2022 Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment

04/06/2022

Number

RIN-2590-AB20

Group

Fannie Mae

Office of Finance

FHL Banks

Freddie Mac

CFR

12 CFR 1209, 12 CFR 1217, 12 CFR 1250

CFR Description

ENFORCEMENT, PROGRAM FRAUD CIVIL PENALTIES, FLOOD INSURANCE

Effective Date

Wed, 04/06/2022 - 12:00

Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment Correction

FOR FURTHER INFORMATION CONTACT: Frank R. Wright, Assistant General Counsel, at (202) 649-3087, Frank.Wright@fhfa.gov (not a toll-free number); Federal Housing Finance Agency, 400 7^th Street, SW., Washington, DC 20219. For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above.

SUMMARY: The Federal Housing Finance Agency (FHFA) is correcting a final rule that was published in the Federal Register on January 12, 2022, amending its Rules of Practice and Procedure and other agency regulations to adjust each civil money penalty within its jurisdiction to account for inflation, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In that publication, the Regulatory Identification Number (RIN) for the FHFA was incorrect. This document corrects that error.

DATES: Effective April 6, 2022, and applicable beginning January 15, 2022.