60-Day Notice of Proposed Information Collection: FHA Single Family Model Mortgage Documents, 84608-84610 [2016-28245]

Download as PDF 84608 Federal Register / Vol. 81, No. 226 / Wednesday, November 23, 2016 / Notices DEPARTMENT OF HOMELAND SECURITY Federal Emergency Management Agency [Docket ID FEMA–2014–0022] Technical Mapping Advisory Council Federal Emergency Management Agency, DHS. ACTION: Committee management; Notice of Federal Advisory Committee meeting. AGENCY: The Federal Emergency Management Agency (FEMA) Technical Mapping Advisory Council (TMAC) will meet in person on December 13–14, 2016 in Arlington, Virginia. The meeting will be open to the public. DATES: The TMAC will meet on Tuesday, December 13, 2016 from 8:00 a.m.–5:30 p.m. Eastern Standard Time (EST), and Wednesday, December 14, 2016 from 8:00 a.m.–5:00 p.m. EST. Please note that the meeting will close early if the TMAC has completed its business. SUMMARY: The meeting will be held at 3101 Wilson Boulevard, Arlington, Virginia, 22201. Members of the public who wish to attend the meeting must register in advance by sending an email to FEMA-TMAC@fema.dhs.gov (Attention: Mark Crowell) by 11:00 p.m. EST on Tuesday, December 6, 2016. Members of the public must check in at the front desk on the ground floor of 3101 Wilson Boulevard, Arlington, Virginia, 22201 and photo identification is required. For information on facilities or services for individuals with disabilities or to request special assistance at the meeting, contact the person listed in FOR FURTHER INFORMATION CONTACT below as soon as possible. To facilitate public participation, members of the public are invited to provide written comments on the issues to be considered by the TMAC, as listed in the SUPPLEMENTARY INFORMATION section below. Associated meeting materials will be available at www.fema.gov/TMAC for review by Tuesday, December 6, 2016. Written comments to be considered by the committee at the time of the meeting must be submitted and received by Wednesday, December 7, 2016, identified by Docket ID FEMA–2014– 0022, and submitted by one of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: Address the email TO: FEMA-RULES@fema.dhs.gov and CC: mstockstill on DSK3G9T082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 19:35 Nov 22, 2016 Jkt 241001 FEMA-TMAC@fema.dhs.gov. Include the docket number in the subject line of the message. Include name and contact detail in the body of the email. • Mail: Regulatory Affairs Division, Office of Chief Counsel, FEMA, 500 C Street SW., Room 8NE, Washington, DC 20472–3100. Instructions: All submissions received must include the words ‘‘Federal Emergency Management Agency’’ and the docket number for this action. Comments received will be posted without alteration at http:// www.regulations.gov, including any personal information provided. Docket: For docket access to read background documents or comments received by the TMAC, go to http://www.regulations.gov and search for the Docket ID FEMA– 2014–0022. A public comment period will be held on Tuesday, December 13, 2016, from 4:00 p.m. to 4:30 p.m. EST and again on Wednesday, December 14, 2016, from 3:00 to 3:30 p.m. EST. Speakers are requested to limit their comments to no more than three minutes. The public comment period will not exceed 30 minutes. Please note that the public comment period may end before the time indicated, following the last call for comments. Contact the individual listed below to register as a speaker by close of business on Thursday, December 8, 2016. FOR FURTHER INFORMATION CONTACT: Mark Crowell, Designated Federal Officer for the TMAC, FEMA, 400 C Street SW., Washington, DC 20024, telephone (202) 646–3432, and email mark.crowell@fema.dhs.gov. The TMAC Web site is: http://www.fema.gov/ TMAC. SUPPLEMENTARY INFORMATION: Notice of this meeting is given under the Federal Advisory Committee Act, 5 U.S.C. Appendix. As required by the Biggert-Waters Flood Insurance Reform Act of 2012, the TMAC makes recommendations to the FEMA Administrator on: (1) How to improve, in a cost-effective manner, the (a) accuracy, general quality, ease of use, and distribution and dissemination of flood insurance rate maps and risk data; and (b) performance metrics and milestones required to effectively and efficiently map flood risk areas in the United States; (2) mapping standards and guidelines for (a) flood insurance rate maps, and (b) data accuracy, data quality, data currency, and data eligibility; (3) how to maintain, on an ongoing basis, flood insurance rate maps and flood risk identification; (4) procedures for delegating mapping activities to State and local mapping PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 partners; and (5)(a) methods for improving interagency and intergovernmental coordination on flood mapping and flood risk determination, and (b) a funding strategy to leverage and coordinate budgets and expenditures across Federal agencies. Furthermore, the TMAC is required to submit an annual report to the FEMA Administrator that contains: (1) A description of the activities of the Council; (2) an evaluation of the status and performance of flood insurance rate maps and mapping activities to revise and update Flood Insurance Rate Maps; and (3) a summary of recommendations made by the Council to the FEMA Administrator. Agenda: During the two-day meeting, TMAC members will receive briefings from subject matter experts, and will present and deliberate on the draft content and potential recommendations to be incorporated in the TMAC 2016 Annual Report. In addition, the TMAC members will identify and coordinate on the TMAC’s next steps for Annual Report production. A brief public comment period will take place each day during the meeting and will occur prior to any vote. The full agenda and related briefing materials will be posted for review by December 7, 2016 at http://www.fema.gov/TMAC. Dated: November 9, 2016. Roy E. Wright, Deputy Associate Administrator for Insurance and Mitigation, Federal Emergency Management Agency. [FR Doc. 2016–28139 Filed 11–22–16; 8:45 am] BILLING CODE 9110–12–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5913–N–34] 60-Day Notice of Proposed Information Collection: FHA Single Family Model Mortgage Documents Office of the Assistant Secretary for Housing- Federal Housing Commissioner, HUD. ACTION: Notice. AGENCY: HUD is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act, HUD is requesting comment from all interested parties on the proposed collection of information. The purpose of this notice is to allow for 60 days of public comment. DATES: Comments Due Date: January 23, 2017. SUMMARY: E:\FR\FM\23NON1.SGM 23NON1 Federal Register / Vol. 81, No. 226 / Wednesday, November 23, 2016 / Notices 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: Colette Pollard, Reports Management Officer, QDAM, Department of Housing and Urban Development, 451 7th Street SW., Room 4176, Washington, DC 20410–5000; telephone 202–402–3400 (this is not a toll-free number) or email at Colette.Pollard@hud.gov for a copy of the proposed forms or other available information. Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Relay Service at (800) 877– 8339. FOR FURTHER INFORMATION CONTACT: Kevin Stevens, 451 7th Street SW., Washington, DC 20410; email Kevin L. Stevens@hud.gov; or telephone 202– 402–2673. This is not a toll-free number. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at (800) 877–8339. SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is seeking approval from OMB for the information collection described in Section A. ADDRESSES: mstockstill on DSK3G9T082PROD with NOTICES A. Overview of Information Collection Title of Information Collection: FHA Single Family Model Mortgage Documents. OMB Approval Number: 2502–New. Type of Request: Approval of a new collection of information. Form Number: N/A. Description of the need for the information and proposed use: This notice advises of FHA’s review and proposed revisions to the Single Family Model Forward Mortgage document. The majority of the proposed changes are conforming or technical in nature (e.g., correction of internal references and typographical errors). Included in this category is the proposed change to Section 19. As provided in FHA’s Instructions for Model Mortgages (located at http:// portal.hud.gov/hudportal/HUD?src=/ program_offices/housing/sfh/model_ documents) the FHA Model Forward Mortgage document is based largely on the Federal Home Loan Mortgage Corporation and Federal National Mortgage Association (the ‘‘Government Sponsored Enterprises’’ or ‘‘GSEs’’) security instrument covenants, with certain FHA-specific revisions. When incorporating the GSE covenants into the Model Forward Mortgage document, the second paragraph of Section 19 was unintentionally omitted, but reference VerDate Sep<11>2014 18:04 Nov 22, 2016 Jkt 241001 to that paragraph was retained in the section heading, resulting in an apparent internal discrepancy in the Model Forward Mortgage. Because the omission of this paragraph was not identified as an FHA-Specific Modification (as that term is used in the Instructions for Model Mortgages), mortgagees have been free to adopt the analogous GSE covenant provision to resolve this discrepancy. Therefore, although the proposed change to Section 19 appear substantive, it should bring the Model Forward Mortgage into closer conformity with current FHAinsured mortgages and industry standard. In addition to these technical changes, FHA is proposing one set of substantive changes to the Model Forward Mortgage, reflected in the judicial and non-judicial versions of Section 22 (hereinafter ‘‘Sections 22’’) and Section 20. Prior to the September, 2014 publication of the current Model Forward Mortgage, the former Model Forward Mortgage contained the following provision: ‘‘[i]n many circumstances regulations issued by the Secretary will limit Lender rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary.’’ (hereinafter ‘‘Paragraph 9(d)’’). Because Paragraph 9(d) is not serve to again further this goal. The Department is also proposing a revision to Section 20, which generally provides that the borrower is not a third-party beneficiary to the contract of mortgage insurance between the lender and FHA. Legally, FHA borrowers have never been deemed third-party beneficiaries of the mortgage insurance contract between FHA and the mortgagee, and therefore, have had no authority to enforce any provisions thereof. However, as reflected in the proposed changes to Sections 22, the borrower and lender will enjoy contractual rights and obligations under the private mortgage contract that happen to mirror elements of the mortgage insurance contract because they both separately rely on HUD’s regulations. By asserting rights under the private mortgage contract, even those that incorporate elements of the regulations forming the mortgage insurance contract, borrowers would not be enforcing the contract of mortgage insurance and FHA regulations as such, but rather enforcing the private contractual terms incorporated into the mortgage contract that mirror those regulations. PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 84609 While aiming to clearly delineate the lines between the private mortgage contract and the contract of mortgage insurance through the language contained in Section 20, the Department does not wish to cause any confusion concerning the borrower’s ability to enforce his or her rights that have been granted through the incorporation of certain regulatory provisions. Therefore, for clarity, the Department is proposing a revision to Section 20 that eliminates any confusion regarding the borrower’s ability to assert rights under the private mortgage contract with the mortgagee as provided in the proposed changes to Section 22. The proposed revision to Section 20 does not jeopardize the settled fact that borrowers are not thirdparty beneficiaries of the mortgage insurance contract and do not have the authority to enforce any provisions thereof. This is a consequence of wellestablished legal principals governing contractual relationships and private, which will remain unchanged not with standing the proposed revision. HUD expects, therefore, that the proposed change renders Section 20 more apparently consistent with the proposed changes to Sections 22, but does not intend to create third-party rights under the mortgage insurance contract. The following information regarding respondents and number of responses is based on information related to the actual legal mortgage document, not the model mortgage document. Affected Respondents: Businesses or other for-profit. Estimated Number of Respondents: 2,535. Estimated Number of Responses: 164,447. Frequency of Response: On Occasion. Average Hours per Response: .05. Total Estimated Burdens: 822 hours. 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 E:\FR\FM\23NON1.SGM 23NON1 84610 Federal Register / Vol. 81, No. 226 / Wednesday, November 23, 2016 / Notices 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: November 17, 2016. Janet M. Golrick, Associate General Deputy Assistant Secretary for Housing Associate Deputy Federal Housing Commissioner. [FR Doc. 2016–28245 Filed 11–22–16; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5993–N–01] Notice of HUD Vacant Loan Sales (HVLS 2017–1) Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD. ACTION: Notice of sales of reverse mortgage loans. AGENCY: This notice announces HUD’s intention to competitively offer multiple residential reverse mortgage pools consisting of approximately 1,700 reverse mortgage notes secured by properties with an aggregate broker price opinion of approximately $220 million. The sale will consist of due and payable Secretary-held reverse mortgage loans. The mortgage loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased and no borrower is survived by a non-borrowing spouse. This notice also generally describes the bidding process for the sale and certain persons who are ineligible to bid. This is the first sale offering of its type and the sale will be held on November 30, 2016. DATES: For this sale action, the Bidder’s Information Package (BIP) is expected to be made available to qualified bidders on or about October 28, 2016. Bids for the HVLS 2017–1 sale will be accepted on the Bid Date of November 30, 2016 (Bid Date). HUD anticipates that award(s) will be made on or about December 1, 2016 (the Award Date). ADDRESSES: To become a qualified bidder and receive the BIP, prospective bidders must complete, execute, and submit a Confidentiality Agreement and a Qualification Statement acceptable to HUD. Both documents are available via the HUD Web site at: http:// www.hud.gov/sfloansales or via: http:// www.verdiassetsales.com. Please mail and fax executed documents to Verdi mstockstill on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:04 Nov 22, 2016 Jkt 241001 Consulting, Inc.: Verdi Consulting, Inc., 8400 Westpark Drive, 4th Floor, McLean, VA 22102, Attention: HUD SFLS Loan Sale Coordinator, Fax: 1– 703–584–7790. FOR FURTHER INFORMATION CONTACT: John Lucey, Director, Asset Sales Office, Room 3136, Department of Housing and Urban Development, 451 Seventh Street SW., Washington, DC 20410–8000; telephone 202–708–2625, extension 3927. Hearing- or speech-impaired individuals may call 202–708–4594 (TTY). These are not toll-free numbers. SUPPLEMENTARY INFORMATION: HUD announces its intention to sell in HVLS 2017–1 due and payable Secretary-held reverse mortgage loans. The loans consist of first liens secured by single family, vacant residential properties, where all borrowers are deceased and no borrower is survived by a non-borrowing spouse. A listing of the mortgage loans is included in the due diligence materials made available to qualified bidders. The mortgage loans will be sold without FHA insurance and with servicing released. HUD will offer qualified bidders an opportunity to bid competitively on the mortgage loans. The loans are expected to be offered in five regional pools. Mortgage Loan Sale Policy The Bidding Process In order to bid in HVLS 2017–1 as a qualified bidder, a prospective bidder must complete, execute and submit both a Confidentiality Agreement and a Qualification Statement acceptable to HUD. In the Qualification Statement, the prospective bidder must provide certain representations and warranties regarding the prospective bidder, including but not limited to (i) the prospective bidder’s board of directors, (ii) the prospective bidder’s direct parent, (iii) the prospective bidder’s subsidiaries, (iv) any related entity with which the prospective bidder shares a common officer, director, subcontractor or sub-contractor who has access to Confidential Information as defined in the Confidentiality Agreement or is involved in the formation of a bid transaction (collectively the ‘‘Related Entities’’), and (v) the prospective bidder’s repurchase lenders. The prospective bidder is ineligible to bid on any of the reverse mortgage loans included in HVLS 2017–1 if the prospective bidder, its Related Entities or its repurchase lenders, is any of the following, unless other exceptions apply as provided for the in Qualification Statement. 1. An individual or entity that is currently debarred, suspended, or excluded from doing business with The BIP describes in detail the procedure for bidding in HVLS 2017–1. The BIP also includes a standardized non-negotiable Conveyance, Assignment and Assumption Agreement for HVLS 2017–1 (CAA). Qualified bidders will be required to submit a deposit with their bid. Deposits are calculated based upon each qualified bidder’s aggregate bid price. HUD will evaluate the bids submitted and determine the successful bid, in terms of the best value to HUD, in its sole and absolute discretion. If a qualified bidder is successful, the qualified bidder’s deposit will be nonrefundable and will be applied toward the purchase price. Deposits will be returned to unsuccessful bidders. This notice provides some of the basic terms of sale. The CAA, which is included in the BIP, provides comprehensive contractual terms and conditions. To ensure a competitive bidding process, the terms of the bidding process and the CAA are not subject to negotiation. Due Diligence Review The BIP describes how qualified bidders may access the due diligence materials remotely via a high-speed Internet connection. PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 HUD reserves the right to remove mortgage loans from HVLS 2017–1 at any time prior to the Award Date. HUD also reserves the right to reject any and all bids, in whole or in part, and include any reverse mortgage loans in a later sale. Deliveries of mortgage loans will occur in conjunction with settlement and servicing transfer, approximately 30 to 45 days after the Award Date. The HVLS 2017–1 reverse mortgage loans were insured by and were assigned to HUD pursuant to section 255 of the National Housing Act, as amended. The sale of the reverse mortgage loans is pursuant to section 204(g) of the National Housing Act. Mortgage Loan Sale Procedure HUD selected an open competitive whole-loan sale as the method to sell the mortgage loans for this specific sale transaction. For HVLS 2017–1, HUD has determined that this method of sale optimizes HUD’s return on the sale of these loans, affords the greatest opportunity for all qualified bidders to bid on the mortgage loans, and provides the quickest and most efficient vehicle for HUD to dispose of the mortgage loans. Bidder Ineligibility E:\FR\FM\23NON1.SGM 23NON1

Agencies

[Federal Register Volume 81, Number 226 (Wednesday, November 23, 2016)]
[Notices]
[Pages 84608-84610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28245]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5913-N-34]


60-Day Notice of Proposed Information Collection: FHA Single 
Family Model Mortgage Documents

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

ACTION: Notice.

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

SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for 60 days of public comment.

DATES: Comments Due Date: January 23, 2017.

[[Page 84609]]


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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
Colette.Pollard@hud.gov for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Kevin Stevens, 451 7th Street SW., 
Washington, DC 20410; email Kevin L. Stevens@hud.gov; or telephone 202-
402-2673. This is not a toll-free number. Persons with hearing or 
speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: FHA Single Family Model Mortgage 
Documents.
    OMB Approval Number: 2502-New.
    Type of Request: Approval of a new collection of information.
    Form Number: N/A.
    Description of the need for the information and proposed use:
    This notice advises of FHA's review and proposed revisions to the 
Single Family Model Forward Mortgage document. The majority of the 
proposed changes are conforming or technical in nature (e.g., 
correction of internal references and typographical errors). Included 
in this category is the proposed change to Section 19. As provided in 
FHA's Instructions for Model Mortgages (located at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/model_documents) the FHA Model Forward Mortgage document is based 
largely on the Federal Home Loan Mortgage Corporation and Federal 
National Mortgage Association (the ``Government Sponsored Enterprises'' 
or ``GSEs'') security instrument covenants, with certain FHA-specific 
revisions. When incorporating the GSE covenants into the Model Forward 
Mortgage document, the second paragraph of Section 19 was 
unintentionally omitted, but reference to that paragraph was retained 
in the section heading, resulting in an apparent internal discrepancy 
in the Model Forward Mortgage. Because the omission of this paragraph 
was not identified as an FHA-Specific Modification (as that term is 
used in the Instructions for Model Mortgages), mortgagees have been 
free to adopt the analogous GSE covenant provision to resolve this 
discrepancy. Therefore, although the proposed change to Section 19 
appear substantive, it should bring the Model Forward Mortgage into 
closer conformity with current FHA-insured mortgages and industry 
standard.
    In addition to these technical changes, FHA is proposing one set of 
substantive changes to the Model Forward Mortgage, reflected in the 
judicial and non-judicial versions of Section 22 (hereinafter 
``Sections 22'') and Section 20. Prior to the September, 2014 
publication of the current Model Forward Mortgage, the former Model 
Forward Mortgage contained the following provision: ``[i]n many 
circumstances regulations issued by the Secretary will limit Lender 
rights, in the case of payment defaults, to require immediate payment 
in full and foreclose if not paid. This Security Instrument does not 
authorize acceleration or foreclosure if not permitted by regulations 
of the Secretary.'' (hereinafter ``Paragraph 9(d)''). Because Paragraph 
9(d) is not serve to again further this goal.
    The Department is also proposing a revision to Section 20, which 
generally provides that the borrower is not a third-party beneficiary 
to the contract of mortgage insurance between the lender and FHA. 
Legally, FHA borrowers have never been deemed third-party beneficiaries 
of the mortgage insurance contract between FHA and the mortgagee, and 
therefore, have had no authority to enforce any provisions thereof. 
However, as reflected in the proposed changes to Sections 22, the 
borrower and lender will enjoy contractual rights and obligations under 
the private mortgage contract that happen to mirror elements of the 
mortgage insurance contract because they both separately rely on HUD's 
regulations. By asserting rights under the private mortgage contract, 
even those that incorporate elements of the regulations forming the 
mortgage insurance contract, borrowers would not be enforcing the 
contract of mortgage insurance and FHA regulations as such, but rather 
enforcing the private contractual terms incorporated into the mortgage 
contract that mirror those regulations.
    While aiming to clearly delineate the lines between the private 
mortgage contract and the contract of mortgage insurance through the 
language contained in Section 20, the Department does not wish to cause 
any confusion concerning the borrower's ability to enforce his or her 
rights that have been granted through the incorporation of certain 
regulatory provisions. Therefore, for clarity, the Department is 
proposing a revision to Section 20 that eliminates any confusion 
regarding the borrower's ability to assert rights under the private 
mortgage contract with the mortgagee as provided in the proposed 
changes to Section 22. The proposed revision to Section 20 does not 
jeopardize the settled fact that borrowers are not third-party 
beneficiaries of the mortgage insurance contract and do not have the 
authority to enforce any provisions thereof. This is a consequence of 
well-established legal principals governing contractual relationships 
and private, which will remain unchanged not with standing the proposed 
revision. HUD expects, therefore, that the proposed change renders 
Section 20 more apparently consistent with the proposed changes to 
Sections 22, but does not intend to create third-party rights under the 
mortgage insurance contract.
    The following information regarding respondents and number of 
responses is based on information related to the actual legal mortgage 
document, not the model mortgage document.
    Affected Respondents: Businesses or other for-profit.
    Estimated Number of Respondents: 2,535.
    Estimated Number of Responses: 164,447.
    Frequency of Response: On Occasion.
    Average Hours per Response: .05.
    Total Estimated Burdens: 822 hours.

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

[[Page 84610]]

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: November 17, 2016.
 Janet M. Golrick,
Associate General Deputy Assistant Secretary for Housing Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2016-28245 Filed 11-22-16; 8:45 am]
 BILLING CODE 4210-67-P