[Federal Register Volume 61, Number 111 (Friday, June 7, 1996)]
[Rules and Regulations]
[Page 29027]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14366]
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DEPARTMENT OF VETERANS AFFAIRS
38 CFR Part 8a
RIN 2900-AH54
Veterans Mortgage Life Insurance
AGENCY: Department of Veterans Affairs.
ACTION: Final rule.
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SUMMARY: This document amends the Department of Veterans Affairs (VA)
regulations relating to Veterans Mortgage Life Insurance (VMLI) by
eliminating regulations that merely restate statutory provisions; and
by deleting provisions that have no legal effect.
EFFECTIVE DATE: June 7, 1996.
FOR FURTHER INFORMATION CONTACT: George Poole, Chief, Insurance Program
Administration, Department of Veterans Affairs Regional Office and
Insurance Center, PO Box 8079, Philadelphia, PA 19101, (215) 951-5718.
SUPPLEMENTARY INFORMATION: The Insurance Service of the Veterans
Benefits Administration has determined that various regulations
relating to VMLI are merely restatements of statutory provisions. Since
they are redundant, they are unnecessary and may be eliminated.
This final rule consists of nonsubstantive changes and, therefore,
is not subject to the notice-and-comment and effective-date provisions
of 5 U.S.C. 553. The Secretary of Veterans Affairs hereby certifies
that this final rule will not have a significant economic impact on a
substantial number of small entities as they are defined in the
Regulatory Flexibility Act, 5 U.S.C. 601-612. This final rule will not
affect any entity since it does not contain any substantive provisions.
Therefore, pursuant to 5 U.S.C. 605(b), this amendment is exempt from
the initial and final regulatory flexibility analysis requirements of
sections 603 and 604.
The Catalog of Federal Domestic Assistance Program number for these
regulations is 64.103.
List of Subject in 38 CFR Part 8a
Mortgage insurance, Veterans.
Approved: May 31, 1996.
Jesse Brown,
Secretary of Veterans Affairs.
For the reasons set out in the preamble, 38 CFR part 8a is amended
as set forth below:
PART 8a--VETERANS MORTGAGE LIFE INSURANCE
1. The authority citation for part 8a is revised to read as
follows:
Authority: 38 U.S.C. 501, and 2101 through 2106, unless
otherwise noted.
Secs. 8a.5 through 8a.7 [Removed]
2. Sections 8a.5 through 8a.7 are removed.
Sec. 8a.1 [Amended]
3. In Sec. 8a.1, paragraphs (a) and (b) are removed; paragraphs
(c), (d), (e), (f) and (g) are redesignated as paragraphs (a), (b),
(c), (d) and (e) respectively; newly redesignated paragraph (b) is
amended by adding ``(VMLI)'' after ``Veterans Mortgage Life
Insurance''; and newly redesignated paragraph (e)(3) is amended by
removing ``Chief Benefits Director'' and adding, in its place, ``Under
Secretary for Benefits''.
Sec. 8a.2 [Amended]
4. In Sec. 8a.2, paragraph (a), is a amended by removing ``Veterans
Mortgage Life Insurance (VMLI)'' and adding, in its place, ``VMLI'';
paragraph (a) is further amended by removing ``8a.4(b) of this title,
the amount of Veterans Mortgage Life Insurance'' and adding, in its
place, ``8a.4(a) the amount of VMLI''; paragraph (b)(4) is amended by
removing, ``purchased or adapted in part with a grant, or subsequently
acquired housing unit''; in paragraph (b)(6) the first sentence is
removed; and paragraphs (b)(4), (b)(6), (b)(8) and (c) are amended by
removing ``Veterans Mortgage Life Insurance'' each time and adding, in
its place, ``VMLI''.
Sec. 8a.3 [Amended]
5. In Sec. 8a.3, paragraphs (a), (b), (c), and (e) are amended by
removing ``Veterans Mortgage Life Insurance'' each time and adding, in
its place, ``VMLI''.
Sec. 8a.4 [Amended]
6. In Sec. 8a.4, paragraph (a) is removed; paragraphs (b), (c) and
(d) are redesignated as paragraph (a), (b) and (c) respectively; and
newly redesignated paragraphs (a) and (c) are amended by removing
``Veterans Mortgage Life Insurance'' each time and adding, in its
place, ``VMLI''.
[FR Doc. 96-14366 Filed 6-6-96; 8:45 am]
BILLING CODE 8320-01-P
