30-Day Notice of Proposed Information Collection: Multifamily Default Status Report, 22060 [2023-07639]

Agencies

• DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Federal Register Volume 88, Number 70 (Wednesday, April 12, 2023)]
[Notices]
[Page 22060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07639]



[[Page 22060]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7070-N-20; OMB Control No. 2502-0041]


30-Day Notice of Proposed Information Collection: Multifamily 
Default Status Report

AGENCY: Office of Policy Development and Research, Chief Data Officer, 
HUD.

ACTION: Notice.

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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 an additional 30 days of 
public comment.

DATES: Comments Due Date: May 12, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, Department of Housing and Urban Development, 7th Street 
SW, Room 8210, Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. This is 
not a toll-free number. HUD welcomes and is prepared to receive calls 
from individuals who are deaf or hard of hearing, as well as 
individuals with speech or communication disabilities. To learn more 
about how to make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
    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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on 
November 8, 2022 at 87 FR 67482.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    OMB Expiration Date: April 30, 2023.
    Type of Request: Extension of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: The 
regulations at 24 CFR 207.256, 24 CFR 207.256a, and 24 CFR 207.258 
require a mortgagee to notify HUD when a mortgage payment is in default 
(more than 30 days past due), when a mortgage has been reinstated, and 
to submit an election to assign a defaulted loan to HUD within a 
specified timeframe from the date of default. The regulation at 24 CFR 
200, Subpart B, requires lenders to submit delinquency, default, 
election to assign, and other related loan information statuses 
electronically to HUD. Lenders previously used HUD Form 92426 for these 
submissions, however, with the implementation of the regulation 
requiring electronic notification, the Multifamily Delinquency and 
Default Reporting System (MDDR) was established to replace the paper 
form HUD-92426. HUD uses the information as an early warning mechanism 
to work with project owners and lenders to develop a plan that will 
reinstate a loan and avoid an insurance claim. It also provides HUD 
staff a mechanism for mortgagee compliance with HUD's loan servicing 
procedures and assignments.
    Respondents: Respondents are FHA-approved multifamily lenders 
(business or other for-profit).
    Estimated Number of Respondents: 114.
    Estimated Number of Responses: 1,001.
    Frequency of Response: 12.
    Average Hours per Response: 10 minutes.
    Total Estimated Burden: 167.

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.
    (5) ways to minimize the burden of the collection of information on 
those who are respond, including the use of automated collection 
techniques or other forms of information technology.
    HUD encourages interested parties to submit comments in response to 
these questions.

C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
chapter 35.

Colette Pollard,
Department Reports Management Officer, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2023-07639 Filed 4-11-23; 8:45 am]
BILLING CODE 4210-67-P