Correction to AI92

2900-AI92- correction.pdf

Loan Guaranty: Requirements for Interest Rate Reduction Refinancing Loans

Correction to AI92

OMB: 2900-0601

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Federal Register / Vol. 64, No. 101 / Wednesday, May 26, 1999 / Rules and Regulations
that we felt there are clearly times when
other land use changes could warrant
being considered a significant revision.
However, it is not our intent to indicate
that all other land use changes must be
considered a significant revision. Nor is
it our intent to alter OSM’s position as
reflected in other regulatory actions
relating to significant permit revisions,
such as those for the Federal program in
Tennessee. We do feel that it is essential
for Indiana to continue to have the
discretion to determine, on a case-bycase basis, that other land use changes
besides those listed in section 8.1(8)
may constitute a significant revision.
Therefore, this provision was
disapproved.
Dated: May 18, 1999.
Brent Wahlquist,
Regional Director, Mid-Continent Regional
Coordinating Center.
[FR Doc. 99–13336 Filed 5–25–99; 8:45 am]
BILLING CODE 4310–05–P

DEPARTMENT OF VETERANS
AFFAIRS
38 CFR Part 36
RIN 2900–AI92

Loan Guaranty: Requirements for
Interest Rate Reduction Refinancing
Loans
Department of Veterans Affairs.
Final rule; correction and delay
of effective date.

AGENCY:
ACTION:

SUMMARY: This document makes a
correction to a final rule amending our
loan guaranty regulations concerning
the requirements for Interest Rate
Reduction Refinancing Loans (IRRRLs).
This document also delays for 14 days
the effective date of the final rule. Under
the final rule, generally to obtain an
IRRRL the veteran’s monthly mortgage
payment must decrease. Also, the final
rule provides that the loan being
refinanced must not be delinquent or
the veteran seeking the loan must meet
certain credit standard provisions. The
new effective date is June 7, 1999. These
actions are needed because of a lawsuit
concerning the final rule.
DATES: The final rule published in the
Federal Register on April 23, 1999 (64
FR 19906), with changes made by this
document, is effective June 7, 1999.
FOR FURTHER INFORMATION CONTACT: R.D.
Finneran, Acting Assistant Director for
Loan Policy and Valuation (262), Loan
Guaranty Service, Veterans Benefits
Administration, Department of Veterans
Affairs, 810 Vermont Avenue, NW,
Washington, DC 20420, (202) 273–7368.

Under the
authority of 38 U.S.C. chapter 37, VA
guarantees loans made by lenders to
eligible veterans to purchase, construct,
improve, or refinance their homes (the
term veteran as used in this document
includes any individual defined as a
veteran under 38 U.S.C. 101 and 3701
for the purpose of housing loans). This
document amends VA’s loan guaranty
regulations by revising the requirements
for VA-guaranteed IRRRLs.
The IRRRL program was established
by Public Law No. 96–385, October 7,
1980. IRRRLs are designed to assist
veterans by allowing them to refinance
an outstanding VA-guaranteed loan with
a new loan at a lower rate. The
provisions of 38 U.S.C. 3703(c)(3) and
3710(e)(1)(C) allow the veteran to do so
without having to pay any out-of-pocket
expenses. The veteran may include in
the new loan the outstanding balance of
the old loan plus reasonable closing
costs, including up to two discount
points.
We published a final rule in the
Federal Register on April 23, 1999 (64
FR 19906), to amend the loan guaranty
regulations concerning the requirements
for IRRRLs. Under the final rule,
generally to obtain an IRRRL the
veteran’s monthly mortgage payment
must decrease. Also, the final rule
provides that the loan being refinanced
must not be delinquent or the veteran
seeking the loan must meet certain
credit standard provisions.
We are changing 38 CFR
36.4306a(a)(6) in the final rule to reflect
statutory provisions at 38 U.S.C.
3710(e)(1)(D) which state that the dollar
amount of guaranty on IRRRLs may not
exceed the greater of the original
guaranty amount of the loan being
refinanced or 25 percent of the loan.
Since this change merely restates
statutory provisions there is a basis for
dispensing with notice-and-comment
and delayed effective date provisions of
5 U.S.C. 553.
We are also changing the effective
date of the final rule. The effective date
for the final rule was scheduled to be
May 24, 1999. This document changes
the effective date to June 7, 1999.
These actions are needed because of
a lawsuit concerning the final rule.
Accordingly, in FR Doc. 99–10146
published on April 23, 1999 (64 FR
19906) make the following correction.
On page 19910, in § 36.4306a, paragraph
(a)(6) is corrected to read as follows:

SUPPLEMENTARY INFORMATION:

§ 36.4306a Interest rate reduction
refinancing loan.

(a) * * *
(6) The dollar amount of guaranty on
the 38 U.S.C. 3710(a)(8) or (a)(9)(B)(i)

28363

loan may not exceed the greater of the
original guaranty amount of the loan
being refinanced or 25 percent of the
loan; and
*
*
*
*
*
Approved: May 21, 1999.
Togo D. West, Jr.,
Secretary of Veterans Affairs.
[FR Doc. 99–13396 Filed 5–21–99; 3:38 pm]
BILLING CODE 8320–01–P

ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Part 180
OPP–300864; FRL–6081–8]
RIN 2070–AB78

Spinosad; Pesticide Tolerance
Environmental Protection
Agency (EPA).
ACTION: Final rule.
AGENCY:

This regulation establishes
time-limited tolerances for residues of
spinosad in or on sweet corn at 0.02
parts per million (ppm), sweet corn
forage at 0.6 ppm, sweet corn stover at
1.0 ppm, and a permanent tolerance for
tuberous and corm vegetables (crop
subgroup 1C) at 0.02 ppm. The
Interregional Research Project Number 4
(IR-4) requested the tolerance for
tuberous and corm vegetables (crop
subgroup 1C). Dow AgroScience
Company requested tolerances for sweet
corn. These tolerances were requested
under the Federal Food, Drug, and
Cosmetic Act, as amended by the Food
Quality Protection Act of 1996.
DATES: This regulation is effective May
26, 1999. Objections and requests for
hearings must be received by EPA on or
before July 26, 1999.
ADDRESSES: Written objections and
hearing requests, identified by the
docket control number, [OPP–300864],
must be submitted to: Hearing Clerk
(1900), Environmental Protection
Agency, Rm. M3708, 401 M St., SW.,
Washington, DC 20460. Fees
accompanying objections and hearing
requests shall be labeled ‘‘Tolerance
Petition Fees’’ and forwarded to: EPA
Headquarters Accounting Operations
Branch, OPP (Tolerance Fees), P.O. Box
360277M, Pittsburgh, PA 15251. A copy
of any objections and hearing requests
filed with the Hearing Clerk identified
by the docket control number, [OPP–
300864], must also be submitted to:
Public Information and Records
Integrity Branch, Information Resources
and Services Division (7502C), Office of
Pesticide Programs, Environmental
SUMMARY:


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File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2007-10-17
File Created2007-10-17

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