[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: 24CFR81.52]



[Page 456]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 81_THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL 

MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE 

CORPORATION (FREDDIE MAC)--Table of Contents

 

                     Subpart D_New Program Approval

 

Sec.  81.52  Requirement for program requests.



    (a) Before implementing a new program, a GSE shall submit a request 

for new program approval (``program request'') to the Secretary for the 

Secretary's review. Submission of a program request is not required 

where the program that the GSE proposes to implement is not 

significantly different from:

    (1) A program that has already been approved in writing by the 

Secretary; or

    (2) A program that was engaged in by the GSE prior to October 28, 

1992.

    (b) If a GSE does not submit a program request for a program, the 

Secretary may request information about the program and require that the 

GSE submit a program request. The GSE shall comply with the request and 

may indicate in such response its views respecting whether the program 

is subject to the Secretary's review.