60-Day Notice of Proposed Information Collection: Mortgagee's Application for Partial Settlement (Multifamily Mortgage); OMB Control No.: 2502-0427, 81944-81945 [2020-27742]
[Federal Register Volume 85, Number 243 (Thursday, December 17, 2020)]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27742]
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7027-N-36]
60-Day Notice of Proposed Information Collection: Mortgagee's
Application for Partial Settlement (Multifamily Mortgage); OMB Control
AGENCY: Office of the Assistant Secretary for Housing--Federal Housing
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: February 16, 2021.
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, Washington, DC 20410; email Colette Pollard at
[email protected] or telephone 202-402-3400. 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
Copies of available documents submitted to OMB may be obtained from
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
A. Overview of Information Collection
Title of Information Collection: Mortgagee's Application for
Partial Settlement (Multifamily Mortgage).
OMB Approval Number: 2502-0427.
OMB Expiration Date: 12/31/2020.
Type of Request: Revision of a currently approved collection.
Form Numbers: HUD-2537, HUD-2747, HUD-1044-D
Description of the need for the information and proposed use:
When a FHA insured Multifamily mortgage goes into default, the
Mortgagee may file a claim with the Secretary to receive the insurance
benefits. The Mortgagee is required by HUD to furnish HUD Form 2537
prior to receiving the telefax. Once the telefax arrives, HUD pays 70
or 90% of the UPB plus interest within 24 to 48 hours after assignment
or conveyance. Interest will continue to accrue on the claim until the
partial settlement is paid. Interest paid on each claim is based on the
default date, the escrows reported on HUD form 2537 and the Unpaid
Principal Balance reported.
Respondents: Business or other for-profit; State, Local, or Tribal
Estimated Number of Respondents: 110.
Estimated Number of Responses: 110.
Frequency of Response: 1.
Average Hours per Response: 1.75.
Total Estimated Burden: 193.
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
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35. Assistant Secretary for Housing--Federal Housing
Commissioner, Dana T. Wade, 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.
Federal Liaison for the Department of Housing and Urban Development.
[FR Doc. 2020-27742 Filed 12-16-20; 8:45 am]
BILLING CODE 4210-67-P