[Federal Register: November 18, 2002 (Volume 67, Number 222)]
[Notices]
[Page 69553-69554]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18no02-75]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-4572-D-28]
Revocation of Delegation of Authority to Execute Legal
Instruments Pertaining to Section 312 Rehabilitation Loans
AGENCY: Office of the General Counsel, HUD.
ACTION: Notice of Revocation of Delegation of Authority.
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SUMMARY: This notice advises the public that the Secretary, on May 22,
2002, revoked the delegation of authority of the President of the
Government National Mortgage Association (Ginnie Mae), to execute legal
instruments pertaining to Section 312 loans, and to redelegate the
authority to execute such legal instruments.
FOR FURTHER INFORMATION CONTACT: Mary Kolesar, Office of Affordable
Housing Programs, Department of Housing and Urban Development, 451 7th
Street, SW., Washington, DC 20410, telephone number (202) 708-2470
(this is not a toll free number). This number may be accessed via TTY
by calling the Federal Information Relay Service a 1-800-877-8339.
SUPPLEMENTARY INFORMATION: On May 28, 1997 (62 FR 28889), the Secretary
delegated to the President, Ginnie Mae the authority to execute in the
name of the Secretary certain written instruments relating to Section
312 Rehabilitation Loans, including but not limited to: Deeds of
release, quit claim deeds and deeds of reconveyance; substitutions of
trustees; compromises; write-offs; close outs; releases related to
insurance policies; assignments or satisfactions of notes, mortgages,
deeds of trust and other security instruments; and any other written
instrument or document related to, or necessary for, servicing or
collection of a Section 312 loan, including any such instrument related
to Section 312 loan servicing-related property management and
disposition functions that were not delegated to the Assistant
Secretary for Housing. The May 28, 1997 delegation of authority also
authorized the President of Ginnie Mae to redelegate this authority.
This notice advises the public that on May 22, 2002, the Secretary
revoked the delegation of authority to the President, Ginnie Mae that
was published on May 28, 1997 (62 FR 28889) and that
[[Page 69554]]
revocation of this delegation is published in today's Federal Register.
Dated: November 8, 2002.
Aaron Santa Anna,
Assistant General Counsel for Regulations.
[FR Doc. 02-29106 Filed 11-15-02; 8:45 am]
BILLING CODE 4210-67-P