[Federal Register Volume 61, Number 92 (Friday, May 10, 1996)]
[Proposed Rules]
[Page 21394]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11648]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
24 CFR Part 3500
[Docket No. FR-3780-N-07]
RIN 2502-AG40
Office of the Assistant Secretary for Housing--Federal Housing
Commissioner; Mortgage Broker Fee Disclosure Rule: Notice of Meeting of
Negotiated Rulemaking Advisory Committee
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
Commissioner, HUD.
ACTION: Notice of committee meeting.
-----------------------------------------------------------------------
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, has convened on 5 prior occasions in the past 5 months.
This notice announces the time and place for the next meeting. This
meeting is open to the public.
DATES: The sixth meeting of the committee will be held on May 20-21,
1996. On Monday, May 20, the meeting will start at 9:00 a.m. and will
end at 5:00 p.m., and on Tuesday, May 21, the meeting will start at
9:00 a.m. and run until approximately 4:00 p.m.
ADDRESSES: The next meeting of the committee will be held in the
Headquarters of the American Association of Retired Persons, 601 ``E''
Street, NW., Room 120, Floor 2-B, Washington, DC.
FOR FURTHER INFORMATION CONTACT: David R. Williamson, Director, Office
of Consumer and Regulatory Affairs, Department of Housing and Urban
Development, 451 7th Street, SW., Room 5241, Washington, DC 20410-
8000); telephone number: (202) 708-4560 (this is not a toll-free
number); e-mail through Internet at david_r._williamson@hud.gov. For
hearing- and speech-impaired persons, this number may be accessed via
TDD by calling the Federal Information Relay Service at 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 payments to retail
lenders and of volume-based compensation to mortgage brokers. The
committee convened in Washington, DC, on December 13-14, 1995; January
18-19, 1996; February 22-23, 1996; March 18-19, 1996; and April 8-9,
1996. The committee expects that the upcoming meeting on May 20-21 will
be the last meeting for this rulemaking effort.
This meeting is open to the public, with limited seating available
on a first-come, first-served basis.
Authority: 42 U.S.C. 1437g, 3535(d).
Dated: May 3, 1996.
James E. Schoenberger,
Associate General Deputy Assistant Secretary for Housing Federal
Housing Commissioner.
[FR Doc. 96-11648 Filed 5-9-96; 8:45 am]
BILLING CODE 4210-27-U
