2642 Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Rules and Regulations

DEPARTMENT OF HOUSING AND

URBAN DEVELOPMENT

Office of the Assistant Secretary for

Housing-Federal Housing

Commissioner

24 CFR Part 3500

[Docket No. R–95–1538; FR–2942–C–06]

RIN 2502–AG27

Real Estate Settlement Procedures

Act, Section 6 Transfer of Servicing of

Mortgage Loans (Regulation X);

Correction

AGENCY: Office of the Assistant

Secretary for Housing-Federal Housing

Commissioner (HUD).

ACTION: Correction to final rule.

SUMMARY: The final rule published on

December 19, 1994 (59 FR 65442),

contains an error in Appendix MS–1 to

Part 3500, the Servicing Disclosure

Statement. As published, page 65455

did not include the Acknowledgment of

Mortgage Loan Applicant that was

referenced in the rule text. Therefore,

this correction replaces page 65455 and

includes the missing Acknowledgment.

In addition, a correction is made to a

cross-reference in § 3500.21(e) of the

rule.

DATES: This correction will take effect

on the effective date of the final rule,

June 19, 1995. However, the Department

continues to encourage persons covered

by the new rule to implement all of its

provisions, including this correction to

the Acknowledgment in the Servicing

Disclosure Statement, earlier than the

rule’s effective date.

FOR FURTHER INFORMATION CONTACT:

David R. Williamson, Director, RESPA

Staff, Room 5239, Department of

Housing and Urban Development, 451

7th Street, SW., Washington, DC 20410,

telephone (202) 708–4560. The TDD

number for hearing-impaired persons is

(202) 708–4594. (These are not toll-free

numbers.)

SUPPLEMENTARY INFORMATION: Under the

Real Estate Settlement Procedures Act of

1974 (12 U.S.C. 2601 et seq.), the

Secretary is to publish regulations

implementing the requirements in

Section 6 (12 U.S.C. 2605) concerning

the servicing of mortgage loans. The

final rule published on December 19,

1994, contained a wrong cross-reference

and an error in the Servicing Disclosure

Statement in one of the appendices.

Accordingly, FR Doc. 94–30413, the

final rule on Real Estate Settlement

Procedures Act, Section 6 Transfer of

Servicing of Mortgage Loans (Regulation

X); and Real Estate Settlement

Procedures Act (Regulation X); Escrow

Accounting Procedures: Technical

Correction, published December 19,

1994 (59 FR 65442), is corrected as

follows:

§ 3500.21 [Corrected]

1. On page 65450, in the third

column, in the first sentence of

§ 3500.21(e)(2)(i), the cross-reference to

‘‘paragraph (f)’’ is corrected to read

‘‘paragraph (e)’’.

Appendix MS–1 to Part 3500 [Corrected]

2. The text on page 65455, in

Appendix MS–1 to Part 3500, Servicing

Disclosure Statement, is corrected by

adding a second paragraph under the

Instructions to Preparer, as the

instructions begin on page 65454, and

by adding the Acknowledgment of

Mortgage Loan Applicant, including

signature and date lines, to read as

follows:

BILLING CODE 4210–27–P
Federal Register / Vol. 60, No. 6 / Tuesday, January 10, 1995 / Rules and Regulations 2643

BILLING CODE 4210–27–C Dated: January 3, 1995.

Camille E. Acevedo,

Assistant General Counsel for Regulations.

[FR Doc. 95–553 Filed 1–9–95; 8:45 am]

BILLING CODE 4210–27–P