Investor Update
December 28, 2015
SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing this final rule as a technical change to correct regulatory references to FHFA’s address and postal zip code.
DATES: Effective December 24, 2015. For additional information, see SUPPLEMENTARY INFORMATION.
FOR FURTHER INFORMATION CONTACT:
Crystal Miller, Crystal.Miller@fhfa.gov, (202) 649–3079, Paralegal Specialist (not a toll-free number), Office of General Counsel, Federal Housing Finance Agency, Constitution Center, Eighth Floor (OGC), 400 7th Street SW., Washington, DC 20219. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877–8339.
SUPPLEMENTARY INFORMATION:
I. Background
FHFA Headquarters Address Change
In January 2012, FHFA moved to a new headquarters building in Southwest Washington, DC. As a result, the addresses for FHFA’s former locations in Northwest Washington, DC, included in 12 CFR 1203.29, 1209.15(a), 1263.5(a)(2), and 1264.6(a) are now out-of-date. This final rule amends those regulations to replace the FHFA’s former addresses with its current address, 400 7th Street SW., Washington, DC 20219.
FHFA Zip Code Change
Effective November 1, 2015, all mail addressed to FHFA is being processed through a different mail processing facility. This facility change required that FHFA use a new zip code. As a result, the zip code in the addresses for the FHFA included in 12 CFR 1200.1(b), 1200.2(g), 1202.3(c), 1202.5(a), 1202.9(a), 1204.3(b), 1204.5(b)(2), 1209.102(a)(1), and 1215.7(b) are now out-of-date. This final rule amends those regulations to replace the FHFA’s zip code, which changed from 20024 to 20219. The street address of 400 7th Street SW., Washington, DC remains the same.
FHFA submitted a change-of-address request to the local United States Post Office to forward mail containing the old zip code; however, mail addressed with the zip code 20024 after November 1, 2015, may result in delayed delivery to all FHFA offices.
II. Notice and Comment
Pursuant to the Administrative Procedure Act (APA), notice and comment are not required prior to the issuance of a final rule if an aagency, for good cause, finds that ‘‘notice and public procedure thereon are impracticable, unnecessary, or contrary to the public interest.’’ 1 FHFA finds that public notice and comment on this final rule are unnecessary. The final rule’s update of FHFA’s address and postal zip code is purely a technical change to the Agency’s regulations and provides FHFA’s regulated entities, interested parties, and other members of the public with FHFA’s current and accurate location and mailing address information. For these reasons, FHFA has good cause to conclude that advance notice and comment under the APA for this rulemaking are unnecessary.
III. Effective Date
This final rule is effective on December 24, 2015. Pursuant to the APA, a final rule may be effective without 30 days advance publication in the Federal Register if an agency finds good cause and publishes its finding with the final rule.2 As described above, the updates made by this final rule to FHFA’s physical addresses and zip code are technical changes and will have no substantive effect on FHFA’s regulated entities, interested parties, or other members of the public. Therefore, the FHFA finds good cause to dispense with a delayed effective date.
1 5 U.S.C. 553(b).
2 5 U.S.C. 553(d)(3).
Source: FHFA
Additional Resource:
Federal Register Citation [pdf]
