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Code · CFR · Title 24 — Housing and Urban Development · Part 81 — The Secretary of HUD's Regulation of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie MAC) · § 81.52

§ 81.52. Requirement for program requests.

131 words·~1 min read·/us/cfr/t24/s§ 81.52·

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(a)Before implementing a new program, a GSE shall submit a request for new program approval ("program request") to the Secretary for the Secretary's review. Submission of a program request is not required where the program that the GSE proposes to implement is not significantly different from:
(1)A program that has already been approved in writing by the Secretary; or
(2)A program that was engaged in by the GSE prior to October 28, 1992.
(b)If a GSE does not submit a program request for a program, the Secretary may request information about the program and require that the GSE submit a program request. The GSE shall comply with the request and may indicate in such response its views respecting whether the program is subject to the Secretary's review.
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§ 81.52
Requirement for program requests.
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