9366 Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices 

54. Tradition Mortgage LLC, Lakeville, 

MN [Docket No. 19–2049–MR] 

Action: On May 12, 2020, the Board 

voted to enter into a settlement 

agreement with Tradition Mortgage LLC, 

(‘‘Tradition Mortgage’’) that included a 

civil money penalty of $14,819. The 

settlement agreement does not 

constitute an admission of liability or 

fault. 

Cause: The Board took this action 

based on the following alleged 

violations of HUD requirements: 

Tradition Mortgage (a) failed to timely 

notify HUD of a state sanction in fiscal 

year 2018; and (b) submitted a false 

certification to HUD concerning 

Tradition Mortgage’s fiscal year 2018. 

55. United Home Loans, Inc., 

Westchester, IL [Docket No. 20–2015– 

MR] 

Action: On September 1, 2020, the 

Board voted to accept a settlement 

agreement with United Home Loans, 

Inc. (‘‘United Home’’) that included a 

civil money penalty of $5,000. The 

settlement does not constitute an 

admission of liability or fault. 

Cause: The Board took this action 

based on the following alleged violation 

of HUD requirements: United Home 

failed to timely notify HUD of a sanction 

in fiscal year 2019. 

56. Valley Mortgage Inc., Fargo, ND 

[Docket No. 19–1956–MR] 

Action: On December 17, 2019, the 

Board voted to enter into a settlement 

agreement with Valley Mortgage Inc. 

(‘‘Valley Mortgage’’) that included a 

civil money penalty of $9,468 and the 

indemnification of one FHA-insured 

mortgage for a term of five years. The 

settlement agreement does not 

constitute an admission of liability or 

fault. 

Cause: The Board took this action 

based on the following alleged violation 

of HUD requirements: Valley Mortgage 

violated FHA underwriting 

requirements by approving a loan that 

was not eligible for FHA insurance by 

failing to properly calculate the 

borrowers’ effective income. 

57. VIG Mortgage Corporation, San 

Juan, PR [Docket No. 20–2016–MR] 

Action: On May 12, 2020, voted to 

enter into a settlement agreement with 

VIG Mortgage Corporation (‘‘VIG’’) that 

included a civil money penalty of 

$4,909. The settlement agreement does 

not constitute an admission of liability 

or fault. 

Cause: The Board took this action 

based on the following alleged violation 

of HUD requirements: VIG Mortgage 

failed to timely notify HUD of a change 

to VIG Mortgage’s business structure, 

consisting of a change in ownership, in 

fiscal year 2018. 

58. Weststar Mortgage Corporation, 

Albuquerque, NM [Docket No. 20–2005– 

MR] 

Action: On May 12, 2020, the Board 

voted to enter into a settlement 

agreement with Westar Mortgage 

Corporation (‘‘Weststar’’) that included 

a civil money penalty of $5,000. The 

settlement agreement does not 

constitute an admission of liability or 

fault. 

Cause: The Board took this action 

based on the following alleged violation 

of HUD requirements: Weststar failed to 

timely notify HUD of a sanction in fiscal 

year 2019. 

II. Lenders That Failed To Timely Meet 

Requirements for Annual 

Recertification of HUD/FHA Approval 

but Came Into Compliance 

Action: The Board entered into 

settlement agreements with the 

following lenders, which required the 

lender to pay a civil money penalty 

without admitting fault or liability. 

Cause: The Board took these actions 

based upon allegations that the listed 

lenders failed to comply with HUD’s 

annual recertification requirements in a 

timely manner. 

The lenders below paid the following 

civil money penalty amounts: 

1. Central Bank and Trust Lander, WY 

($10,067) [Docket No. 20–2038–MRT] 

The following lenders paid civil 

money penalties of $5,000. 

2. Community Investment Corporation, 

Chicago, IL [Docket No. 20–2081– 

MRT] 

3. Great Lakes Financial Group Ltd, 

Cleveland, OH [Docket No. 20–2090– 

MRT] 

The following lenders paid civil 

money penalties of $4,500. 

4. Buckeye State Bank, Powell, OH 

[Docket No. 20–2029–MRT] 

5. First Flight Federal Credit Union, 

Cary, NC [Docket No. 20–2032–MRT] 

6. Grand Savings Bank, Grove, OK 

[Docket No. 20–2034–MRT] 

7. SWI Financial Services Inc, 

Escondido, CA [Docket No. 20–2032– 

MRT] 

8. Windsor Federal Savings [Docket No. 

19–2040–MRT] 

III. Lenders That Failed To Meet 

Requirements for Annual 

Recertification of HUD/FHA Approval 

Action: The Board voted to withdraw 

the FHA approval of each of the lenders 

listed below for a period of one (1) year. 

Cause: The Board took this action 

based upon allegations that the lenders 

listed below were not in compliance 

with HUD’s annual recertification 

requirements. 

1. Apex Lending Inc., Santa Ana, CA 

2. Aries Loans Inc., El Segundo, CA 

3. City National Bank of New Jersey, 

Newark, NJ 

4. Consumer Loan Services, LLC, La 

Crosse, WI 

5. Gulf Atlantic Funding Group, Davie, 

FL 

6. Metro Phoenix Financial Services, 

LLC, Phoenix, AZ 

7. Mortgage Bank of California, 

Manhattan Beach, CA 

8. South Central Bank and Trust Co., 

Chicago, IL 

9. United Police Federal Credit Union, 

Miami, FL 

Janet M. Golrick, 

Acting Assistant Secretary for Housing/FHA 

Commissioner Chair, Mortgagee Review 

Board. 

[FR Doc. 2021–02921 Filed 2–11–21; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–6245–N–01] 

Mortgage and Loan Insurance 

Programs Under the National Housing 

Act—Debenture Interest Rates 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: This Notice announces 

changes in the interest rates to be paid 

on debentures issued with respect to a 

loan or mortgage insured by the Federal 

Housing Administration under the 

provisions of the National Housing Act 

(the Act). The interest rate for 

debentures issued under Section 

221(g)(4) of the Act during the 6-month 

period beginning January 1, 2021, is3⁄4

percent. The interest rate for debentures 

issued under any other provision of the 

Act is the rate in effect on the date that 

the commitment to insure the loan or 

mortgage was issued, or the date that the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. The interest 

rate for debentures issued under these 

other provisions with respect to a loan 

or mortgage committed or endorsed 

during the 6-month period beginning 

January 1, 2021, is 13⁄8 percent. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth Olazabal, Department of 

Housing and Urban Development, 451 

Seventh Street SW, Room 5146, 

Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices 9367 

Washington, DC 20410–8000; telephone 

(202) 402–4608 (this is not a toll-free 

number). Individuals with speech or 

hearing impairments may access this 

number through TTY by calling the 

Federal Information Relay Service at 

(800) 877–8339 (this is a toll-free 

number). 

SUPPLEMENTARY INFORMATION: Section 

224 of the National Housing Act (12 

U.S.C. 1715o) provides that debentures 

issued under the Act with respect to an 

insured loan or mortgage (except for 

debentures issued pursuant to Section 

221(g)(4) of the Act) shall bear interest 

at the rate in effect on the date the 

commitment to insure the loan or 

mortgage was issued, or the date the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is highest. This 

provision is implemented in HUD’s 

regulations at 24 CFR 203.405, 203.479, 

207.259(e)(6), and 220.830. These 

regulatory provisions state that the 

applicable rates of interest will be 

published twice each year as a notice in 

the Federal Register. 

Section 224 further provides that the 

interest rate on these debentures will be 

set from time to time by the Secretary 

of HUD, with the approval of the 

Secretary of the Treasury, in an amount 

not in excess of the annual interest rate 

determined by the Secretary of the 

Treasury pursuant to a statutory formula 

based on the average yield of all 

outstanding marketable Treasury 

obligations of maturities of 15 or more 

years. 

The Secretary of the Treasury (1) has 

determined, in accordance with the 

provisions of Section 224, that the 

statutory maximum interest rate for the 

period beginning January 1, 2021, is 13⁄8

percent; and (2) has approved the 

establishment of the debenture interest 

rate by the Secretary of HUD at 13⁄8

percent for the 6-month period 

beginning January 1, 2021. This interest 

rate will be the rate borne by debentures 

issued with respect to any insured loan 

or mortgage (except for debentures 

issued pursuant to Section 221(g)(4)) 

with insurance commitment or 

endorsement date (as applicable) within 

the first 6 months of 2021. 

For convenience of reference, HUD is 

publishing the following chart of 

debenture interest rates applicable to 

mortgages committed or endorsed since 

January 1, 1980: 

Effective 

interest rate on or after prior to 

91⁄2 ................ Jan. 1, 1980 July 1, 1980. 

97⁄8 ................ July 1, 1980 Jan. 1, 1981. 

Effective 

interest rate on or after prior to 

113⁄4 .............. Jan. 1, 1981 July 1, 1981. 

127⁄8 .............. July 1, 1981 Jan. 1, 1982. 

123⁄4 .............. Jan. 1, 1982 Jan. 1, 1983. 

101⁄4 .............. Jan. 1, 1983 July 1, 1983. 

103⁄8 .............. July 1, 1983 Jan. 1, 1984. 

111⁄2 .............. Jan. 1, 1984 July 1, 1984. 

133⁄8 .............. July 1, 1984 Jan. 1, 1985. 

115⁄8 .............. Jan. 1, 1985 July 1, 1985. 

111⁄8 .............. July 1, 1985 Jan. 1, 1986. 

101⁄4 .............. Jan. 1, 1986 July 1, 1986. 

81⁄4 ................ July 1, 1986 Jan. 1. 1987. 

8 ................... Jan. 1, 1987 July 1, 1987. 

9 ................... July 1, 1987 Jan. 1, 1988. 

91⁄8 ................ Jan. 1, 1988 July 1, 1988. 

93⁄8 ................ July 1, 1988 Jan. 1, 1989. 

91⁄4 ................ Jan. 1, 1989 July 1, 1989. 

9 ................... July 1, 1989 Jan. 1, 1990. 

81⁄8 ................ Jan. 1, 1990 July 1, 1990. 

9 ................... July 1, 1990 Jan. 1, 1991. 

83⁄4 ................ Jan. 1, 1991 July 1, 1991. 

81⁄2 ................ July 1, 1991 Jan. 1, 1992. 

8 ................... Jan. 1, 1992 July 1, 1992. 

8 ................... July 1, 1992 Jan. 1, 1993. 

73⁄4 ................ Jan. 1, 1993 July 1, 1993. 

7 ................... July 1, 1993 Jan. 1, 1994. 

65⁄8 ................ Jan. 1, 1994 July 1, 1994. 

73⁄4 ................ July 1, 1994 Jan. 1, 1995. 

83⁄8 ................ Jan. 1, 1995 July 1, 1995. 

71⁄4 ................ July 1, 1995 Jan. 1, 1996. 

61⁄2 ................ Jan. 1, 1996 July 1, 1996. 

71⁄4 ................ July 1, 1996 Jan. 1, 1997. 

63⁄4 ................ Jan. 1, 1997 July 1, 1997. 

71⁄8 ................ July 1, 1997 Jan. 1, 1998. 

63⁄8 ................ Jan. 1, 1998 July 1, 1998. 

61⁄8 ................ July 1, 1998 Jan. 1, 1999. 

51⁄2 ................ Jan. 1, 1999 July 1, 1999. 

61⁄8 ................ July 1, 1999 Jan. 1, 2000. 

61⁄2 ................ Jan. 1, 2000 July 1, 2000. 

61⁄2 ................ July 1, 2000 Jan. 1, 2001. 

6 ................... Jan. 1, 2001 July 1, 2001. 

57⁄8 ................ July 1, 2001 Jan. 1, 2002. 

51⁄4 ................ Jan. 1, 2002 July 1, 2002. 

53⁄4 ................ July 1, 2002 Jan. 1, 2003. 

5 ................... Jan. 1, 2003 July 1, 2003. 

41⁄2 ................ July 1, 2003 Jan. 1, 2004. 

51⁄8 ................ Jan. 1, 2004 July 1, 2004. 

51⁄2 ................ July 1, 2004 Jan. 1, 2005. 

47⁄8 ................ Jan. 1, 2005 July 1, 2005. 

41⁄2 ................ July 1, 2005 Jan. 1, 2006. 

47⁄8 ................ Jan. 1, 2006 July 1, 2006. 

53⁄8 ................ July 1, 2006 Jan. 1, 2007. 

43⁄4 ................ Jan. 1, 2007 July 1, 2007. 

5 ................... July 1, 2007 Jan. 1, 2008. 

41⁄2 ................ Jan. 1, 2008 July 1, 2008. 

45⁄8 ................ July 1, 2008 Jan. 1, 2009. 

41⁄8 ................ Jan. 1, 2009 July 1, 2009. 

41⁄8 ................ July 1, 2009 Jan. 1, 2010. 

41⁄4 ................ Jan. 1, 2010 July 1, 2010. 

41⁄8 ................ July 1, 2010 Jan. 1, 2011. 

37⁄8 ................ Jan. 1, 2011 July 1, 2011. 

41⁄8 ................ July 1, 2011 Jan. 1, 2012. 

27⁄8 ................ Jan. 1, 2012 July 1, 2012. 

23⁄4 ................ July 1, 2012 Jan. 1, 2013. 

21⁄2 ................ Jan. 1, 2013 July 1, 2013. 

27⁄8 ................ July 1, 2013 Jan. 1, 2014. 

35⁄8 ................ Jan. 1, 2014 July 1, 2014. 

31⁄4 ................ July 1, 2014 Jan. 1, 2015. 

3 ................... Jan. 1, 2015 July 1, 2015. 

27⁄8 ................ July 1, 2015 Jan. 1, 2016. 

27⁄8 ................ Jan. 1, 2016 July 1, 2016. 

21⁄2 ................ July 1, 2016 Jan. 1, 2017. 

23⁄4 ................ Jan. 1, 2017 July 1, 2017. 

27⁄8 ................ July 1, 2017 Jan. 1, 2018. 

Effective 

interest rate on or after prior to 

23⁄4 ................ Jan. 1, 2018 July 1, 2018. 

31⁄8 ................ July 1, 2018 Jan. 1, 2019. 

33⁄8 ................ Jan. 1, 2019 July 1, 2019. 

23⁄4 ................ July 1, 2019 Jan. 1, 2020. 

21⁄4 ................ Jan. 1, 2020 July 1, 2020. 

11⁄4 ................ July 1, 2020 Jan. 1, 2021. 

13⁄8 ................ Jan. 1, 2021 July 1, 2021. 

Section 215 of Division G, Title II of 

Public Law 108–199, enacted January 

23, 2004 (HUD’s 2004 Appropriations 

Act) amended Section 224 of the Act, to 

change the debenture interest rate for 

purposes of calculating certain 

insurance claim payments made in cash. 

Therefore, for all claims paid in cash on 

mortgages insured under Section 203 or 

234 of the National Housing Act and 

endorsed for insurance after January 23, 

2004, the debenture interest rate will be 

the monthly average yield, for the 

month in which the default on the 

mortgage occurred, on United States 

Treasury Securities adjusted to a 

constant maturity of 10 years, as found 

in Federal Reserve Statistical Release H– 

15. The Federal Housing Administration 

has codified this provision in HUD 

regulations at 24 CFR 203.405(b) and 24 

CFR 203.479(b). 

Similarly, Section 520(a) of the 

National Housing Act (12 U.S.C. 1735d) 

provides for the payment of an 

insurance claim in cash on a mortgage 

or loan insured under any section of the 

National Housing Act before or after the 

enactment of the Housing and Urban 

Development Act of 1965. The amount 

of such payment shall be equivalent to 

the face amount of the debentures that 

would otherwise be issued, plus an 

amount equivalent to the interest which 

the debentures would have earned, 

computed to a date to be established 

pursuant to regulations issued by the 

Secretary. The implementing HUD 

regulations for multifamily insured 

mortgages at 24 CFR 207.259(e)(1) and 

(e)(6), when read together, provide that 

debenture interest on a multifamily 

insurance claim that is paid in cash is 

paid from the date of the loan default at 

the debenture rate in effect at the time 

of commitment or endorsement (or 

initial endorsement if there are two or 

more endorsements) of the loan, 

whichever is higher. 

Section 221(g)(4) of the Act provides 

that debentures issued pursuant to that 

paragraph (with respect to the 

assignment of an insured mortgage to 

the Secretary) will bear interest at the 

‘‘going Federal rate’’ in effect at the time 

the debentures are issued. The term 

‘‘going Federal rate’’ is defined to mean 

the interest rate that the Secretary of the 

Treasury determines, pursuant to a 

9368 Federal Register / Vol. 86, No. 28 / Friday, February 12, 2021 / Notices 

statutory formula based on the average 

yield on all outstanding marketable 

Treasury obligations of 8- to 12-year 

maturities, for the 6-month periods of 

January through June and July through 

December of each year. Section 221(g)(4) 

is implemented in the HUD regulations 

at 24 CFR 221.255 and 24 CFR 221.790. 

The Secretary of the Treasury has 

determined that the interest rate to be 

borne by debentures issued pursuant to 

Section 221(g)(4) during the 6-month 

period beginning January 1, 2021, is3⁄4

percent. The subject matter of this 

notice falls within the categorical 

exemption from HUD’s environmental 

clearance procedures set forth in 24 CFR 

50.19(c)(6). For that reason, no 

environmental finding has been 

prepared for this notice. 

(Authority: Sections 211, 221, 224, National 

Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; 

Section 7(d), Department of HUD Act, 42 

U.S.C. 3535(d).) 

Janet M. Golrick, 

Acting Assistant Secretary for Housing— 

Federal Housing Commissioner. 

[FR Doc. 2021–02867 Filed 2–11–21; 8:45 am] 

BILLING CODE 4210–67–P 

INTERNATIONAL TRADE 

COMMISSION 

[Investigation No. 337–TA–1162] 

Certain Touch-Controlled Mobile 

Devices, Computers, and Components 

Thereof; Commission Determination 

Not To Review an Initial Determination 

Terminating the Investigation as to 

Amazon, Dell, Lenovo, Microsoft, 

Motorola, and Samsung Based on 

Settlement; Termination of 

Investigation 

AGENCY: U.S. International Trade 

Commission. 

ACTION: Notice. 

SUMMARY: Notice is hereby given that 

the U.S. International Trade 

Commission (‘‘Commission’’) has 

determined not to review an initial 

determination (‘‘ID’’) (Order No. 66) of 

the presiding administrative law judge 

(‘‘ALJ’’) that terminates the investigation 

as to the remaining respondents 

(Amazon, Dell, Lenovo, Microsoft, 

Motorola, and Samsung) based on a 

settlement. This investigation is 

terminated. 

FOR FURTHER INFORMATION CONTACT: 

Ronald A. Traud, Esq., Office of the 

General Counsel, U.S. International 

Trade Commission, 500 E Street SW, 

Washington, DC 20436, telephone (202) 

205–3427. Copies of non-confidential 

documents filed in connection with this 

investigation may be viewed on the 

Commission’s electronic docket (EDIS) 

at https://edis.usitc.gov. For help 

accessing EDIS, please email 

EDIS3Help@usitc.gov. General 

information concerning the Commission 

may also be obtained by accessing its 

internet server at https://www.usitc.gov. 

Hearing-impaired persons are advised 

that information on this matter can be 

obtained by contacting the 

Commission’s TDD terminal on (202) 

205–1810. 

SUPPLEMENTARY INFORMATION: The 

Commission instituted this investigation 

on June 24, 2019, based on a complaint 

filed by Neodron Ltd. of Dublin, Ireland 

(‘‘Neodron’’). 84 FR 29545 (June 24, 

2019). The complaint, as amended, 

alleges violations of section 337 of the 

Tariff Act of 1930, as amended, 19 

U.S.C. 1337 (‘‘section 337’’), based upon 

the importation into the United States, 

the sale for importation, and the sale 

within the United States after 

importation of certain touch-controlled 

mobile devices, computers, and 

components thereof by reason of 

infringement of certain claims of U.S. 

Patent Nos. 8,432,173; 8,791,910; 

9,024,790; and 9,372,580. Id.; 84 FR 

55584 (Oct. 17, 2019). The amended 

complaint further alleges that an 

industry in the United States exists as 

required by section 337. 84 FR 29545; 

84 FR 55584. The notice of 

investigation, as amended, named as 

respondents Amazon.com, Inc. of 

Seattle, Washington (‘‘Amazon’’); Dell 

Inc. of Round Rock, Texas; Dell 

Products LP of Round Rock, Texas 

(together, ‘‘Dell’’); HP Inc. of Palo Alto, 

California (‘‘HP’’); Lenovo Group Ltd. of 

Beijing, China; Lenovo (United States) 

Inc. of Morrisville, North Carolina 

(together, ‘‘Lenovo’’); Microsoft 

Corporation of Redmond, Washington 

(‘‘Microsoft’’); Motorola Mobility LLC of 

Chicago, Illinois (‘‘Motorola’’); Samsung 

Electronics Co., Ltd. of Suwon, South 

Korea; and Samsung Electronics 

America, Inc. of Ridgefield Park, New 

Jersey (together, ‘‘Samsung’’). 84 FR 

29545; 84 FR 55584. The Office of 

Unfair Import Investigations is not 

participating in the investigation. 84 FR 

29545. 

On September 2, 2020, this 

investigation was terminated as to HP. 

Order No. 59 (Aug. 20, 2020), 

unreviewed, Notice (Sept. 2, 2020). 

On January 25, 2021, Neodron, 

Amazon, Dell, Lenovo, Microsoft, 

Motorola, and Samsung filed a joint 

motion to terminate all remaining 

respondents from the investigation 

based on a settlement agreement. 

On January 27, 2021, the ALJ issued 

Order No. 66, the subject ID, which 

granted the motion. The ID found that 

the motion complies with Commission 

Rule 210.21(b). The ID further found 

that terminating the investigation as to 

all remaining respondents will not 

adversely affect the public interest. 

Because the investigation had already 

terminated as to HP, the ID would result 

in the termination of the investigation in 

its entirety. No petitions for review of 

the ID were filed. 

The Commission has determined not 

to review the subject ID. The 

investigation is hereby terminated in its 

entirety. 

The Commission vote for this 

determination took place on February 8, 

2021. 

The authority for the Commission’s 

determination is contained in section 

337 of the Tariff Act of 1930, as 

amended (19 U.S.C. 1337), and in Part 

210 of the Commission’s Rules of 

Practice and Procedure (19 CFR part 

210). 

By order of the Commission. 

Issued: February 8, 2021. 

Lisa Barton, 

Secretary to the Commission. 

[FR Doc. 2021–02877 Filed 2–11–21; 8:45 am] 

BILLING CODE 7020–02–P 

INTERNATIONAL TRADE 

COMMISSION 

[Investigation No. 337–TA–1179] 

Certain Pouch-Type Battery Cells, 

Battery Modules, and Battery Packs, 

Components Thereof, and Products 

Containing the Same; Commission 

Determination Not To Review an Initial 

Determination Granting Complainants’ 

Motion To Amend the Complaint and 

Notice of Investigation and Terminate 

the Investigation as to Certain Claims 

Based on Withdrawal of the Complaint 

AGENCY: U.S. International Trade 

Commission. 

ACTION: Notice. 

SUMMARY: Notice is hereby given that 

the U.S. International Trade 

Commission (‘‘Commission’’) has 

determined not to review an initial 

determination (‘‘ID’’) (Order No. 53) of 

the presiding chief administrative law 

judge (‘‘CALJ’’) granting complainants’ 

corrected motion (1) for leave to amend 

the complaint and notice of 

investigation to reflect the respondents’ 

corporate reorganization and (2) to 

withdraw allegations concerning certain 

claims of U.S. Patent No. 10,121,994 

(‘‘the ’994 patent’’) from the complaint.