Skip to main content

Privacy Act of 1974; System of Records: Fraud Reporting System

Notice Details
Type
Privacy Act System of Records Notice
Number
2010-N-13
Group
Fannie Mae
FHL Banks
Freddie Mac
Document Number
2010-21520
Federal Register Publish Date
08/30/2010
Federal Register Citation
75 FR 52944
PDF Format
Comment Status
Closed
Comment Open Date
08/30/2010
Comment End Date
09/29/2010
Effective Date
10/12/2010

Privacy Act of 1974; System of Records: Fraud Reporting System

Contact Information

FOR FURTHER INFORMATION CONTACT: ​John Major, Privacy Act Officer, john.major@fhfa.gov, (202) 408–2849, or David A. Lee, Senior Agency Official for Privacy, david.lee@fhfa.gov, (202) 408–2514 (not toll-free numbers), Federal Housing Finance Agency, 1700 G Street, NW., Fourth Floor, Washington, DC 20552. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

SUMMARY: In accordance with the requirements of the Privacy Act of 1974, as amended (Privacy Act), the Federal Housing Finance Agency (FHFA) gives notice of a proposed Privacy Act system of records to replace a system of records issued by FHFA’s predecessor agency, the Office of Federal Housing Enterprise Oversight (OFHEO) which was abolished July 30, 2009, and to fulfill FHFA’s statutory requirement to collect the records. Upon the effective date of this notice, system OFHEO–07, "Mortgage Fraud System" published at 71 FR 6085 on February 6, 2006 will be deleted.

The proposed system named "Fraud Reporting System" (FHFA–6) will maintain information of fraud or possible fraud involving the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks (collectively, "regulated entities"). This system is being established so that FHFA may carry out its statutory authority to require the regulated entities to report fraud or possible fraud upon discovery and in furtherance of its authority for oversight of the safe and sound operations of the regulated entities. The deleted system of records is being replaced as a result of FHFA’s statutory authority. The proposed system will include information formerly maintained in the system, OFHEO–07, "Mortgage Fraud System" published at 71 FR 6085 on February 6, 2006.

DATES: The new system of records will become effective on October 12, 2010 without further notice unless comments necessitate otherwise. FHFA will publish a new notice if the effective date is delayed to review comments or if changes are made based on comments received. To be assured of consideration, comments should be received on or before September 29, 2010.​