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F ed era l Re se r v e Bank DALLAS, TEXAS of Dallas 75222 C i r c u l a r No. 75-179 December 1, 1975 American Revolution Bicentennial EMERGENCY HOUSING ACT OF 1975 TO THE CHIEF EXECUTIVE OFFICER, EACH STATE MEMBER BANK IN THE ELEVENTH FEDERAL RESERVE DISTRICT: On A u g u s t 13, 1975, we fo r w a r d e d to you C i r c u l a r No. 75-117 calling y o u r attention to Public Law 94-50 known a s the " E m ergen cy Housing Act of 1975.1 T h e letter noted the s ta tu to ry r e q u i r e m e n t for 1 notification of th e Federal s u p e r v i s o r y a g e n c i e s , the S e c r e t a r y of Housing a n d U rb a n Development, a n d the m ortgag o r of an intent to foreclose at least 30 d a y s p r i o r to the institution of fo r e c lo s u re action a nd indicated th a t additional in s tru c tio n s with r e s p e c t to such notification would be fo r th c o m in g . At that time, it was the intention of the v a r io u s a g e n c ie s to dev elop a common r e p o r ti n g format in o r d e r to av oid duplication of effort. We have since le a rn ed that th e a g e n c ie s intend to leave th e content a n d format of the r e p o r t to the di s c re tio n of th e b a n k . It wi II be sufficient, t h e r e f o r e , if you s u p p l y Thom as R. S u lliv a n , Vice P r e s id e n t in c h a r g e of Examinations at this Bank, with a co p y of a n y f o r e c lo s u re letter sent to the m o rtg a g o r and to the S e c r e t a r y of Housing a n d U rb an Development p u r s u a n t to the a b o v e - s ta te d r e q u i r e m e n t . If you have a n y q u e s ti o n s r e g a r d i n g th e Em ergency Housing Act of 1975, p le a se contact th is B a n k 's Examination D epartm ent at (214) 651-6274. S in c e r e ly y o u r s , T . W. P lant F i r s t V ic e P re s id e n t This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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