24 C.F.R. § 25.4 Operation of the Mortgagee Review Board.
Title 24 - Housing and Urban Development
(a) Members. The Board consists of the following voting members: The Assistant Secretary for Housing—Federal Housing Commissioner who serves as chairperson; the General Counsel; the President of the Government National Mortgage Association (GNMA); the Assistant Secretary for Administration; the Chief Financial Officer of the Department; and, in cases involving violations of nondiscrimination requirements, the Assistant Secretary for Fair Housing and Equal Opportunity; or their designees. (b) Advisors. The Inspector General or his or her designee, and the Director of the Office of Lender Activities and Land Sales Registration (or such other position as may be assigned such duties), and such other persons as the Board may appoint, shall serve as nonvoting advisors to the Board. (c) Quorum. Four members of the Board or their designees shall constitute a quorum. (d) Determination by the Board. Any administrative action taken by the Board shall be determined by a majority vote of the quorum. [57 FR 31051, July 13, 1992; 57 FR 37085, Aug. 18, 1992]
Title 24: Housing and Urban Development
PART 25—MORTGAGEE REVIEW BOARD
§ 25.4 Operation of the Mortgagee Review Board.
