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PA Bulletin, Doc. No. 16-821

STATEMENTS OF POLICY

Title 12—COMMERCE, TRADE AND LOCAL GOVERNMENT

HOUSING FINANCE AGENCY

[ 12 PA. CODE CH. 31 ]

Homeowner's Emergency Mortgage Assistance Program; Amendments; Correction

[46 Pa.B. 2423]
[Saturday, May 14, 2016]

 Two errors occurred in the statement of policy published at 46 Pa.B. 2171 (April 30, 2016). The Editor's Note did not reference the amendment of Appendix A. Ellipses were inadvertently omitted in § 31.204 (relating to Agency review). These errors are corrected as follows. The remainder of the statement of policy is accurate as published.

 (Editor's Note: Title 12 of the Pennsylvania Code is amended by amending statements of policy in §§ 31.201—31.207, 31.209 and 31.211 and Appendix A to read as set forth in Annex A, with ellipses referring to the existing text.)

§ 31.204. Agency review.

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 (b) Agency responsibilities include the following:

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 (3) The Agency will determine whether the homeowner has a reasonable prospect of being able to resume full mortgage payments within 24 months after the beginning of the period for which assistance payments are provided by the Agency and of being able to pay the mortgage in full by the maturity date or by a later date agreed to by the mortgagee for completing mortgage payments. If the term of the mortgage matures prior to or during the period of assistance, the mortgagor may still be eligible for assistance under this subchapter, except as provided in § 31.206(d) (relating to reasonable prospect of resuming mortgage payments and paying mortgage by maturity).

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[Pa.B. Doc. No. 16-821. Filed for public inspection May 13, 2016, 9:00 a.m.]


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