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The Center for Regulatory Effectiveness Solicits Public
Comment on Three Public Policy Issues Associated with the FHFA Proposed
Private Transfer Fee Guidance
WASHINGTON, Oct.
24 /PRNewswire/ -- The Federal Home Finance Authority has proposed
guidance which would terminate the use of Private Transfer Fees.
Private Transfer Fees are paid each time a property is sold and are
often used for community benefit programs. Private transfer fees have also
been used to provide a continual source of income for developers and
investors.
The
FHFA has received in excess of 2,500 comments. While the FHFA is reviewing
these comments, the Center for Regulatory Effectiveness is asking the public
and the regulated community to comment on the following public policy issues
which emerge from CRE's review of the public comments submitted to the FHFA:
1.
Should the FHFA issue a rule in lieu of guidance?
2. Should the FHFA prepare an environmental impact statement on
the transfer fee proposal?
3. Should there be a "carve out" for the public use of
transfer fees?
Please
post your comments at https://www.thecre.com/tForum/?p=68#respond
The
Center for Regulatory Effectiveness is a regulatory watchdog founded by
former members of the White House Office of Management and Budget https://thecre.com/ombpapers/OMB_Officials.htm
For
additional comment, contact Jim Tozzi at the
Center for Regulatory Effectiveness
202.265.2383
SOURCE
Center for Regulatory Effectiveness
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