Reg2Col.DOT - Virginia



VIRGINIA HOUSING DEVELOPMENT AUTHORITY

REGISTRAR'S NOTICE: The Virginia Housing Development Authority is exempt from the Administrative Process Act (§ 2.2-4000 et seq. of the Code of Virginia) pursuant to § 2.2-4002 A 4; however, under the provisions of § 2.2-4031, it is required to publish all proposed and final regulations.

Title of Regulation: 13 VAC 10-10. Rules and Regulations -- General Provisions for Programs of the Virginia Housing Development Authority (amending 13 VAC 10-10-10 and 13 VAC 10-10-20).

Statutory Authority: § 36-55.30:3 of the Code of Virginia.

Effective Date: August 1, 2003.

Agency Contact: J. Judson McKellar, Jr., General Counsel, Virginia Housing Development Authority, 601 S. Belvidere Street, Richmond, VA 23220, telephone (804) 343-5540.

Summary:

The amendments (i) provide that one person or multiple persons are eligible to be a borrower or borrowers of a single family loan if such person or all such persons satisfy the criteria and requirements in such rules and regulations and (ii) delete the requirement that multiple borrowers be related by blood, marriage or adoption or by legal custodial relationship. The amendments to the authority's rules and regulations, which are general provisions for programs of the Virginia Housing Development Authority, will make conforming changes to reflect such proposed amendments to the authority's rules and regulations for single family mortgages to persons and families of low and moderate income.

Summary of Public Comments and Agency's Response: A summary of comments made by the public and the agency's response may be obtained from the promulgating agency or viewed at the office of the Registrar of Regulations.

REGISTRAR'S NOTICE: The proposed regulation was adopted as published in 18:7 VA.R. 977-979 November 6, 2000, without change. Therefore, pursuant to § 2.2-4031 of the Code of Virginia, the text of the final regulation is not set out.

VA.R. Doc. No. R02-90; Filed July 29, 2003, 9:04 a.m.

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