Notice of Proposed Information Collection: Comment Request; Mortgagee's Application for Partial Settlement, Multifamily Mortgage, 44003-44004 [2010-18402]

Download as PDF Federal Register / Vol. 75, No. 143 / Tuesday, July 27, 2010 / Notices DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5383–N–15] Financial Standards for Housing Agency-Owned Insurance Entities Office of the Assistant Secretary for Public and Indian Housing, HUD. ACTION: Notice. AGENCY: The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. DATES: Comments Due Date: September 27, 2010. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name/or OMB Control number and should be sent to: Leroy McKinney, Jr., Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Room 4178, Washington, DC 20410– 5000; telephone 202.402.5564, (this is not a toll-free number) or email Mr. McKinney at Leroy.McKinneyJr@hud.gov. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877–8339. (Other than the HUD USER information line and TTY numbers, telephone numbers are not toll-free.) FOR FURTHER INFORMATION CONTACT: Dacia Rogers, Office of Policy, Programs and Legislative Initiatives, PIH, Department of Housing and Urban Development, 451 7th Street, SW., Room 4116, Washington, DC 20410; telephone 202–402–3374, (this is not a toll-free number). SUPPLEMENTARY INFORMATION: The Department will submit the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). This notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of sroberts on DSKD5P82C1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:30 Jul 26, 2010 Jkt 220001 information; (3) enhance the quality, utility, and clarity of the information to be collected; and (4) minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated collection techniques or other forms of information technology; e.g., permitting electronic submission of responses. This Notice also lists the following information: Title of Proposal: Financial Standards for Housing Agency-Owned Insurance Entities. OMB Control Number: 2577–0186. Description of the need for the information and proposed use: Collection of this information is required by the HUD Appropriations Act for FY 1992, Public Law 102.139, 105 Stat. 736 (approved October 28, 1991). The Act provided that public housing agencies (PHAs) could purchase insurance coverage without regard to competitive selection procedures, if the insurance was purchased from a nonprofit insurance entity owned and controlled by PHAs approved by HUD, in accordance with standards established by regulation. A PHA-owned insurance entity selected by a PHA to provide coverage must submit a certification to HUD, stating that the entity management and underwriting staff have certain levels of experience. For initial approvals, the entity must also submit proper organizational documentation. The nonprofit entity must submit copies of audits every year, actuarial reviews every year, and management reviews every three years. Agency form number: N/A. Members of affected public: Public Housing Agencies. Estimation of the total number of hours needed to prepare the information collection including number of respondents: The estimated number of respondents is 29 annually with one response per respondent. The average number for each response is 6.55 hours, for a total reporting burden of 190 hours. Status of the proposed information collection: Extension of currently approved collection. Authority: Section 3506 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended. Dated: July 20, 2010. Merrie Nichols-Dixon, Acting Deputy Assistant Secretary for Policy, Programs, and Legislative Initiatives. [FR Doc. 2010–18400 Filed 7–26–10; 8:45 am] BILLING CODE 4210–67–P PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 44003 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5380–N–28] Notice of Proposed Information Collection: Comment Request; Mortgagee’s Application for Partial Settlement, Multifamily Mortgage Office of the Assistant Secretary for Housing, HUD. ACTION: Notice. AGENCY: The proposed information collection requirement described below will be submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. DATES: Comments Due Date: September 27, 2010. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments should refer to the proposal by name and/or OMB Control Number and should be sent to: Leroy McKinney, Jr., Departmental Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410; e-mail leroy.mckinneyjr@hud.gov or telephone (202) 402–5564 or the number for the Federal Information Relay Service (1– 800–877–8339). FOR FURTHER INFORMATION CONTACT: Rebecca Lovelace, Accountant, Multifamily Claims Branch, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410, e-mail telephone (202) 402–3987 (this is not a toll free number) for copies of the proposed forms and other available information. SUPPLEMENTARY INFORMATION: The Department is submitting the proposed information collection to OMB for review, as required by the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). This Notice is soliciting comments from members of the public and affected agencies concerning the proposed collection of information to: (1) Evaluate whether the proposed collection is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) Enhance the quality, utility, and clarity of the information to be collected; and (4) Minimize the burden of the collection of information on those who are to respond; including SUMMARY: E:\FR\FM\27JYN1.SGM 27JYN1 44004 Federal Register / Vol. 75, No. 143 / Tuesday, July 27, 2010 / Notices the use of appropriate automated collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. This Notice also lists the following information: Title of Proposal: Multifamily Mortgagee’s Application for Partial Settlement. OMB Control Number, if applicable: 2502–0427. Description of the need for the information and proposed use: sroberts on DSKD5P82C1PROD with NOTICES 1. When a FHA-insured Multifamily mortgage goes into default, the Mortgagee may file a claim with the Secretary to receive the insurance benefits. Statute 12 USC 1713(g)–(r) provides that, * * * ‘‘the Mortgagee shall be entitled to receive the benefits of the insurance as hereinafter provided, upon assignment, transfer, and delivery to the Secretary, within a period and in accordance with rules and regulations to be prescribed by the Secretary of all rights and interest arising under the mortgage so in default * * * at its option and in accordance with regulation, and in a period to be determined by the Secretary, proceed to foreclosure on and obtain possession of or otherwise acquired such property after default and receive the benefits of the insurance as herein provided upon prompt conveyance to the Secretary the title of the property * * * ’’ The Mortgagee may receive a portion of the benefits immediately after the assignment or conveyance. 2. The respondents are only those mortgagees that elect to assign property to HUD. There are approximately 115 such mortgagees annually. When the mortgagee notifies HUD of an election to assign a property to HUD, HUD sends the mortgagee an e-mail with instructions for submitting its claim (see Attachment 1). This request addresses only the Application for Partial Settlement. Within 24 to 48 hours after an assignment or conveyance, the Secretary may pay the Mortgagee a partial amount of insurance benefits. This payment is made prior to the examination of the Mortgagee’s claim. The information collected on the subject form, HUD–2537 (Mortgagee’s Application for Partial SettlementMultifamily Mortgage), provides the required information to determine the partial amount. This amount is computed in accordance with the foregoing statutory provisions and regulations promulgated there under in 24 CFR 207(B), Contract Rights and Obligations. Agency form numbers, if applicable: HUD–2537. Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The number of annual burden hours is 29. The number of respondents is 115 per year, the number of responses is 115, the frequency of response is on occasion, and the burden hour per response is .25. VerDate Mar<15>2010 16:30 Jul 26, 2010 Jkt 220001 Status of the proposed information collection: This is a request for renewal of a currently approved collection. Authority: The Paperwork Reduction Act of 1995, 44 U.S.C., Chapter 35, as amended. Dated: July 22, 2010. Ronald Y. Spraker, Associate General Deputy Assistant Secretary for Housing. [FR Doc. 2010–18402 Filed 7–26–10; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5376–N–71] Notice of Submission of Proposed Information Collection to OMB Emergency Comment Request; Notice of Proposed Information Collection for Public Comment on Assessment of Consumer Protection Gaps for Home Equity Conversion Mortgage Borrowers Office of the Chief Information Officer, HUD. ACTION: Notice of proposed information collection. AGENCY: The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for emergency review and approval, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. DATES: Comments Due Date: August 3, 2010. ADDRESSES: Interested persons are invited to submit comments regarding this proposal. Comments must be received within seven (7) days from the date of this Notice. Comments should refer to the proposal by name/or OMB approval number and should be sent to: HUD Desk Officer, Office of Management and Budget, New Executive Office Building, Washington, DC 20503; e-mail: OIRA_Submission @omb.eop.gov; fax: (202) 395–5806. FOR FURTHER INFORMATION CONTACT: Leroy McKinney, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 20410; email: Leroy.MkinneyJR@hud.gov; telephone (202) 402–5564. This is not a toll-free number. Copies of available documents submitted to OMB may be obtained from Mr. McKinney. SUPPLEMENTARY INFORMATION: This Notice is soliciting comments from members of the public and affected agencies concerning the proposed SUMMARY: PO 00000 Frm 00090 Fmt 4703 Sfmt 9990 collection of information to: (1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (2) evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information; (3) enhance the quality, utility, and clarity of the information to be collected; and (4) minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated collection techniques or other forms of information technology; e.g., permitting electronic submission of responses. This Notice also lists the following information: Title of Proposal: Notice of Proposed Information Collection for Public Comment On Assessment of Consumer Protection Gaps for Home Equity Conversion Mortgage Borrowers. OMB Control Number: 2502–New. Agency Form Numbers: None. Description of Information Collection: This is a new information collection. A twenty-minute phone survey will be conduced among 600 Home Equity Conversion Mortgage (HECM) borrowers. It will help FHA Assess Consumer Protection Gaps for HECM borrowers. Members of Affected Public: Lenders, Borrowers, Counselors and Not-forprofit consumer advocacy organizations. Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of responses, and hours of responses: An estimation of the total number of hours needed to conduct this one-time, 20 minute survey among 600 HECM borrowers is 200 hours. Total Estimated Burden Hours: 200. Status of the proposed information collection: New collection Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended. Dated: July 22, 2010. Leroy McKinney Jr., Departmental Reports Management Officer, Office of the Chief Information Officer. [FR Doc. 2010–18414 Filed 7–26–10; 8:45 am] BILLING CODE 4210–67–P E:\FR\FM\27JYN1.SGM 27JYN1

Agencies

[Federal Register Volume 75, Number 143 (Tuesday, July 27, 2010)]
[Notices]
[Pages 44003-44004]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-18402]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5380-N-28]


Notice of Proposed Information Collection: Comment Request; 
Mortgagee's Application for Partial Settlement, Multifamily Mortgage

AGENCY: Office of the Assistant Secretary for Housing, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments Due Date: September 27, 2010.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Leroy McKinney, Jr., Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
leroy.mckinneyjr@hud.gov or telephone (202) 402-5564 or the number for 
the Federal Information Relay Service (1-800-877-8339).

FOR FURTHER INFORMATION CONTACT: Rebecca Lovelace, Accountant, 
Multifamily Claims Branch, Department of Housing and Urban Development, 
451 7th Street, SW., Washington, DC 20410, e-mail telephone (202) 402-
3987 (this is not a toll free number) for copies of the proposed forms 
and other available information.

SUPPLEMENTARY INFORMATION: The Department is submitting the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection is necessary for the 
proper performance of the functions of the agency, including whether 
the information will have practical utility; (2) Evaluate the accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Enhance the quality, utility, and clarity of the 
information to be collected; and (4) Minimize the burden of the 
collection of information on those who are to respond; including

[[Page 44004]]

the use of appropriate automated collection techniques or other forms 
of information technology, e.g., permitting electronic submission of 
responses.
    This Notice also lists the following information:
    Title of Proposal: Multifamily Mortgagee's Application for Partial 
Settlement.
    OMB Control Number, if applicable: 2502-0427.
    Description of the need for the information and proposed use:

    1. When a FHA-insured Multifamily mortgage goes into default, 
the Mortgagee may file a claim with the Secretary to receive the 
insurance benefits. Statute 12 USC 1713(g)-(r) provides that, * * * 
``the Mortgagee shall be entitled to receive the benefits of the 
insurance as hereinafter provided, upon assignment, transfer, and 
delivery to the Secretary, within a period and in accordance with 
rules and regulations to be prescribed by the Secretary of all 
rights and interest arising under the mortgage so in default * * * 
at its option and in accordance with regulation, and in a period to 
be determined by the Secretary, proceed to foreclosure on and obtain 
possession of or otherwise acquired such property after default and 
receive the benefits of the insurance as herein provided upon prompt 
conveyance to the Secretary the title of the property * * * '' The 
Mortgagee may receive a portion of the benefits immediately after 
the assignment or conveyance.
    2. The respondents are only those mortgagees that elect to 
assign property to HUD. There are approximately 115 such mortgagees 
annually. When the mortgagee notifies HUD of an election to assign a 
property to HUD, HUD sends the mortgagee an e-mail with instructions 
for submitting its claim (see Attachment 1). This request addresses 
only the Application for Partial Settlement. Within 24 to 48 hours 
after an assignment or conveyance, the Secretary may pay the 
Mortgagee a partial amount of insurance benefits. This payment is 
made prior to the examination of the Mortgagee's claim. The 
information collected on the subject form, HUD-2537 (Mortgagee's 
Application for Partial Settlement-Multifamily Mortgage), provides 
the required information to determine the partial amount. This 
amount is computed in accordance with the foregoing statutory 
provisions and regulations promulgated there under in 24 CFR 207(B), 
Contract Rights and Obligations.

    Agency form numbers, if applicable: HUD-2537.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The number of annual burden hours is 
29. The number of respondents is 115 per year, the number of responses 
is 115, the frequency of response is on occasion, and the burden hour 
per response is .25.
    Status of the proposed information collection: This is a request 
for renewal of a currently approved collection.

    Authority:  The Paperwork Reduction Act of 1995, 44 U.S.C., 
Chapter 35, as amended.

    Dated: July 22, 2010.
Ronald Y. Spraker,
Associate General Deputy Assistant Secretary for Housing.
[FR Doc. 2010-18402 Filed 7-26-10; 8:45 am]
BILLING CODE 4210-67-P