No. 36885 (5-year Review): Rule R460-4. Additional Servicing Rules

DAR File No.: 36885
Filed: 09/28/2012 12:14:41 PM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Title 35A, Chapter 8, Part 7, as amended (the Act) is the enabling legislation of Utah Housing Corporation (UHC). Section 35A-8-711 of the Act grants UHC the power to adopt, amend, and repeal rules. Section 35A-8-712 of the Act states that UHC shall make rules governing the activities authorized by its enabling legislation.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

UHC has received no comments, either written or verbal, supporting or opposing the rule.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Although the only text in the rule will be "reserved", it is necessary to continue this rule to provide the public with the idea that UHC is, to some extent, involved in and concerned with loan servicing and may add verbiage to the rule at a future date.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Housing Corporation (Utah)
Administration
2479 LAKE PARK BLVD
WEST VALLEY CITY, UT 84120

Direct questions regarding this rule to:

• Jonathan Hanks at the above address, by phone at 801-902-8221, by FAX at 801-902-8321, or by Internet E-mail at [e-mail]

Authorized by:

Grant Whitaker, President and CEO

Effective:

09/28/2012

---