[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR25.11]



[Page 279-280]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 25_MORTGAGEE REVIEW BOARD--Table of Contents

 

Sec.  25.11  Notification to other agencies.



    Whenever the Board has taken any discretionary action to suspend 

and/or withdraw the approval of a mortgagee, the Secretary shall provide 

prompt notice of the action and a statement of the reasons for the 

action to the Secretary of Veterans Affairs; the chief executive officer 

of the Federal National Mortgage Association; the chief executive 

officer of the Federal Home Loan Mortgage Corporation; the Administrator 

of the Farmers Home Administration; the Comptroller of the Currency, if 

the mortgagee is a National Bank or District Bank or subsidiary or 

affiliate of such a bank; the Board of Governors of the Federal Reserve 

System, if the mortgagee is a State bank that is a member of the Federal 

Reserve System or a subsidiary or affiliate of such a bank, or a bank 

holding company or a subsidiary or affiliate of such a company; the 

Board of Directors of the Federal Deposit Insurance Corporation if the 

mortgagee is a State bank that is not a member of the Federal Reserve 

System, or is a subsidiary or affiliate of such a bank; and the Director 

of the Office of Thrift Supervision, if the mortgagee is a Federal or



[[Page 280]]



State savings association or a subsidiary or affiliate of a savings 

association.