60-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations, Assumptions, and Transfers, 29738-29739 [2020-10612]

Download as PDF 29738 Federal Register / Vol. 85, No. 96 / Monday, May 18, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES One commenter objected to the requirement in section 10(c) that the maturity on the subordinate loan automatically be extended if the FHA loan is extended due to a deferment of amortization or forbearance. HUD rejects this comment as the language in question reflects current MAP Guide policy to reserve this protection as insurer of the first mortgage loan to allow maximum flexibility in distressed project situations. HUD agrees with an HFA’s request to remove language in section 10(e) that would force a subordinate lender to allow an ownership change and assumption of its loan upon HUD approval. Further, HUD also agrees with an HFA’s request to remove the requirement in section 10(f) that limits the funds the subordinate lender can receive upon transfer or sale of the property to 75% of net proceeds; HUD will be making a corresponding change to remove this requirement from the MAP Guide. Respondents (i.e., affected public): FHA lenders, borrowers, housing finance agencies and other government agencies that support affordable housing, and HFA counsel. Estimated Number of Respondents: 17,468. Estimated Number of Responses: 17,468. Frequency of Response: Once per annum. Average Hours per Response: 1.5 hours. Total Estimated Burden: 14,286.85. 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. (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 requests that commenters provide comments and proposed changes in narrative and/or bulleted form, accompanied by a detailed VerDate Sep<11>2014 18:03 May 15, 2020 Jkt 250001 explanation and rationale for each requested change. Commenters may include in their detailed explanation and rationale the relevant excerpt(s) from the Subordination Agreement with redlines/strikeouts. C. Authority Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 3507. Dated: May 12, 2020. Nacheshia Foxx, Federal Register Liaison for the Department for Housing and Urban Development. [FR Doc. 2020–10516 Filed 5–15–20; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–7027–N–14; OMB Control No.: 2502–0595] 60-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations, Assumptions, and Transfers 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: July 17, 2020. 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 tollfree Federal Relay Service at (800) 877– 8339. FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management Officer, QDAM, Department of Housing SUMMARY: PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 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. Copies of available documents submitted to OMB may be obtained from Ms. Pollard. 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: FHAInsured Mortgage Loan Servicing of Payments, Prepayments, Terminations, Assumptions, and Transfers. OMB Approval Number: 2502–0595. Type of Request: Revision of currently approved collection. Form Numbers: HUD–92210.1. Description of the need for the information and proposed use: FHA insurance is an important source of mortgage credit for low and moderateincome borrowers. It is essential that the Federal Housing Administration (FHA) maintain a healthy mortgage insurance fund through premiums charged to the borrower by FHA. Providing policy and guidance to the single family housing mortgage industry regarding changes in FHA’s program is essential to protect the fund. The information requests referred to in this PRA submission is to provide information to support HUD’s policy and guidance. Respondents: Business or other for profit and Individuals or households. Estimated Number of Respondents: 182. Estimated Number of Responses: 15,834. Frequency of Response: On occasion. Average Hours per Response: 60 minutes to 67 minutes. Total Estimated Burdens: 17,813. 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 E:\FR\FM\18MYN1.SGM 18MYN1 Federal Register / Vol. 85, No. 96 / Monday, May 18, 2020 / Notices 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: Colette Pollard, Reports Management C. Authority Officer, QDAM, Department of Housing Section 2 of the Paperwork Reduction and Urban Development, 451 7th Street Act of 1995, 44 U.S.C. 3507. SW, Washington, DC 20410; email The General Deputy Assistant Colette Pollard at Colette.Pollard@ Secretary for Housing, John L. Garvin, hud.gov or telephone 202–402–3400. having reviewed and approved this This is not a toll-free number. Persons document, is delegating the authority to with hearing or speech impairments electronically sign this document to may access this number through TTY by submitter, Nacheshia Foxx, who is the calling the toll-free Federal Relay Federal Register Liaison for HUD, for Service at (800) 877–8339. purposes of publication in the Federal Copies of available documents Register. submitted to OMB may be obtained Dated: May 13, 2020. from Ms. Pollard. Nacheshia Foxx, SUPPLEMENTARY INFORMATION: This Federal Liaison for the Department of Housing notice informs the public that HUD is and Urban Development. seeking approval from OMB for the [FR Doc. 2020–10612 Filed 5–15–20; 8:45 am] information collection described in BILLING CODE 4210–67–P Section A. 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. A. Overview of Information Collection DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–7027–N–12] 60-Day Notice of Proposed Information Collection: Rental Assistance Demonstration (RAD); Supporting Contracts and Processing Requirements; OMB Control No.: 2502–0612 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: July 17, 2020. 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 jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:03 May 15, 2020 Jkt 250001 Title of Information Collection: Rental Assistance Demonstration (RAD); Supporting Contracts and Processing Requirements. OMB Approval Number: 2502–0612. OMB Expiration Date: 04/30/2020. Type of Request: Revision of a currently approved collection. Form Numbers: 52611, 52614, 52617, 52619, 52620A, 52620B, 52621A, 52624, 52625, 5679, 5977, 5978. Description of the need for the information and proposed use: RAD allows Public Housing, Mod Rehab, Rent Supp, RAP, and 202 PRAC properties to convert to long-term project-based Section 8 rental assistance contracts. Participation in the demonstration is voluntary and HUD approval is discretionary. Participating Public Housing Agencies (PHAs) and Multifamily Owners are required to submit documentation for processing and completing the conversion. Through these documents (collectively, the RAD documents), HUD evaluates whether the PHA or owner has met all of the requirements necessary to complete conversion as outlined in Housing Notice 2019–09/PIH Notice 2019–23 (HA) Rental Assistance Demonstration—Final Implementation Notice (RAD Notice) Revision 4 and Housing/PIH Notice 2016–17—Rental Assistance Demonstration (RAD) Notice PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 29739 Regarding Fair Housing and Civil Rights Requirements and Relocation Requirements Applicable to RAD First Component—Public Housing Conversions or successor notices. The RAD processing request is made through a Web-based portal. Overall, the RAD documents and information requested through such documents allow HUD to determine which applicants continue to meet the eligibility and conversion requirements. Finally, all applicants will be required to sign the appropriate contractual documents to complete conversion and bind both the applicant and HUD, as well as set forth the rights and duties of the applicant and HUD, with respect to the converted project and any payments under that project. This is a revision request of a currently approved collection. Several changes have been made under both components of RAD. The changes under the First Component of RAD are as follows: The inclusion of the RAD Application under this ICR (formerly under OMB Approval Number 2577–0278), the reorganization and streamlining of RAD Fair Housing, Civil Rights, and Relocation Submission Requirements, an update of all forms to reflect programmatic changes and improvements over the past three years, the replacement of a rider to an existing PBV HAP contract with a single contract form that incorporates all requirements into a single form, the creation of a survey of new contract voucher administrators to ensure that the amount of funding provided for converted properties is adequate, and the creation of a Post-Closing Completion Certification form for owners to document compliance with certain requirements. In addition, under the Second Component of RAD, the changes are as follows: The creation of the Submission of Interest for owners to connect with HUD for technical assistance, the creation of HAP contracts for the conversion of Project Rental Assistance Contract (PRAC) to PBRA and PBV as well as the new Elderly Housing Use Agreement to be recorded on PRAC properties that have converted through RAD, an update of all forms to reflect programmatic changes and improvements over the past three years, and the implementation of the Mod Rehab data, a collection of owner information requested. Both Components of RAD will now have the incorporation of a Conversion Plan under the Second Component, modeled after the Financing Plan used in the First Component. Both components will also now include a collection of a postclosing completion certification to monitor compliance with requirements E:\FR\FM\18MYN1.SGM 18MYN1

Agencies

[Federal Register Volume 85, Number 96 (Monday, May 18, 2020)]
[Notices]
[Pages 29738-29739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-10612]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7027-N-14; OMB Control No.: 2502-0595]


60-Day Notice of Proposed Information Collection: FHA-Insured 
Mortgage Loan Servicing of Payments, Prepayments, Terminations, 
Assumptions, and Transfers

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: July 17, 2020.

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 
[email protected] 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: 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 [email protected] 
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. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

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-Insured Mortgage Loan 
Servicing of Payments, Prepayments, Terminations, Assumptions, and 
Transfers.
    OMB Approval Number: 2502-0595.
    Type of Request: Revision of currently approved collection.
    Form Numbers: HUD-92210.1.
    Description of the need for the information and proposed use: FHA 
insurance is an important source of mortgage credit for low and 
moderate-income borrowers. It is essential that the Federal Housing 
Administration (FHA) maintain a healthy mortgage insurance fund through 
premiums charged to the borrower by FHA. Providing policy and guidance 
to the single family housing mortgage industry regarding changes in 
FHA's program is essential to protect the fund. The information 
requests referred to in this PRA submission is to provide information 
to support HUD's policy and guidance.
    Respondents: Business or other for profit and Individuals or 
households.
    Estimated Number of Respondents: 182.
    Estimated Number of Responses: 15,834.
    Frequency of Response: On occasion.
    Average Hours per Response: 60 minutes to 67 minutes.
    Total Estimated Burdens: 17,813.

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

[[Page 29739]]

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.

C. Authority

    Section 2 of the Paperwork Reduction Act of 1995, 44 U.S.C. 3507.
    The General Deputy Assistant Secretary for Housing, John L. Garvin, 
having reviewed and approved this document, is delegating the authority 
to electronically sign this document to submitter, Nacheshia Foxx, who 
is the Federal Register Liaison for HUD, for purposes of publication in 
the Federal Register.

    Dated: May 13, 2020.
Nacheshia Foxx,
Federal Liaison for the Department of Housing and Urban Development.
[FR Doc. 2020-10612 Filed 5-15-20; 8:45 am]
BILLING CODE 4210-67-P