Loan Guaranty: Elimination of Redundant Regulations, 33704-33705 [2010-14156]

Download as PDF 33704 Federal Register / Vol. 75, No. 114 / Tuesday, June 15, 2010 / Rules and Regulations exclusion determination are available in the docket where indicated under ADDRESSES. List of Subjects in 33 CFR Part 165 Dated: June 3, 2010. S.E. Mehling, Rear Admiral, U.S. Coast Guard, Commander, Fourteenth Coast Guard District. [FR Doc. 2010–14298 Filed 6–14–10; 8:45 am] Harbors, Marine safety, Navigation (water), Reporting and recordkeeping requirements, Security measures, Waterways. BILLING CODE 9110–04–P DEPARTMENT OF VETERANS AFFAIRS For the reasons discussed in the preamble, the Coast Guard amends 33 CFR part 165 as follows: ■ 38 CFR Part 36 RIN 2900–AN71 PART 165—REGULATED NAVIGATION AREAS AND LIMITED ACCESS AREAS Loan Guaranty: Elimination of Redundant Regulations 1. The authority citation for part 165 continues to read as follows: AGENCY: Authority: 33 U.S.C. 1226, 1231; 46 U.S.C. Chapter 701, 3306, 3703; 50 U.S.C. 191, 195; 33 CFR 1.05–1, 6.04–1, 6.04–6, 160.5; Pub. L. 107–295, 116 Stat. 2064; Department of Homeland Security Delegation No. 0170.1. SUMMARY: This document eliminates redundant and obsolete provisions in the Department of Veterans Affairs (VA) loan guaranty regulations. The provisions being removed are no longer necessary because the phase-in of VA’s new loan administration rules is complete. DATES: Effective Date: June 15, 2010. FOR FURTHER INFORMATION CONTACT: Katherine Faliski, Assistant Director for Loan Processing and Valuation (262), Veterans Benefits Administration, Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420, telephone (202) 461–9527. (This is not a toll-free telephone number.) SUPPLEMENTARY INFORMATION: On February 18, 2005 (70 FR 8472), VA proposed to amend its loan guaranty regulations to implement new program requirements for the mortgage servicing industry. The notice of proposed rulemaking was followed by publication of a supplemental notice regarding the computer system for the new requirements (71 FR 68498, Nov. 27, 2006) and a second supplemental notice regarding VA’s proposal for phasing-in the requirements (72 FR 30505, June 1, 2007). The second supplemental notice stated: ‘‘When all industry segments have been brought on-line, VA will remove current §§ 36.4300 through 36.4393, and redesignate the new 4800 series to replace current §§ 36.4300 through 36.4393. At that time, all program participants would be subject to the new rules.’’ On February 1, 2008 (73 FR 6294), VA published a final rule amending 38 CFR part 36 to implement the new program requirements. VA temporarily designated then-existing provisions found at 38 CFR 36.4300 through 36.4393 (the ‘‘36.4300 series’’) as a new subpart B and established a new subpart F to include new §§ 36.4800 through ■ ■ ACTION: 2. Add § 165.1412 to read as follows: mstockstill on DSKH9S0YB1PROD with RULES § 165.1412 Security Zone; Escorted U.S. Navy Submarines in Sector Honolulu Captain of the Port Zone. (a) Location. The following area is a security zone: all waters, from the surface to the ocean floor, within 1,000 yards of any U.S. Navy submarine that is (1) operating in the Sector Honolulu Captain of the Port Zone, as defined in 33 CFR 3.70–10, and that (2) is being escorted by the U.S. Coast Guard. (b) Regulations. In accordance with the general regulations in 33 CFR 165, Subpart D, no person or vessel may enter or remain in the security zone created by paragraph (a) of this section unless authorized by the Coast Guard patrol commander. The Coast Guard patrol commander may be contacted via VHF Channel 16 or other means reasonably available. 33 CFR part 165.30 and 165.33 contain additional provisions applicable to the security zone created in paragraph (a) of this section. (c) Effective period. This rule is effective from 6:00 a.m. on June 12, 2010 Hawaiian Standard Time (HST). (d) Notification. The Coast Guard security escort will attempt, when necessary and practicable, to notify any persons or vessels inside or in the vicinity of the security one created in paragraph (a) of this section of the zone’s existence via VHF Channel 16 or other means reasonably available. (e) Penalties. Vessels or persons violating this rule are subject to the penalties set forth in 33 U.S.C. 1232 and 50 U.S.C. 192. VerDate Mar<15>2010 16:10 Jun 14, 2010 Jkt 220001 PO 00000 Department of Veterans Affairs. Final rule. Frm 00032 Fmt 4700 Sfmt 4700 36.4893 (the ‘‘36.4800 series’’). The 36.4800 series replicated most aspects of the VA Loan Guaranty Program set forth in the 36.4300 series, but also included changes related to the servicing and liquidating of guaranteed housing loans in default, and the submission of guaranty claims by loan holders. VA implemented the phase-in of the subpart F provisions over a period of 11 months and completed the process during the 2nd quarter of FY 2009, following which the 36.4300 series became redundant and obsolete. Rather than eliminating subpart B altogether, however, we are redesignating the 36.4800 series to replace the 36.4300 series in its entirety. This action is necessary because most program participants are accustomed to referring to the 36.4300 series for regulations pertaining to the VA Loan Guaranty Program. Administrative Procedure Act This final rule deletes only redundant or obsolete provisions. It also redesignates current regulations without making any substantive changes. Accordingly, it is exempt from the prior notice-and-comment and delayedeffective-date requirements of 5 U.S.C. 553. Executive Order 12866 Executive Order 12866 directs agencies to assess all costs and benefits of available regulatory alternatives and, when regulation is necessary, to select regulatory approaches that maximize net benefits (including potential economic, environmental, public health and safety, and other advantages; distributive impacts; and equity). The Executive Order classifies a ‘‘significant regulatory action,’’ requiring review by the Office of Management and Budget (OMB) unless OMB waives such review, as any regulatory action that is likely to result in a rule that may: (1) Have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities; (2) create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (3) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or (4) raise novel legal or policy issues arising out of legal mandates, the President’s priorities, or the principles set forth in the Executive Order. E:\FR\FM\15JNR1.SGM 15JNR1 Federal Register / Vol. 75, No. 114 / Tuesday, June 15, 2010 / Rules and Regulations The economic, interagency, budgetary, legal, and policy implications of this rule have been examined, and it has been determined not to be a significant regulatory action under Executive Order 12866. Unfunded Mandates The Unfunded Mandates Reform Act of 1995 requires, at 2 U.S.C. 1532, that agencies prepare an assessment of anticipated costs and benefits before issuing any rule that may result in expenditure by State, local, and tribal governments, in the aggregate, or by the private sector, of $100 million or more (adjusted annually for inflation) in any given year. This rule will have no such effect on State, local, and tribal governments, or on the private sector. This document contains no provisions constituting a collection of information under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501–3521). The initial and final regulatory flexibility analysis requirements of sections 603 and 604 of the Regulatory Flexibility Act, 5 U.S.C. 601–612, are not applicable to this rule because a notice of proposed rulemaking is not required. Even so, the Secretary hereby certifies that this regulatory amendment will not have a significant economic impact on a substantial number of small entities as they are defined in the Regulatory Flexibility Act. This amendment will not directly affect any small entities. Therefore, this amendment is also exempt pursuant to 5 U.S.C. 605(b) from the initial and final regulatory flexibility analysis requirements of sections 603–604. Catalog of Federal Domestic Assistance The Catalog of Federal Domestic Assistance Program number and title for the program affected by this document are 64.114, Veterans Housing— Guaranteed and Insured Loans. Signing Authority mstockstill on DSKH9S0YB1PROD with RULES Dated: June 9, 2010. Robert C. McFetridge, Director of Regulation Policy and Management, Office of the General Counsel. For the reasons stated in the preamble, VA amends 38 CFR part 36 as follows: ■ PART 36—LOAN GUARANTY 1. The authority citation for part 36 continues to read as follows: ■ Subpart B—[Removed] ■ 2. Remove subpart B. Subpart F—[Redesignated as Subpart B] Regulatory Flexibility Act The Secretary of Veterans Affairs, or designee, approved this document and authorized the undersigned to sign and submit the document to the Office of the Federal Register for publication electronically as an official document of the Department of Veterans Affairs. John R. Gingrich, Chief of Staff, Department of Veterans Affairs, approved this document on June 4, 2010 for publication. 16:10 Jun 14, 2010 Condominiums, Handicapped, Housing, Indians, Individuals with disabilities, Loan programs—housing and community development, Loan programs—Indians, Loan programs— veterans, Manufactured homes, Mortgage insurance, Reporting and recordkeeping requirements, Veterans. Authority: 38 U.S.C. 501 and as otherwise noted. Paperwork Reduction Act of 1995 VerDate Mar<15>2010 List of Subjects in 38 CFR Part 36 Jkt 220001 3. Redesignate subpart F as new subpart B. ■ §§ 36.4800 through 36.4893 [Redesignated as §§ 36.4300 through 36.4393] 4. Redesignate §§ 36.4800 through 36.4893 as follows: ■ Old section 36.4800 36.4801 36.4802 36.4803 36.4804 36.4805 36.4806 36.4807 36.4808 36.4809 36.4810 36.4811 36.4812 36.4813 36.4814 36.4815 36.4816 36.4817 36.4818 36.4819 36.4820 36.4821 36.4822 36.4823 36.4824 36.4825 36.4826 36.4827 36.4828 36.4829 36.4830 36.4831 PO 00000 Frm 00033 New section 36.4300 36.4301 36.4302 36.4303 36.4304 36.4305 36.4306 36.4307 36.4308 36.4309 36.4310 36.4311 36.4312 36.4313 36.4314 36.4315 36.4316 36.4317 36.4318 36.4319 36.4320 36.4321 36.4322 36.4323 36.4324 36.4325 36.4326 36.4327 36.4328 36.4329 36.4330 36.4331 Fmt 4700 Sfmt 4700 Old section 36.4832 36.4833 36.4835 36.4836 [Reserved] 36.4837 36.4838 36.4839 36.4840 36.4841 36.4842 36.4843 36.4845 36.4846 36.4847 36.4848 36.4849 36.4850 36.4851 36.4852 36.4853 36.4854 36.4855 36.4856 36.4857 36.4858 [Reserved] 36.4859 36.4860 36.4861 36.4862 36.4863 36.4864 36.4865 36.4867 36.4868 36.4869 36.4870 36.4875 36.4877 36.4878 36.4879 36.4880 36.4890 36.4891 36.4892 36.4893 33705 New section 36.4332 36.4333 36.4335 36.4336 [Reserved] 36.4337 36.4338 36.4339 36.4340 36.4341 36.4342 36.4343 36.4345 36.4346 36.4347 36.4348 36.4349 36.4350 36.4351 36.4352 36.4353 36.4354 36.4355 36.4356 36.4357 36.4358 [Reserved] 36.4359 36.4360 36.4361 36.4362 36.4363 36.4364 36.4365 36.4367 36.4368 36.4369 36.4370 36.4375 36.4377 36.4378 36.4379 36.4380 36.4390 36.4391 36.4392 36.4393 [FR Doc. 2010–14156 Filed 6–14–10; 8:45 am] BILLING CODE P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 156 [EPA–HQ–OPP–2005–0327; FRL–8830–7] RIN 2070–AJ74 Pesticide Management and Disposal; Standards for Pesticide Containers and Containment; Change to Labeling Compliance Date AGENCY: Environmental Protection Agency (EPA). ACTION: Final rule. SUMMARY: EPA is amending the pesticide container and containment regulations to provide a 4–month extension of the 40 CFR 156.159 labeling compliance date from August E:\FR\FM\15JNR1.SGM 15JNR1

Agencies

[Federal Register Volume 75, Number 114 (Tuesday, June 15, 2010)]
[Rules and Regulations]
[Pages 33704-33705]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-14156]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

38 CFR Part 36

RIN 2900-AN71


Loan Guaranty: Elimination of Redundant Regulations

AGENCY: Department of Veterans Affairs.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: This document eliminates redundant and obsolete provisions in 
the Department of Veterans Affairs (VA) loan guaranty regulations. The 
provisions being removed are no longer necessary because the phase-in 
of VA's new loan administration rules is complete.

DATES: Effective Date: June 15, 2010.

FOR FURTHER INFORMATION CONTACT: Katherine Faliski, Assistant Director 
for Loan Processing and Valuation (262), Veterans Benefits 
Administration, Department of Veterans Affairs, 810 Vermont Avenue, 
NW., Washington, DC 20420, telephone (202) 461-9527. (This is not a 
toll-free telephone number.)

SUPPLEMENTARY INFORMATION: On February 18, 2005 (70 FR 8472), VA 
proposed to amend its loan guaranty regulations to implement new 
program requirements for the mortgage servicing industry. The notice of 
proposed rulemaking was followed by publication of a supplemental 
notice regarding the computer system for the new requirements (71 FR 
68498, Nov. 27, 2006) and a second supplemental notice regarding VA's 
proposal for phasing-in the requirements (72 FR 30505, June 1, 2007). 
The second supplemental notice stated: ``When all industry segments 
have been brought on-line, VA will remove current Sec. Sec.  36.4300 
through 36.4393, and redesignate the new 4800 series to replace current 
Sec. Sec.  36.4300 through 36.4393. At that time, all program 
participants would be subject to the new rules.''
    On February 1, 2008 (73 FR 6294), VA published a final rule 
amending 38 CFR part 36 to implement the new program requirements. VA 
temporarily designated then-existing provisions found at 38 CFR 36.4300 
through 36.4393 (the ``36.4300 series'') as a new subpart B and 
established a new subpart F to include new Sec. Sec.  36.4800 through 
36.4893 (the ``36.4800 series''). The 36.4800 series replicated most 
aspects of the VA Loan Guaranty Program set forth in the 36.4300 
series, but also included changes related to the servicing and 
liquidating of guaranteed housing loans in default, and the submission 
of guaranty claims by loan holders.
    VA implemented the phase-in of the subpart F provisions over a 
period of 11 months and completed the process during the 2nd quarter of 
FY 2009, following which the 36.4300 series became redundant and 
obsolete. Rather than eliminating subpart B altogether, however, we are 
redesignating the 36.4800 series to replace the 36.4300 series in its 
entirety. This action is necessary because most program participants 
are accustomed to referring to the 36.4300 series for regulations 
pertaining to the VA Loan Guaranty Program.

Administrative Procedure Act

    This final rule deletes only redundant or obsolete provisions. It 
also redesignates current regulations without making any substantive 
changes. Accordingly, it is exempt from the prior notice-and-comment 
and delayed-effective-date requirements of 5 U.S.C. 553.

Executive Order 12866

    Executive Order 12866 directs agencies to assess all costs and 
benefits of available regulatory alternatives and, when regulation is 
necessary, to select regulatory approaches that maximize net benefits 
(including potential economic, environmental, public health and safety, 
and other advantages; distributive impacts; and equity). The Executive 
Order classifies a ``significant regulatory action,'' requiring review 
by the Office of Management and Budget (OMB) unless OMB waives such 
review, as any regulatory action that is likely to result in a rule 
that may: (1) Have an annual effect on the economy of $100 million or 
more or adversely affect in a material way the economy, a sector of the 
economy, productivity, competition, jobs, the environment, public 
health or safety, or State, local, or tribal governments or 
communities; (2) create a serious inconsistency or otherwise interfere 
with an action taken or planned by another agency; (3) materially alter 
the budgetary impact of entitlements, grants, user fees, or loan 
programs or the rights and obligations of recipients thereof; or (4) 
raise novel legal or policy issues arising out of legal mandates, the 
President's priorities, or the principles set forth in the Executive 
Order.

[[Page 33705]]

    The economic, interagency, budgetary, legal, and policy 
implications of this rule have been examined, and it has been 
determined not to be a significant regulatory action under Executive 
Order 12866.

Unfunded Mandates

    The Unfunded Mandates Reform Act of 1995 requires, at 2 U.S.C. 
1532, that agencies prepare an assessment of anticipated costs and 
benefits before issuing any rule that may result in expenditure by 
State, local, and tribal governments, in the aggregate, or by the 
private sector, of $100 million or more (adjusted annually for 
inflation) in any given year. This rule will have no such effect on 
State, local, and tribal governments, or on the private sector.

Paperwork Reduction Act of 1995

    This document contains no provisions constituting a collection of 
information under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-
3521).

Regulatory Flexibility Act

    The initial and final regulatory flexibility analysis requirements 
of sections 603 and 604 of the Regulatory Flexibility Act, 5 U.S.C. 
601-612, are not applicable to this rule because a notice of proposed 
rulemaking is not required. Even so, the Secretary hereby certifies 
that this regulatory amendment will not have a significant economic 
impact on a substantial number of small entities as they are defined in 
the Regulatory Flexibility Act. This amendment will not directly affect 
any small entities. Therefore, this amendment is also exempt pursuant 
to 5 U.S.C. 605(b) from the initial and final regulatory flexibility 
analysis requirements of sections 603-604.

Catalog of Federal Domestic Assistance

    The Catalog of Federal Domestic Assistance Program number and title 
for the program affected by this document are 64.114, Veterans 
Housing--Guaranteed and Insured Loans.

Signing Authority

    The Secretary of Veterans Affairs, or designee, approved this 
document and authorized the undersigned to sign and submit the document 
to the Office of the Federal Register for publication electronically as 
an official document of the Department of Veterans Affairs. John R. 
Gingrich, Chief of Staff, Department of Veterans Affairs, approved this 
document on June 4, 2010 for publication.

List of Subjects in 38 CFR Part 36

    Condominiums, Handicapped, Housing, Indians, Individuals with 
disabilities, Loan programs--housing and community development, Loan 
programs--Indians, Loan programs--veterans, Manufactured homes, 
Mortgage insurance, Reporting and recordkeeping requirements, Veterans.

    Dated: June 9, 2010.
Robert C. McFetridge,
Director of Regulation Policy and Management, Office of the General 
Counsel.

0
For the reasons stated in the preamble, VA amends 38 CFR part 36 as 
follows:

PART 36--LOAN GUARANTY

0
1. The authority citation for part 36 continues to read as follows:

    Authority: 38 U.S.C. 501 and as otherwise noted.

Subpart B--[Removed]

0
2. Remove subpart B.

Subpart F--[Redesignated as Subpart B]

0
3. Redesignate subpart F as new subpart B.


Sec. Sec.  36.4800 through 36.4893  [Redesignated as Sec. Sec.  36.4300 
through 36.4393]

0
4. Redesignate Sec. Sec.  36.4800 through 36.4893 as follows:

------------------------------------------------------------------------
            Old section                          New section
------------------------------------------------------------------------
36.4800                              36.4300
36.4801                              36.4301
36.4802                              36.4302
36.4803                              36.4303
36.4804                              36.4304
36.4805                              36.4305
36.4806                              36.4306
36.4807                              36.4307
36.4808                              36.4308
36.4809                              36.4309
36.4810                              36.4310
36.4811                              36.4311
36.4812                              36.4312
36.4813                              36.4313
36.4814                              36.4314
36.4815                              36.4315
36.4816                              36.4316
36.4817                              36.4317
36.4818                              36.4318
36.4819                              36.4319
36.4820                              36.4320
36.4821                              36.4321
36.4822                              36.4322
36.4823                              36.4323
36.4824                              36.4324
36.4825                              36.4325
36.4826                              36.4326
36.4827                              36.4327
36.4828                              36.4328
36.4829                              36.4329
36.4830                              36.4330
36.4831                              36.4331
36.4832                              36.4332
36.4833                              36.4333
36.4835                              36.4335
36.4836 [Reserved]                   36.4336 [Reserved]
36.4837                              36.4337
36.4838                              36.4338
36.4839                              36.4339
36.4840                              36.4340
36.4841                              36.4341
36.4842                              36.4342
36.4843                              36.4343
36.4845                              36.4345
36.4846                              36.4346
36.4847                              36.4347
36.4848                              36.4348
36.4849                              36.4349
36.4850                              36.4350
36.4851                              36.4351
36.4852                              36.4352
36.4853                              36.4353
36.4854                              36.4354
36.4855                              36.4355
36.4856                              36.4356
36.4857                              36.4357
36.4858 [Reserved]                   36.4358 [Reserved]
36.4859                              36.4359
36.4860                              36.4360
36.4861                              36.4361
36.4862                              36.4362
36.4863                              36.4363
36.4864                              36.4364
36.4865                              36.4365
36.4867                              36.4367
36.4868                              36.4368
36.4869                              36.4369
36.4870                              36.4370
36.4875                              36.4375
36.4877                              36.4377
36.4878                              36.4378
36.4879                              36.4379
36.4880                              36.4380
36.4890                              36.4390
36.4891                              36.4391
36.4892                              36.4392
36.4893                              36.4393
------------------------------------------------------------------------

[FR Doc. 2010-14156 Filed 6-14-10; 8:45 am]
BILLING CODE P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.