 13-14, 1995, 
and January 18-19, 1996. The committee has decided on a schedule of 
subsequent meetings to continue its discussions, as follows:
     January 18-19, 1996;
     February 22-23, 1996;
     March 18-19, 1996; and
     April 8-9, 1996.
    The meeting on February 22-23, 1996, will be at the International 
Trade Commission Building, 500 E Street SW., Washington, D.C., and is 
expected to continue substantive discussions on regulatory treatment of 
fees paid to mortgage brokers. Because of the difficulties in 
confirming arrangements for the meeting space and the intervening 
Federal Government shutdown and inclement weather, which affected HUD 
operations, the Department was unable to publish this notice earlier. 
It is expected that subsequent meetings will also be held at the 
International Trade Commission Building in Washington, D.C. Any changes 
in the schedule will be announced in the Federal Register as far in 
advance of the meetings as possible. The meetings are open to the 
public, with limited seating available on a first-come, first-served 
basis.

    Authority: 42 U.S.C. 1437g, 3535(d).

    Dated: February 14, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 96-3826 Filed 2-15-96; 11:39 am]
BILLING CODE 4210-27-P