30-Day Notice of Proposed Information Collection: Multifamily Default Status Report, 36564 [2013-14510]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 78, Number 117 (Tuesday, June 18, 2013)]
[Notices]
[Page 36564]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-14510]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5683-N-48]


30-Day Notice of Proposed Information Collection: Multifamily 
Default Status Report

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: July 18, 2013.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: OIRA_Submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
Colette.Pollard@hud.gov or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on March 18, 2013.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    Type of Request: Extension of a currently approved collection.
    Form Number: HUD-92426.
    Description of the need for the information and proposed use: 
Mortgagees use this information collection to notify HUD that a project 
owner is delinquent (16 days) or more than 30 days past due on a 
mortgage payment, and to elect to assign a defaulted mortgage to the 
Department (per regulations at 24 CFR Part 207.256) by the 75th day 
from the date of default. To avoid an assignment of mortgage to HUD, 
which costs the Government millions of dollars each year, HUD and the 
mortgagor may develop a plan for reinstating the loan since HUD uses 
the information as an early warning mechanism. HUD Field Office and 
Headquarters staff use the data to (a) monitor mortgagee compliance 
with HUD's loan servicing procedures and assignments; and (b) 
potentially avoid mortgage assignments. This information is submitted 
electronically via the Internet.
    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 burden hours is 1,159. 
The number of respondents is 44, the number of responses is 6,959, the 
frequency of response is 158, and the burden hour per response is 10 
minutes

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy of the agency's estimate of the burden of the 
proposed collection of information;
    (3) Ways to enhance the quality, utility, and clarity of the 
information to be collected; and
    (4) Ways to 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.
    HUD encourages interested parties to submit comment in response to 
these questions.

    Authority:  Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: June 11, 2013.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2013-14510 Filed 6-17-13; 8:45 am]
BILLING CODE 4210-67-P