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Thursday, September 7, 1950

FEDERAL REGISTER

CO D IFICA TIO N G U ID E Con.

6013

insurance by the Commissioner; in any of which cases $20 will be retained by the Commissioner and the balance of Chapter IX:
such fee will be returned to the appli Chapter II-Federal Housing Ad Part 960 proposed 2 docu cant.
ministration, Housing and Home m ents___________
6018,6024
If the application is made on behalf Finance Agency Title 21
of a veteran of World War II, for the insurance of a mortgage to refinance an Chapter I:
Subchapter B Property Improvement Loans Part 19_____________________ 6015 P art 203T itle I M ortgage I nsurance; existing insured mortgage which is in default, by reason of his military serv Title 24
E ligibility R equirements ice, the fee herein provided may be Chapter!! :
PROPOSED CONSTRUCTION
waived by the Commissioner if he finds Part 203___
6013
Section 203.4 b is hereby amended that the collection of such fee would be 6013
Part 221-___________
inequitable under the particular circum Part 251_________________
6013 to read as follows: r-<
stances of the transaction.
Chapter VIII :
b Proposed construction. Applica Sec. 211, as added by sec. 3, 52 Stat. 23; 12
Part 825 4 documents_______ 6014 tions filed for a firm or a conditional commitment with respect to proposed U. S.. C. 1715b Title 29
construction must be accompanied by Issued at Washington, D. C., August Chapter V:
Part 536 proposed__________ 6025 the mortgagees check for the sum of 31, 1950.
$45 to cover the cost of processing by W alter L. G reene, Title 32
the Commissioner. If an application is Acting Federal Housing Chapter V :
refused as a result of preliminary exami Commissioner.
Part 505____________________ 6016 nation by the Commissioner, the entire F. R. Doc. 50-7811; Filed, Sept. 6, 1950;
Part 564____________________ 6016 fee will be returned to the applicant, but 8:46 a. m.
Chapter VII :
no portion of the fee will be returned Part 864 see Part 564.
after further work has been performed following the preliminary examination Title 33
Subchapter E Farm Mortgage Insurance unless 1 the application is rejected by Chapter I:
Part 8______________________ 6016 the Commissioner, or 2 the Commis P art 251 F arm M ortgage I nsurance;
Part 66_________
6017 sioner exercises the right of cancellation E ligibility R equirements reserved in the commitment for insur Title 36
FEE TO ACCOMPANY APPLICATION; RATE OF
ance issued pursuant to any such appli Chapter III:
INTEREST
cation, or 3 the mortgage which is the Part 311
6017 subject of the application is endorsed for 1. Section 251.13 b is hereby amend Title 44
insurance by the Commissioner; in any ed to read as follows:
Chapter I:
of which cases $20 will be retained by the b Applications filed on or after May Part 60______ - ___ __________ 6017 Commissioner and the balance of such 15,1950, for a firm or a conditional com fee will be returned to the applicant.
Title 47
mitment with respect to proposed con Chapter I;
Sec. 2, 48 Stat. 1246, as amended; 12 U. S. C.
must be accompanied by the Part 20 proposed___________ 6025 and Sup. 1730g. Interprets or applies sec. struction mortgagees check for the sum of $45 to 102, Pub. Law 475, 81st Cong.
Title 49
cover the cost of processing by the Issued at Washington, D. C., August Commissioner. If an application is re Chapter I:
Part 95 2 documents_______ 6018 31, 1950.
fused as a result of preliminary exami W alter L. G reene, nation by the Commissioner, the entire Acting Federal Housing fee will be returned to the applicant, but P art 311B asic R egulations Commissioner.
no portion of the fee will be returned S ubpart BLoan L imitations after further work has been performed IF. R. Doc. 50-7810; Filed, Sept. 6, 1950;
8:46 a. m.
following the preliminary examination AVERAGE VALUES OF FARMS AND INVESTMENT
unless 1 the application is rejected by L IM IT S ; MONTANA
the Commissioner, or 2 the Commis For the purposes of title I of the Banksioner exercises the right of cancellation head-Jones Farm Tenant Act, as Subchapter C Mutual Mortgage Insurance reserved in the commitment for insur amended, the average value of efficient ance issued pursuant to any such appli P
art 221

M
utual M
ortgage I
nsurance ;
family-type farm-management units cation, or 3 the mortgage which is "the E
ligibility R
equirements of M
ortgage and the investment limit for the county subject of the application is endorsed for C
overing O
ne to F
our -F
amily identified below are determined to be as insurance by the Commissioner; in any D wellings herein set forth. The average value and of which cases $20 will be retained by the investment limit heretofore estab FEE TO ACCOMPANY APPLICATION
the Commissioner and the balance of lished for said county, which appear in Section 221.11 b is hereby amended such fee will be returned to the appli the tabulations of average values and in cant.
vestment limits under 311.30, Chapter to read as follows :
If the application is made on behalf of III, Title 6 of the Code of Federal Regu b Applications filed on or after May a veteran of World War II, for the in lations 13 F. R. 9381, are hereby su 15,1950, for a firm or a conditional com surance of a mortgage to refinance an perseded by the average value and the mitment with respect to proposed con existing insured mortgage which is in investment limit set forth below for said struction must be accompanied by the default, by reason of his military service, county.
mortgagees check for the sum of $45 to the fee herein provided may be waived i Montana cover the cost of processing by the Com by the Commissioner if he finds that missioner. If an application is refused the collection of such fee would be in Average Investm ent County as a result of preliminary examination equitable under the particular circum value lim it by the Commissioner, the entire fee will stances of the transaction.
be returned to the applicant, but no por Garfield ____ . .
$16,000
$12,000
2. Section 251.18 is hereby amended tion of the fee will be returned after to read as follows:
further work has been performed fol Sec. 41, 60 Stat. 1066; 7 U. S. C. Interprets lowing the preliminary examination un 251.18 Rate of interest. The mort or applies secs. 3, 44, 60 Stat. 1074, 1069; 7
less 1 the application is rejected by gage may bear interest at such rate as U. S. C., 1003, 1018
Issued this 1st day of September 1950. the Commissioner, or 2 the Commis may be agreed upon by the mortgagee sioner exercises the right of cancellation and mortgagor, but in no case shall such seal C. J. M cCormick, reserved in the commitment for insur interest rate be in excess of 4 y2 percent Acting Secretary of Agriculture.
ance issued pursuant to any such appli per annum as to applications for insur F. R. Doc. 50-7851; Filed, Sept. 6, 1950;
cation, or 3 the mortgage which is the ance received by the Commissioner on or 8:52 a. m.
subject of the application is endorsed for before April 21, 1950, nor in excess of Title 7

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