Page 7 - August 2018

Civil Penalties Inflation Adjustment Act of 1990, as notice may be viewed at:
amended by the Federal Civil Penalties Inflation https://www.gpo.gov/fdsys/pkg/FR-2018-07-
Adjustment Act Improvements Act of 2015. The 16/pdf/2018-15130.pdf. Federal Register, Vol.
adjustments are effective 08/15/2018. The notice may 83, No. 136, 07/16/2018, 32888-32889.
be viewed at: https://www.gpo.gov/fdsys/pkg/FR-
2018-07-16/pdf/2018-15116.pdf. Federal Register, • HUD announced it seeks comment on the
Vol. 83, No. 136, 07/16/2018, 32790-32794. information collection titled Home Mortgage
Disclosure Act (HMDA) Loan/Application
HUD Issues Debenture Interest Rates. Register. HUD also gave notice that it sent the
collection to OMB for review. Comments are
HUD announced changes in the interest rates to be
paid on debentures issued with respect to a loan or due 10/02/2018. The notice may be viewed at:
mortgage insured by the Federal Housing https://www.gpo.gov/fdsys/pkg/FR-2018-08-
Administration (FHA) under the provisions of the 03/pdf/2018-16661.pdf. Federal Register, Vol.
National Housing Act (the Act). The interest rate for 83, No. 150, 08/03/2018, 38161-38162.
debentures issued under Section 221(g)(4) of the Act
during the 6-month period beginning 07/01/2018, is 3 FEMA Issues Final Rule on Suspensions
percent. The interest rate for debentures issued under of NFIP Community Eligibility.
any other provision of the Act is the rate in effect on
the date that the commitment to insure the loan or • The Federal Emergency Management Agency
mortgage was issued, or the date that the loan or (FEMA) issued a final rule which identifies
mortgage was endorsed (or initially endorsed if there communities in the states of California,
are two or more endorsements) for insurance,
whichever rate is higher. The interest rate for Massachusetts, Ohio, and Oklahoma, where
debentures issued under these other provisions with the sale of flood insurance has been authorized
respect to a loan or mortgage committed or endorsed under the National Flood Insurance Program
during the 6-month period beginning 07/01/2018, is (NFIP) that are scheduled for suspension on the
3.125 percent. The notice may be viewed at: effective dates listed within the final rule because
https://www.gpo.gov/fdsys/pkg/FR-2018-07- of noncompliance with the floodplain
30/pdf/2018-16255.pdf. Federal Register, Vol. 83, management requirements of the program. If
No. 146, 07/30/2018, 36614-36616. FEMA receives documentation that the
community has adopted the required floodplain
HUD Announces Multifamily and management measures prior to the effective
Healthcare Loan Sale. suspension date given in the final rule, the
suspension will not occur and a notice of this
HUD announced its intention to sell three will be provided by publication in the Federal
unsubsidized multifamily and fifteen unsubsidized Register on a subsequent date. The effective date
healthcare mortgage loans, without Federal Housing of each community’s scheduled suspension is the
Administration (FHA) insurance, in a competitive, third date listed in the third column of the tables
sealed bid sale on or about 08/15/2018. The notice in the final rule. The final rule may be viewed at:
may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2018-07- https://www.gpo.gov/fdsys/pkg/FR-2018-07-
23/pdf/2018-15630.pdf. Federal Register, Vol. 83, 19/pdf/2018-15372.pdf. Federal Register, Vol.
No. 141, 07/23/2018, 34860-34861. 83, No. 139, 07/19/2018, 34052-34053.

HUD Requests Comment on Information • FEMA issued a final rule which identifies
Collections. communities in the states of Alabama,
Michigan, and Pennsylvania, where the sale of
• HUD announced it seeks comment on the flood insurance has been authorized under the
information collection titled Pre-Purchase National Flood Insurance Program (NFIP) that
Homeownership Counseling Demonstration and are scheduled for suspension on the effective
Impact Evaluation collection. HUD also gave dates listed within the final rule because of
notice that it sent the collection to OMB for noncompliance with the floodplain management
review. Comments are due 08/15/2018. The requirements of the program. If FEMA receives

AUGUST 2018
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