Loan Guaranty: Maximum Allowable Foreclosure Timeframes, 75899-75900 [2015-30592]
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Federal Register / Vol. 80, No. 233 / Friday, December 4, 2015 / Notices
2. RUPRAH, Sanjivan Singh (a.k.a. ‘‘NASR,
Samir M.’’); DOB 09 Aug 1966; POB
Kisumu, Kenya; nationality Kenya;
Passport D–001829–00 (Liberia); alt.
Passport 790015037 (United Kingdom)
issued 10 Jul 1998 expires 10 Jul 2008;
Businessman; Former Deputy
Commissioner, Bureau of Maritime
Affairs of Liberia (individual)
[DRCONGO].
Dated: December 1, 2015.
John E. Smith,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2015–30687 Filed 12–3–15; 8:45 am]
BILLING CODE 4810–AL–P
E.O. 13224, ‘‘Blocking Property and
Prohibiting Transactions With Persons
Who Commit, Threaten To Commit, or
Support Terrorism’’:
1. NUR, Mohammed (a.k.a. NUR, Mammam;
a.k.a. NUR, Mohammad; a.k.a. NURA,
Mohammed; a.k.a. NURU, Mallam
Ahmed; a.k.a. ‘‘MUHAMMAD,
Muhammad’’); DOB 01 Jan 1972; POB
Maiduguri, Nigeria; nationality Nigeria
(individual) [SDGT] (Linked To: BOKO
HARAM).
2. CHAD, Mustapha (a.k.a. TCHAD,
Mustapha); DOB 01 Jan 1978; nationality
Chad (individual) [SDGT] (Linked To:
BOKO HARAM).
Dated: December 1, 2015.
John E. Smith,
Acting Director, Office of Foreign Assets
Control.
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
[FR Doc. 2015–30646 Filed 12–3–15; 8:45 am]
Sanctions Actions Pursuant to
Executive Orders 13224
BILLING CODE 4810–AL–P
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
DEPARTMENT OF VETERANS
AFFAIRS
AGENCY:
The Treasury Department’s
Office of Foreign Assets Control (OFAC)
is publishing the names of two
individuals whose property and
interests in property are blocked
pursuant to Executive Order 13224 of
September 23, 2001, ‘‘Blocking Property
and Prohibiting Transactions With
Persons Who Commit, Threaten To
Commit, or Support Terrorism.’’
DATES: OFAC’s actions described in this
notice are effective on December 1,
2015.
FOR FURTHER INFORMATION CONTACT:
Associate Director for Global Targeting,
tel.: 202/622–2420, Assistant Director
for Sanctions Compliance & Evaluation,
tel.: 202/622–2490, Assistant Director
for Licensing, tel.: 202/622–2480, Office
of Foreign Assets Control, or Chief
Counsel (Foreign Assets Control), tel.:
202/622–2410, Office of the General
Counsel, Department of the Treasury
(not toll free numbers).
SUPPLEMENTARY INFORMATION:
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
Electronic and Facsimile Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available from OFAC’s
Web site (www.treasury.gov/ofac).
Certain general information pertaining
to OFAC’s sanctions programs is also
available via facsimile through a 24hour fax-on-demand service, tel.: 202–
622–0077.
Notice of OFAC Actions
On December 1, 2015, OFAC blocked
the property and interests in property of
the following individuals pursuant to
VerDate Sep<11>2014
18:41 Dec 03, 2015
Jkt 238001
Loan Guaranty: Maximum Allowable
Foreclosure Timeframes
AGENCY:
Department of Veterans Affairs
(VA).
ACTION:
Notice.
This notice provides
information to participants in the U.S.
Department of Veterans Affairs (VA)
home loan guaranty program concerning
the state foreclosure timeframes
allowable in the calculation of the
maximum interest payable on a
foreclosure of a VA-guaranteed loan.
The table in this notice contains the
timeframes the Secretary has
determined to be reasonable and
customary for all states, following an
annual review of amounts allowed by
other government-related home loan
programs.
SUMMARY:
The new foreclosure timeframes
will be effective for all loan
terminations completed on or after
January 4, 2016.
FOR FURTHER INFORMATION CONTACT:
Andrew Trevayne, Assistant Director for
Loan and Property Management,
Department of Veterans Affairs, 810
Vermont Ave. NW., Washington, DC
20420, (202) 632–8795 (not a toll-free
number).
DATES:
In
accordance with 38 U.S.C. Chapter 37,
the VA home loan guaranty program
offers a partial guaranty against loss to
lenders who make home loans to
Veterans. VA regulations concerning the
payment of loan guaranty claims are set
forth at 38 CFR 36.4300, et seq.
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
75899
Computation of guaranty claims is
addressed in 38 CFR 36.4324, which
states that one part of the indebtedness
upon which the guaranty percentage is
applied is the allowable expenses/
advances as described in 38 CFR
36.4314 (re-designated from § 36.4814).
The Secretary annually reviews
timeframes in connection with the
termination of single-family housing
loans including foreclosure, deed-inlieu of foreclosure, and bankruptcyrelated services, issued by the
Department of Housing and Urban
Development (HUD), Fannie Mae, and
Freddie Mac. See 38 CFR 36.4322(a).
Based on increases announced over the
past year by these entities, the Secretary
has deemed it necessary to publish in
the Federal Register revised timeframes
the Secretary now determines
reasonable and customary.
The following table represents the
Secretary’s determination of the
reasonable foreclosure timeframes for
the preferred method of terminating VAguaranteed loans and mirrors the
timeframes allowed by Fannie Mae.
This table will be available throughout
the year at: https://www.benefits.va.gov/
homeloans/. Pursuant to 38 CFR
36.4314(f)(2) and 36.4324(a)(3)(ii), a
guaranty claim can include unpaid
interest for a period of up to 210
calendar days from the due date of the
last paid installment, in addition to the
State calendar day timeframe for
foreclosure.1 These timeframes will be
allowed for all loan terminations
completed on or after January 4, 2016.
Jurisdiction
Alabama ................................
Alaska ...................................
Arizona ..................................
Arkansas ...............................
California ...............................
Colorado ...............................
Connecticut ...........................
Delaware ...............................
District of Columbia ..............
Florida ...................................
Georgia .................................
Guam ....................................
Hawaii ...................................
Idaho .....................................
Illinois ....................................
Indiana ..................................
Timeframe
(calendar
days)
360
450
330
450
510
420
750
780
300
810
330
500
840
540
630
570
1 VA will extend the timeframes above, and
increase the amount of resultant interest payable
under a claim, if VA determines that an acceptable
cause prevented the holder from foreclosing timely.
For an in-depth explanation of the allowable causes
and the procedures for requesting increases, see 38
CFR 36.4314(f)(2), 36.4324(a)(3)(ii), VA Loan
Electronic Reporting Interface (VALERI) Servicer
guide, and VA’s Web site at https://
www.benefits.va.gov/homeloans/servicers_
valeri.asp.
E:\FR\FM\04DEN1.SGM
04DEN1
75900
Federal Register / Vol. 80, No. 233 / Friday, December 4, 2015 / Notices
Jurisdiction
Timeframe
(calendar
days)
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Iowa ......................................
Kansas ..................................
Kentucky ...............................
Louisiana ..............................
Maine ....................................
Maryland ...............................
Massachusetts ......................
Michigan ...............................
Minnesota .............................
Mississippi ............................
Missouri ................................
Montana ................................
Nebraska ..............................
Nevada .................................
New Hampshire ....................
New Jersey ...........................
New Mexico ..........................
New York—Western Counties 2 ..................................
New York—Eastern Counties
North Carolina ......................
North Dakota ........................
Ohio ......................................
Oklahoma .............................
VerDate Sep<11>2014
18:41 Dec 03, 2015
630
420
540
510
690
660
440
300
390
360
330
450
420
690
420
750
720
820
990
450
630
570
570
Jkt 238001
Timeframe
(calendar
days)
Jurisdiction
Oregon ..................................
Pennsylvania ........................
Puerto Rico ...........................
Rhode Island ........................
South Carolina ......................
South Dakota ........................
Tennessee ............................
Texas ....................................
Utah ......................................
Vermont ................................
Virgin Islands ........................
Virginia ..................................
Washington ...........................
West Virginia ........................
Wisconsin .............................
Wyoming ...............................
600
750
720
660
600
570
300
390
540
810
510
390
660
300
510
330
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.
Robert L. Nabors II, Chief of Staff,
Department of Veterans Affairs,
approved this document on November
20, 2015, for publication.
Dated: November 30, 2015.
Michael Shores,
Chief Impact Analyst, Office of Regulation
Policy & Management, Office of the General
Counsel, Department of Veterans Affairs.
[FR Doc. 2015–30592 Filed 12–3–15; 8:45 am]
BILLING CODE 8320–01–P
Signing Authority
The Secretary of Veterans Affairs, or
designee, approved this document and
2 Western
Counties of New York for VA are:
Allegany, Cattaraugus, Chautauqua, Erie, Genesee,
PO 00000
Frm 00052
Fmt 4703
Sfmt 9990
Livingston, Monroe, Niagara, Ontario, Orleans,
Steuben, Wayne, Wyoming, and Yates. The
remaining counties are in Eastern New York.
E:\FR\FM\04DEN1.SGM
04DEN1
]]>Agencies
[Federal Register Volume 80, Number 233 (Friday, December 4, 2015)]
[Notices]
[Pages 75899-75900]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30592]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF VETERANS AFFAIRS
Loan Guaranty: Maximum Allowable Foreclosure Timeframes
AGENCY: Department of Veterans Affairs (VA).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice provides information to participants in the U.S.
Department of Veterans Affairs (VA) home loan guaranty program
concerning the state foreclosure timeframes allowable in the
calculation of the maximum interest payable on a foreclosure of a VA-
guaranteed loan. The table in this notice contains the timeframes the
Secretary has determined to be reasonable and customary for all states,
following an annual review of amounts allowed by other government-
related home loan programs.
DATES: The new foreclosure timeframes will be effective for all loan
terminations completed on or after January 4, 2016.
FOR FURTHER INFORMATION CONTACT: Andrew Trevayne, Assistant Director
for Loan and Property Management, Department of Veterans Affairs, 810
Vermont Ave. NW., Washington, DC 20420, (202) 632-8795 (not a toll-free
number).
SUPPLEMENTARY INFORMATION: In accordance with 38 U.S.C. Chapter 37, the
VA home loan guaranty program offers a partial guaranty against loss to
lenders who make home loans to Veterans. VA regulations concerning the
payment of loan guaranty claims are set forth at 38 CFR 36.4300, et
seq. Computation of guaranty claims is addressed in 38 CFR 36.4324,
which states that one part of the indebtedness upon which the guaranty
percentage is applied is the allowable expenses/advances as described
in 38 CFR 36.4314 (re-designated from Sec. 36.4814).
The Secretary annually reviews timeframes in connection with the
termination of single-family housing loans including foreclosure, deed-
in-lieu of foreclosure, and bankruptcy-related services, issued by the
Department of Housing and Urban Development (HUD), Fannie Mae, and
Freddie Mac. See 38 CFR 36.4322(a). Based on increases announced over
the past year by these entities, the Secretary has deemed it necessary
to publish in the Federal Register revised timeframes the Secretary now
determines reasonable and customary.
The following table represents the Secretary's determination of the
reasonable foreclosure timeframes for the preferred method of
terminating VA-guaranteed loans and mirrors the timeframes allowed by
Fannie Mae. This table will be available throughout the year at: https://www.benefits.va.gov/homeloans/. Pursuant to 38 CFR 36.4314(f)(2) and
36.4324(a)(3)(ii), a guaranty claim can include unpaid interest for a
period of up to 210 calendar days from the due date of the last paid
installment, in addition to the State calendar day timeframe for
foreclosure.\1\ These timeframes will be allowed for all loan
terminations completed on or after January 4, 2016.
---------------------------------------------------------------------------
\1\ VA will extend the timeframes above, and increase the amount
of resultant interest payable under a claim, if VA determines that
an acceptable cause prevented the holder from foreclosing timely.
For an in-depth explanation of the allowable causes and the
procedures for requesting increases, see 38 CFR 36.4314(f)(2),
36.4324(a)(3)(ii), VA Loan Electronic Reporting Interface (VALERI)
Servicer guide, and VA's Web site at https://www.benefits.va.gov/homeloans/servicers_valeri.asp.
------------------------------------------------------------------------
Timeframe
Jurisdiction (calendar
days)
------------------------------------------------------------------------
Alabama................................................. 360
Alaska.................................................. 450
Arizona................................................. 330
Arkansas................................................ 450
California.............................................. 510
Colorado................................................ 420
Connecticut............................................. 750
Delaware................................................ 780
District of Columbia.................................... 300
Florida................................................. 810
Georgia................................................. 330
Guam.................................................... 500
Hawaii.................................................. 840
Idaho................................................... 540
Illinois................................................ 630
Indiana................................................. 570
[[Page 75900]]
Iowa.................................................... 630
Kansas.................................................. 420
Kentucky................................................ 540
Louisiana............................................... 510
Maine................................................... 690
Maryland................................................ 660
Massachusetts........................................... 440
Michigan................................................ 300
Minnesota............................................... 390
Mississippi............................................. 360
Missouri................................................ 330
Montana................................................. 450
Nebraska................................................ 420
Nevada.................................................. 690
New Hampshire........................................... 420
New Jersey.............................................. 750
New Mexico.............................................. 720
New York--Western Counties \2\.......................... 820
New York--Eastern Counties.............................. 990
North Carolina.......................................... 450
North Dakota............................................ 630
Ohio.................................................... 570
Oklahoma................................................ 570
Oregon.................................................. 600
Pennsylvania............................................ 750
Puerto Rico............................................. 720
Rhode Island............................................ 660
South Carolina.......................................... 600
South Dakota............................................ 570
Tennessee............................................... 300
Texas................................................... 390
Utah.................................................... 540
Vermont................................................. 810
Virgin Islands.......................................... 510
Virginia................................................ 390
Washington.............................................. 660
West Virginia........................................... 300
Wisconsin............................................... 510
Wyoming................................................. 330
------------------------------------------------------------------------
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. Robert L.
Nabors II, Chief of Staff, Department of Veterans Affairs, approved
this document on November 20, 2015, for publication.
---------------------------------------------------------------------------
\2\ Western Counties of New York for VA are: Allegany,
Cattaraugus, Chautauqua, Erie, Genesee, Livingston, Monroe, Niagara,
Ontario, Orleans, Steuben, Wayne, Wyoming, and Yates. The remaining
counties are in Eastern New York.
Dated: November 30, 2015.
Michael Shores,
Chief Impact Analyst, Office of Regulation Policy & Management, Office
of the General Counsel, Department of Veterans Affairs.
[FR Doc. 2015-30592 Filed 12-3-15; 8:45 am]
BILLING CODE 8320-01-P
