Data / Federal rules / 2024-05194
Exception to Restrictions on Private Transfer Fee Covenants for Loans Meeting Certain Duty To Serve Shared Equity Loan Program Requirements
The Federal Housing Finance Agency published this final rule in the Federal Register on March 12, 2024. It took effect on May 13, 2024.
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What the agency says
The Federal Housing Finance Agency (FHFA) is adopting as final, without substantive change, a proposed rule amending its regulation that restricts its regulated entities--the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises), and the Federal Home Loan Banks (Banks)--from purchasing, investing in, accepting as collateral, or otherwise dealing in mortgages on properties encumbered by certain types of private transfer fee covenants (PTFCs), or related securities, subject to certain exceptions (PTFC Regulation). As proposed, the final rule establishes an additional exception that authorizes the Enterprises and Banks to engage in such transactions if the loans meet the shared equity loan program requirements for Resale Restriction Programs in FHFA's Duty to Serve Underserved Markets Regulation (Duty to Serve Regulation), without regard to any household income limit.
Key facts
- Document number
- 2024-05194
- Type
- Final rule
- Action
- Final rule
- Agency
- Federal Housing Finance Agency
- Published
- March 12, 2024
- Takes effect
- May 13, 2024
- Dates
- The final rule is effective May 13, 2024.
- Regulation ID (RIN)
- 2590-AB30
- Code of Federal Regulations
- 12 CFR 1228
- Topics
- Banks, banking; Condominiums; Cooperatives; Federal home loan banks; Government-sponsored enterprises; Investments; Low and moderate income housing; Mortgages; Nonprofit organizations; Real property acquisition; Securities
- Significant
- Yes, under Executive Order 12866
- Pages
- 6
Other documents from the Federal Housing Finance Agency
| Document | Type | Published |
|---|---|---|
| Suspended Counterparty Program 2026-14036 · significant | Proposed rule | Jul 13 |
| Federal Home Loan Bank New Business Activities 2026-14035 · significant | Proposed rule | Jul 13 |
| Enterprise Duty To Serve Underserved Markets; Correction 2026-12943 | Proposed rule | Jun 26 |
| Financial Data Transparency Act Joint Data Standards 2026-12787 · significant | Final rule | Jun 25 |
| Enterprise Duty To Serve Underserved Markets 2026-12750 | Proposed rule | Jun 24 |
| Correcting Amendment Reinstating “Grandfather” Exceptions to Restrictions on Private Transfer Fee Covenants; Correction 2026-05463 | Final rule | Mar 20 |
| Amendment Reinstating “Grandfather” Exceptions to Restrictions on Private Transfer Fee Covenants 2026-05160 | Final rule | Mar 17 |
| Orders: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2025; Summary Instructions and Guidance 2026-04814 | Final rule | Mar 12 |
Everything from the Federal Housing Finance Agency · Rules on banks, banking · Rules on condominiums · Rules on cooperatives · Published in March 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.