60-Day Notice of Proposed Information Collection: FHA-Insured Mortgage Loan Servicing of Payments, Prepayments, Terminations, Assumptions, and Transfers, 29738-29739 [2020-10612]
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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
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18:03 May 15, 2020
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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
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Fmt 4703
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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
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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:
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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
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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
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]]>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]
-----------------------------------------------------------------------
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
