60-Day Notice of Proposed Information Collection: Mortgagee's Application for Partial Settlement (Multifamily Mortgage); OMB Control No.: 2502-0427, 81944-81945 [2020-27742]

Agencies

[Federal Register Volume 85, Number 243 (Thursday, December 17, 2020)]
[Notices]
[Pages 81944-81945]
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 
No.: 2502-0427

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: 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 
(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: 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 
Government.
    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

[[Page 81945]]

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.

C. Authority

    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.

Nacheshia Foxx,
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