60-Day Notice of Proposed Information Collection: Disclosure of Adjustable Rate Mortgage (ARM) Rates; OMB Control No.: 2502-0322, 43136-43137 [2023-14232]
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<![CDATA[
43136
Federal Register / Vol. 88, No. 128 / Thursday, July 6, 2023 / Notices
to: Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Room 8210, Washington, DC
20410–5000 or email at
PaperworkReductionActOffice@
hud.gov.
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov 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 and communication
disabilities. To learn more about how to
make an accessible telephone call,
please visit: https://www.fcc.gov/
consumers/guides/telecommunicationsrelay-service-trs. Copies of available
documents submitted to OMB may be
obtained from Ms. Pollard.
This
notice informs the public that HUD is
seeking approval from OMB for the
SUPPLEMENTARY INFORMATION:
claimants. This condition occurs when
the form passes the criteria of certain
system edits. As a result, the system
A. Overview of Information Collection
generates a disbursement to the eligible
Title of Information Collection:
claimant for the refund consisting of the
Mortgage Insurance Termination
unused portion of the paid premium.
Application for Premium Refund, Tracer The information collected is used to
Claimant Refund Case Request.
update HUD’s Single Family Insurance
OMB Approval Number: OMB–2502– System. The billing of mortgage
0414.
insurance premiums is discontinued as
OMB Expiration Date: 12/31/2023.
a result of the transaction. Without this
Type of Request: Revision of currently information, the premium collection/
approved OMB collection.
monitoring function would be severely
Form Number: Mortgage Insurance
impeded and program data would be
Termination HUD–27050–A is
unreliable. Currently when the form is
submitted electronically; Application
processed but does not pass the criteria
for Premium Refund HUD–27050–B.
in the series of system edits, the system
generates the HUD 27050–B Application
Description of the need for the
information and proposed use: Mortgage for Premium Refund for the claimant to
complete and return to HUD for further
Insurance Termination information is
used by servicing mortgagees to comply processing of the refund. In general, a
Premium Refund is the difference
with HUD requirements for reporting
termination of FHA mortgage insurance. between the amount of prepaid
This information is used whenever FHA premium and the amount of the
premium that has been earned by HUD
mortgage insurance is terminated and
up to the time the mortgage is
no claim for insurance benefits will be
terminated. The Tracer Claimant Refund
filed. This information is submitted on
Case Request is used to collect
the internet or via EDI and is used to
information on the claimant from the
issue mortgage insurance premium
tracer.
(MIP) refunds directly to eligible
information collection described in
Section A.
Number of
respondents
Information collection
Mortgage Insurance Termination HUD–27050–A .....................
Application for Premium Refund HUD–27050–B ......................
Tracer—Claimant Refund Case Request ..................................
Online Application for Premium Refund HUD 27050–B ............
1,898
10,394
360
15,592
Totals ..................................................................................
28,244
lotter on DSK11XQN23PROD with NOTICES1
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.
VerDate Sep<11>2014
17:07 Jul 05, 2023
Jkt 259001
Frequency
of
response
Varies
1
1
1
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.
Jeffrey D. Little,
General Deputy Assistant Secretary for
Housing.
[FR Doc. 2023–14229 Filed 7–5–23; 8:45 am]
BILLING CODE 4210–67–P
PO 00000
Total annual
responses
Hours per
response
Total annual
hours
1,310,031
10,394
360
15,592
0.08
0.25
.25
.25
104,802
2,599
90
3,898
1,336,377
........................
111,389
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7071–N–12]
60-Day Notice of Proposed Information
Collection: Disclosure of Adjustable
Rate Mortgage (ARM) Rates; OMB
Control No.: 2502–0322
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.
SUMMARY:
Comments Due Date: September
5, 2023.
DATES:
Frm 00058
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Federal Register / Vol. 88, No. 128 / Thursday, July 6, 2023 / Notices
Interested persons are
invited to submit comments regarding
this proposal. Written comments and
recommendations for the proposed
information collection can be submitted
within 60 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 60-day Review—Open
for Public Comments’’ or by using the
search function. Interested persons are
also invited to submit comments
regarding this proposal by name and/or
OMB Control Number and can be sent
to: Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Room 8210, Washington, DC
20410–5000 or email at
PaperworkReductionActOffice@
hud.gov.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
lotter on DSK11XQN23PROD with NOTICES1
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 451 7th Street
SW, Washington, DC 20410; email
Colette Pollard at Colette.Pollard@
hud.gov 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/telecommunicationsrelay-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.
borrower of the new interest rate, the
new monthly payment, index value and
how the adjustment was calculated.
Lenders generate the ARM Disclosures
electronically and generally provide
these disclosures on paper to their
borrowers or in electronic formats. HUD
collects the pre-loan ARM disclosure as
part of the origination case binder. HUD
may collect post-closing ARM
disclosures as part of HUD’s program
monitoring and enforcement activities,
e.g., when a loan is selected for HUD’s
post-endorsement quality review, or the
lender sends the file to HUD for claim.
HUD may review collected disclosures
to ensure compliance with the ARM
disclosure requirements.
Respondents: Lenders.
Estimated Number of Respondents:
2,250.
Estimated Number of Responses:
60,401.
Frequency of Response: One per FHAinsured adjustable rate loan.
Average Hours per Response: .05.
Total Estimated Burden: 3,020.
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
A. Overview of Information Collection
(4) Ways to minimize the burden of
Title of Information Collection:
the
collection of information on those
Disclosure of Adjustable Rate Mortgage
who are to respond; including through
(ARM) Rates.
the use of appropriate automated
OMB Approval Number: 2502–0322.
collection techniques or other forms of
OMB Expiration Date: 8–31–2023.
information technology, e.g., permitting
Type of Request: Extension.
electronic submission of responses.
Form Number: None.
Description of the need for the
HUD encourages interested parties to
information and proposed use: Mortgage submit comment in response to these
lenders must provide loan applicants
questions.
wishing to obtain an FHA-insured
Adjustable Rate Mortgage (ARM) with a C. Authority
pre-loan disclosure that includes a
Section 3507 of the Paperwork
written explanation of the ARM loan
Reduction Act of 1995, 44 U.S.C. 3507.
features. Loan servicers must also
provide mortgagors with adjustable rate Jeffrey D. Little,
General Deputy Assistant Secretary for
mortgages an annual ARM Disclosure
Housing.
Notice at least 25 days before any
[FR Doc. 2023–14232 Filed 7–5–23; 8:45 am]
adjustment to a mortgagor’s monthly
payment may occur, advising the
BILLING CODE 4210–67–P
VerDate Sep<11>2014
17:07 Jul 05, 2023
Jkt 259001
PO 00000
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43137
DEPARTMENT OF JUSTICE
Notice of Proposed Modification of
Consent Decree Under the Clean Water
Act
On June 29, 2023, the Department of
Justice lodged a proposed First
Modification of Consent Decree
(‘‘Modification’’) in the United States
District Court for the District of Puerto
Rico in the lawsuit entitled United
States v. Puerto Rico Aqueduct and
Sewer Authority, No. 3:15–CV–02283. In
this action, filed on September 15, 2015,
the United States alleged that the Puerto
Rico Aqueduct and Sewer Authority
(‘‘PRASA’’) had violated the Clean
Water Act (‘‘CWA’’), 33 U.S.C. 1251, et
seq., with regard to 52 PRASA
wastewater treatment plants
(‘‘WWTPs’’) and their associated
wastewater collection systems, 768
wastewater pump stations, 119 water
treatment plants (‘‘WTPs’’), and
PRASA’s Puerto Nuevo Regional WWTP
Sewer System (‘‘Puerto Nuevo Sewer
System’’), the sewer system that services
San Juan. On May 23, 2016, the United
States District Court for the District of
Puerto Rico entered a Consent Decree
(‘‘Decree’’) that required extensive
injunctive relief. The Modification
makes certain changes to the
requirements of the Decree, including
granting extensions of time for PRASA
to complete certain projects. The most
significant revisions of the Decree are as
follows:
The Decree required PRASA to
implement six projects to address
washwater discharges from drinking
water treatment plants by various
deadlines from December 2017 to
December 2020. PRASA has not
completed one of these projects. The
deadline for this project has been
extended to May 31, 2027.
The Decree required PRASA to
implement 17 projects to address
various problems in its sanitary
wastewater system by various dates
from December 2015 to December 2020.
PRASA has completed ten of these
projects. The Modification provides an
extension of time for seven of the
projects with new deadlines ranging
from December 31, 2023, to December
31, 2028.
The Decree required that PRASA
implement a Sewer System
Reconnaissance involving the
inspection and cleaning of the sewers
located in the Puerto Nuevo Sewer
System. The Modification extends
certain of the deadlines for these
projects and establishes deadlines for
other aspects of these projects.
E:\FR\FM\06JYN1.SGM
06JYN1
]]>Agencies
[Federal Register Volume 88, Number 128 (Thursday, July 6, 2023)]
[Notices]
[Pages 43136-43137]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14232]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7071-N-12]
60-Day Notice of Proposed Information Collection: Disclosure of
Adjustable Rate Mortgage (ARM) Rates; OMB Control No.: 2502-0322
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: September 5, 2023.
[[Page 43137]]
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be submitted within 60 days of publication
of this notice to www.reginfo.gov/public/do/PRAMain. Find this
particular information collection by selecting ``Currently under 60-day
Review--Open for Public Comments'' or by using the search function.
Interested persons are also invited to submit comments regarding this
proposal by name and/or OMB Control Number and can be sent to: Colette
Pollard, Reports Management Officer, REE, Department of Housing and
Urban Development, 451 7th Street SW, Room 8210, Washington, DC 20410-
5000 or email at [email protected].
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, 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. 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.
A. Overview of Information Collection
Title of Information Collection: Disclosure of Adjustable Rate
Mortgage (ARM) Rates.
OMB Approval Number: 2502-0322.
OMB Expiration Date: 8-31-2023.
Type of Request: Extension.
Form Number: None.
Description of the need for the information and proposed use:
Mortgage lenders must provide loan applicants wishing to obtain an FHA-
insured Adjustable Rate Mortgage (ARM) with a pre-loan disclosure that
includes a written explanation of the ARM loan features. Loan servicers
must also provide mortgagors with adjustable rate mortgages an annual
ARM Disclosure Notice at least 25 days before any adjustment to a
mortgagor's monthly payment may occur, advising the borrower of the new
interest rate, the new monthly payment, index value and how the
adjustment was calculated. Lenders generate the ARM Disclosures
electronically and generally provide these disclosures on paper to
their borrowers or in electronic formats. HUD collects the pre-loan ARM
disclosure as part of the origination case binder. HUD may collect
post-closing ARM disclosures as part of HUD's program monitoring and
enforcement activities, e.g., when a loan is selected for HUD's post-
endorsement quality review, or the lender sends the file to HUD for
claim. HUD may review collected disclosures to ensure compliance with
the ARM disclosure requirements.
Respondents: Lenders.
Estimated Number of Respondents: 2,250.
Estimated Number of Responses: 60,401.
Frequency of Response: One per FHA-insured adjustable rate loan.
Average Hours per Response: .05.
Total Estimated Burden: 3,020.
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
these questions.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
3507.
Jeffrey D. Little,
General Deputy Assistant Secretary for Housing.
[FR Doc. 2023-14232 Filed 7-5-23; 8:45 am]
BILLING CODE 4210-67-P
