Legal Status
Legal Status
Rule
Reorganization of the Office of Federal Housing Enterprise Oversight Regulations
A Rule by the Federal Housing Enterprise Oversight Office on
Document Details
Information about this document as published in the Federal Register.
- Printed version:
- Publication Date:
- 12/26/2000
- Agencies:
- Office of Federal Housing Enterprise Oversight
- Dates:
- This regulation is effective December 26, 2000.
- Effective Date:
- 12/26/2000
- Document Type:
- Rule
- Document Citation:
- 65 FR 81326
- Page:
- 81326-81329 (4 pages)
- CFR:
- 12 CFR chapter undef
- RIN:
- 2550-AA14
- Document Number:
- 00-32779
Document Details
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- AGENCY:
- ACTION:
- SUMMARY:
- EFFECTIVE DATE:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Subchapter A—OFHEO Organization and Functions
- Subchapter B—[Reserved]
- Subchapter C—Safety and Soundness
- Subchapter D—Rules of Practice and Procedure
- Regulatory Impact
- List of Subjects in 12 CFR Parts 1700 Through 1790
- PART 1702—IMPLEMENTATION OF THE PRIVACY ACT OF 1974
- PART 1703—RELEASE OF INFORMATION
- PART 1704—DEBT COLLECTION
- PART 1705-IMPLEMENTATION OF THE EQUAL ACCESS TO JUSTICE ACT
- Subchapter B—[Reserved]
- Subchapter C—Safety and Soundness
- Subchapter D—Rules of Practice and Procedure
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Published Document
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
AGENCY:
Office of Federal Housing Enterprise Oversight, HUD.
ACTION:
Final rule.
SUMMARY:
The Office of Federal Housing Enterprise Oversight (OFHEO) is reorganizing and renumbering its regulations. The effect is to achieve a more logical and efficient presentation of current regulations and to provide a framework for new regulations. In promulgating this reorganizational regulation, OFHEO finds that notice and public comment are not necessary. Accordingly, this final regulation is effective upon publication in the Federal Register.
EFFECTIVE DATE:
This regulation is effective December 26, 2000.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
David W. Roderer, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G. Street, NW., Fourth Floor, Washington, DC 20552, telephone (202) 414-6924 (not a toll free number). The telephone number for the Telecommunications Device for the Deaf is: (800) 877-8339.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
On July 27, 2000, the Office of Federal Housing Enterprise Oversight (OFHEO) published a notice of its intention to undertake a regulatory project to ensure the adoption and implementation of various written policies and procedures for the supervision of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. See 65 FR 46119 (July 27, 2000). This final regulation makes technical and organizational changes to the numbering of existing regulations so they will fit logically within a new framework of the regulatory project that will incorporate additional rulemaking. Section 553(b)(3)(A) of Title 5, United States Code, provides that when regulations involve matters of agency organization, procedure or practice, the agency may publish regulations in final form and that a delayed effective date is unnecessary. 5 U.S.C. 553(d).
The final regulation adds three new subchapter headings, amends one subchapter heading, redesignates existing parts and conforms internal cross-references therein. The following derivation table shows the origin of the material that is contained in each of the newly designated subchapters and parts.
Subchapter A—OFHEO Organization and Functions
New part | Subject matter | Old part |
---|---|---|
1700 | Organization and Functions | 1700 |
1702 | Privacy Act of 1974 | 1720 |
1703 | Release of Information | 1710 |
1704 | Debt Collection | 1730 |
1705 | Equal Access to Justice Act Amendment | 1735 |
Subchapter B—[Reserved]
Subchapter C—Safety and Soundness
Part | Subject matter | Part |
---|---|---|
1750 | Capital | 1750 |
Subchapter D—Rules of Practice and Procedure
Part | Subject matter | Part |
---|---|---|
1780 | Rules of Practice and Procedure | 1780 |
With the renumbering of OFHEO's regulations, the section reference and internal cross-references to old part and section numbers must also be changed. As such, each new part addresses amendatory cross-references in a table reflecting the new sections, the cross-sections to be deleted, and the new cross-sections to be added.
Regulatory Impact
This is a technical rule that reorganizes OFHEO's regulations without substantive change to the rule and will not impose any substantive regulatory requirements. It is not a significant regulatory action under Executive Order 12866, 58 FR 51735 (Oct. 4, 1993), or a “rule” under the Regulatory Flexibility Act, 5 U.S.C. 601 et seq., or the Small Business Regulatory Enforcement Act, 5 U.S.C. 804(3)(C). Consequently, no regulatory impact assessment is required, no regulatory flexibility analysis is required, and no report to Congress or GAO is required.
OFHEO has determined that there is good cause for issuing this rule without notice and public comment. Section 553(b)(3) of Title 5, United States Code, provides that when regulations involve matters of agency organization, procedure or practice, the agency may publish regulations in final form. Additionally, OFHEO finds that there is Start Printed Page 81327good cause for having this rule take effective immediately pursuant to 5 U.S.C. 553(d).
Start List of SubjectsList of Subjects in 12 CFR Parts 1700 Through 1790
- Organization and functions (Government agencies)
Accordingly, for the reasons stated in the preamble, OFHEO is amending 12 CFR chapter XVII as follows:
End Amendment Part Start Amendment Part1. Revise the heading of subchapter A to read “OFHEO Organization and Functions.”
End Amendment Part Start Amendment Part2. Redesignate part 1720 as new part 1702.
End Amendment Part Start PartPART 1702—IMPLEMENTATION OF THE PRIVACY ACT OF 1974
End Part Start Amendment Part3. The authority citation for new part 1702 continues to read as follows:
End Amendment Part Start AuthorityAuthority: 5 U.S.C. 552a; 12 U.S.C. 4513(b).
End Authority Start Amendment Part4. Amend cross-references in new part 1702 as indicated in the table below. For each new designated section indicated in the left column, remove the cross-reference indicated in the middle column and, in its place, add the new cross-reference indicated in the right column:
End Amendment PartNew Section | Remove Cross-Reference | Add Cross-Reference |
---|---|---|
1702.1(a) | part 1720 (twice) | part 1702 (twice) |
1702.2 | part 1720 | part 1702 |
1702.4(a) | § 1720.3(b)(3) | § 1702.3(b)(3) |
1702.4(a)(2) | § 1720.5 | § 1702.5 |
1702.4(b)(1) | § 1720.3(b)(3) | § 1702.3(b)(3) |
1702.4(d) | § 1720.9 | § 1702.9 |
1702.7(b) | § 1720.6 | § 1702.6 |
1702.8(b) | § 1720.12(b) | § 1702.12(b) |
1702.8(c) | § 1720.9 | § 1702.9 |
1702.9(a) | § 1720.3(b)(3) | § 1702.3(b)(3) |
1702.9(a) | § 1720.7 | § 1702.7 |
1702.10(b) | § 1720.12(b) | § 1702.12(b) |
1702.10(d)(2) | § 1720.12(b) | § 1702.12(b) |
1702.11(a)(4) | § 1720.2 | § 1702.2 |
1702.11(b) | § 1720.6 | § 1702.6 |
1702.12(a) | § 1720.11 | § 1702.11 |
1702.12(a) | § 1720.11(a)(3) | § 1702.11(a)(3) |
1702.13(a) | § 1720.12(a) | § 1702.12(a) |
1702.13(a) | § 1720.6 | § 1702.6 |
1702.13(b) | § 1720.12 | § 1702.12 |
1702.13(b) | § 1720.11(a)(6)(v) | § 1702.11(a)(6)(v) |
5. Redesignate part 1710 as new part 1703 and revise the heading to read as follows:
End Amendment Part Start PartPART 1703—RELEASE OF INFORMATION
End Part Start Amendment Part6. The authority citation for new part 1703 continues to read as follows:
End Amendment Part Start AuthorityAuthority: 5 U.S.C. 301, 552; 12 U.S.C. 4513, 4522, 4639; E.O. 12600; 3 CFR, 1987 Comp., p. 235.
End Authority Start Amendment Part7. Amend cross-references in new part 1703 as indicated in the table below. For each new designated section indicated in the left column, remove the cross-reference indicated in the middle column and, in its place, add the new cross-reference indicated in the right column:
End Amendment PartNew Section | Remove Cross-Reference | Add Cross-Reference |
---|---|---|
1703.1 | § 1710.2 | § 1710.2 |
1703.1 | part 1710 | part 1703 |
1703.12(a)(1) | § 1710.9 | § 1703.9 |
1703.12(b) | § 1710.11(b) | § 1703.11(b) |
1703.13(a) | § 1710.17(a) | § 1703.17(a) |
1703.15(b)(2) | § 1710.11(b) | § 1703.11(b) |
1703.15(b)(4) | § 1710.16 | § 1703.16 |
1703.16(b) | § 1710.13 | § 1703.13 |
1703.16(b) | § 1710.17(b) | § 1703.17(b) |
1703.17(b) | § 1710.16 | § 1703.16 |
1703.18(b)(1) | § 1710.11(b)(4) | § 1703.11(b)(4) |
1703.18(c) | § 1710.11(b)(4) | § 1703.11(b)(4) |
1703.18(d)(2) | § 1710.11(b)(4) | § 1703.11(b)(4) |
1703.18(e)(1) | § 1710.11(b)(4) | § 1703.11(b)(4) |
1703.21(b) | § 1710.22(b)(1)(i) | § 1703.22(b)(1)(i) |
1703.21(b) | § 1710.22(b)(1)(ii) | § 1703.22(b)(1)(ii) |
1703.22(a) | § 1710.23 | § 1703.23 |
1703.23(a) | § 1710.24 | § 1703.24 |
1703.23(b) | § 1710.22 | § 1703.22 |
1703.23(e) | § 1710.22 | § 1703.22 |
1703.23(g) | § 1710.22 | § 1703.22 |
1703.24(a) | § 1710.23 | § 1703.23 |
1703.24(c)(5) | § 1710.16 | § 1703.16 |
1703.34(c) | § 1710.33 | § 1703.33 |
1703.38(a) | § 1710.22(b)(1)(i) | § 1703.22(b)(1)(i) |
Start Printed Page 81328 | ||
1703.40(b) | § 1710.33 | § 1703.33 |
1703.40(b) | § 1710.34 | § 1703.34 |
1703.40(b) | § 1710.37 | § 1703.37 |
8. Redesignate part 1730 as new part 1704.
End Amendment Part Start PartPART 1704—DEBT COLLECTION
End Part Start Amendment Part9. The authority citation for new part 1704 continues to read as follows:
End Amendment Part Start AuthorityAuthority: 5 U.S.C. 5514; 26 U.S.C. 6402(d); 31 U.S.C. 3701-3720A.
End Authority Start Amendment Part10. Amend cross-references in new part 1704 as indicated in the table below. For each new designated section indicated in the left column, remove the cross-reference indicated in the middle column and, in its place, add the new cross-reference indicated in the right column:
End Amendment PartNew Section | Remove Cross-Reference | Add Cross-Reference |
---|---|---|
1704.1(a) | part 1730 | part 1704 |
1704.1(b)(1) | part 1730 | part 1704 |
1704.1(b)(2) | part 1730 | part 1704 |
1704.1(b)(3) | part 1730 | part 1704 |
1704.1(b)(4) | part 1730 (twice) | part 1704 (twice) |
1704.2 | part 1730 (twice) | part 1704 (twice) |
1704.2(c) | part 1730 | part 1704 |
1704.3(a) | part 1730 (twice) | part 1704 (twice) |
1704.21(b)(9) | § 1730.23 | § 1704.23 |
1704.21(b)(12)(ii) | U.S.C. 3729-3731 | U.S.C. 3729—3731 |
1704.23(a)(4) | § 1730.21(b) | § 1704.21(b) |
1704.29(a)(1)(ii) | § 1730.21 | § 1704.21 |
1704.29(a)(1)(iii) | § 1730.23(b) | § 1704.23(b) |
1704.29(a)(1)(iv) | § 1730.24(b) | § 1704.24(b) |
1704.29(a)(2) | §§ 1730.24—1730.26 | §§ 1704.24—1704.26 |
1704.29(a)(2)(iii) | § § 1730.24—1730.26 | §§ 1704.24-1704.26 |
1704.32(a) | when— | when— |
1704.41 | § 1730.42 (three times) | § 1704.42 (three times) |
1704.42 | § 1730.41 | § 1704.41 |
1704.51(c) | § 1730.53 | § 1704.53 |
11. Redesignate part 1735 as new part 1705.
End Amendment Part Start PartPART 1705-IMPLEMENTATION OF THE EQUAL ACCESS TO JUSTICE ACT
End Part Start Amendment Part12. The authority citation for new part 1705 continues to read as follows:
End Amendment Part Start AuthorityAuthority: 5 U.S.C. 504(c)(1).
End Authority Start Amendment Part13. Amend cross-references in new part 1705 as indicated in the table below. For each new designated section indicated in the left column, remove the cross-reference indicated in the middle column and, in its place, add the new cross-reference indicated in the right column:
End Amendment PartNew Section | Remove Cross-Reference | Add Cross-Reference |
---|---|---|
1705.3(a) | § 1735.4(a) | § 1705.4(a) |
1705.3(b)(1) | § 1735.5(b) | § 1705.5(b) |
1705.5(a) | § 1735.6 | § 1705.6 |
1705.10(a) | § 1735.4(a) | § 1705.4(a) |
1705.10(a) | § 1735.4(b) | § 1705.4(b) |
1705.10(a)(3) | § 1735.12 | § 1705.12 |
1705.10(b) | § 1735.4(a) | § 1705.4(a) |
1705.10(c) | § 1735.4(b) | § 1705.4(b) |
1705.11(a) | § 1735.10(c)(4)(i) | § 1705.10(c)(4)(i) |
1705.21(a) | § 1735.25 | § 1705.25 |
1705.22 | § 1735.25 | § 1705.25 |
1705.25 | § 1735.27 | § 1705.27 |
1705.26(a) | § 1735.25 | § 1705.25 |
1705.26(b) | § 1735.27 | § 1705.27 |
1705.26(d) | § 1735.4(a) | § 1705.4(a) |
1705.26(e) | § 1735.4(b) | § 1705.4(b) |
1705.27 | § 1735.26 | § 1705.26 |
1705.27 | § 1735.25 | § 1705.25 |
14. Add and reserve subchapter heading B after new part 1705 as follows:
End Amendment PartSubchapter B—[Reserved]
Start Amendment Part15. Add subchapter heading C before part 1750 as follows:
End Amendment PartSubchapter C—Safety and Soundness
Start Amendment Part16. Add subchapter heading D before part 1780 as follows:
End Amendment PartSubchapter D—Rules of Practice and Procedure
Start SignatureDated: December 19, 2000.
Armando Falcon, Jr.
Director, Office of Federal Housing Enterprise Oversight.
[FR Doc. 00-32779 Filed 12-22-00; 8:45 am]
BILLING CODE 4220-01-U