[Federal Register Volume 60, Number 64 (Tuesday, April 4, 1995)]
[Rules and Regulations]
[Page 16985]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8148]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner

24 CFR Part 3500

[Docket No. R-95-1688; FR-3255-N-07]


Real Estate Settlement Procedures Act (Regulation X); Escrow 
Accounting Procedures: Announcement of Availability of Software To 
Calculate Aggregate Accounting Adjustment

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of availability of software.

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SUMMARY: On October 26, 1994, HUD published a final rule establishing 
escrow accounting procedures under the Real Estate Settlement 
Procedures Act. In the October 26 final rule the Department indicated 
that it would make available computer software that could be used in 
calculating the numerical value of the aggregate accounting adjustment 
for a last line in the 1000 series of the HUD-1 and HUD-1A. This notice 
describes the availability of this software on Internet or by 
requesting a diskette by mail or telephone.

FOR FURTHER INFORMATION CONTACT: William Reid, Research Economist, 
Office of Policy Development and Research, Room 8212, Department of 
Housing and Urban Development, 451 Seventh Street SW., Washington, DC 
20410; telephone (202) 708-0421 or (202) 708-0770 (TDD).

SUPPLEMENTARY INFORMATION: On October 26, 1994 (59 FR 53890), the 
Department published a final rule establishing escrow accounting 
procedures under Sections 6(g) and 10 of the Real Estate Settlement 
Procedures Act, 12 U.S.C. 2605(g) and 2609 (RESPA). This final rule was 
corrected on December 19, 1994 (59 FR 65442), and augmented on February 
15, 1995 (60 FR 8811; correction published March 1, 1995, 60 FR 11194) 
by a further final rule that included commentaries, corrections, and 
illustrations. The February 15, 1995, rule also established an 
effective date of May 24, 1995, for both the October 26 and February 15 
rules.
    In the October final rule, at page 53895, the Department said it 
would make available software that could be used in calculating the 
numerical value of the aggregate accounting adjustment for a last line 
in the 1000 series of the HUD-1 and HUD-1A. The software is available 
at no charge over Internet by accessing the ``HUD Gopher'' (see 
instructions below). Alternatively, a diskette containing the two files 
included on the Internet may be obtained by sending a request, with a 
check payable to HUD USER for $15 for each diskette ordered, to: HUD 
USER, P.O. Box 6091, Rockville, MD 20850. HUD USER also may be reached 
by telephone at 1-800-245-2691 to answer inquiries about this software 
or to order diskettes when the cost of the diskettes is being charged 
to a VISA or MasterCard account. All inquiries, whether by mail or 
telephone, should reference ``Notice FR-3255, Escrow Accounting 
Software.''

Access via Internet

    To access the software using the HUD Gopher, follow these 
procedures:
    <bullet> Access the Internet;
    <bullet> Select the Gopher option from the Internet utilities menu;
    <bullet> Type the address: ``huduser.aspensys.com 73'' (depending 
on the user's Gopher convention, the selection of port 73 may be 
signaled by typing a different character (such as an underline, colon, 
or backslash) instead of the space);
    <bullet> At the main menu of options, select ``Policy Development 
and Research Publications'';
    <bullet> Then select ``Homeownership''; and
    <bullet> Select the two Lotus 1-2-3 format files: ``biweekly 
mortgage aggregate adjustment'' and ``monthly mortgage aggregate 
adjustment''.

    Dated: March 27, 1995.
Nicolas P. Retsinas,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 95-8148 Filed 4-3-95; 8:45 am]
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