HUD has announced the reopening of the public comment period on its advance notice of proposed rule making (ANPR) regarding the Accelerated Claim and Asset Disposition (ACD) program, originally published on June 5, 2006.

The June 5, 2006, ANPR provided for a 60-day public comment period, which closed on August 4, 2006. HUD received requests for additional time to submit public comments. Therefore, HUD is announcing through this notice that it is reopening the public comment period for an additional 30-day period.

The ACD process was designed to increase recoveries, produce savings, and improve the overall efficiency of the disposition of HUD-acquired single family assets. Under amended section 204(a)(1)(A) of the National Housing Act, the Secretary of HUD is authorized to pay claims upon assignment of certain defaulted FHA-insured mortgage loans.

Before implementing the new ACD disposition process on a nationwide basis, HUD has conducted an ACD Demonstration program involving a group of defaulted mortgages. This has allowed HUD to assess the overall effectiveness of this disposition process. HUD believes that improvements can be made to the program to make it more effective.

Interested persons are directed to the June 5, 2006, ANPR for additional information regarding the ACD process and on the topics on which HUD is specifically soliciting public comments. The public comments received by HUD, both in response to the original June 5, 2006, ANPR and this notice, will be used to develop the future proposed rule commencing the rulemaking process to codify the ACD program.

Written comments may be submitted to
Regulations Division, Office of General Counsel
Department of Housing and Urban Development
451 Seventh Street, SW., Room 10276
Washington, DC 20410–0500.

Electronic comments may be submitted through the Federal eRulemaking Portal at: http://www.regulations.gov. 

HUD strongly encourages commenters to submit comments electronically.

All communications should refer to Docket No. FR–4887–N–02 and title, "HUD'S ACCELERATED CLAIM AND ASSET DISPOSITION (ACD) PROGRAM; REOPENING OF PUBLIC COMMENT PERIOD ".

Facsimile (FAX) comments and e-mail comments are not acceptable.

For additional information, one can contact
Kathleen S. Malone
Director, Asset Sales Office, Office of Finance and Budget
Department of Housing and Urban Development
451 Seventh Street SW., Room 3136
Washington, DC 20410–8000
Telephone (202) 708–2625

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