30-Day Notice of Proposed Information Collection: Mortgage Insurance Termination, Application for Premium Refund, Tracer Claimant Refund Case Request, Online HUD-27050-B; OMB Control No.: 2502-0414, 66042-66043 [2023-20831]
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<![CDATA[
66042
Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices
7th Street SW, Room 8210, Washington,
DC 20410–5000; email
PaperworkReductionActOffice@
hud.gov.
FOR FURTHER INFORMATION CONTACT:
lotter on DSK11XQN23PROD with NOTICES1
Colette Pollard, Reports Management
Officer, REE, Department of Housing
and Urban Development, 7th Street SW,
Room 8210, Washington, DC 20410;
email 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/
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 July 6, 2023 at
88 FR 43136.
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:
2250.
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
A. Overview of Information Collection
be collected; and
Title of Information Collection:
(4) Ways to minimize the burden of
Disclosure of Adjustable Rate Mortgage
the collection of information on those
(ARM) Rates.
OMB Approval Number: 2502–0322.
who are to respond; including through
OMB Expiration Date: 8–31–2023.
the use of appropriate automated
Type of Request: Extension.
collection techniques or other forms of
Form Number: None.
information technology, e.g., permitting
Description of the need for the
electronic submission of responses.
information and proposed use: Mortgage
(5) Ways to minimize the burden of
lenders must provide loan applicants
the collection of information on those
wishing to obtain an FHA-insured
Adjustable Rate Mortgage (ARM) with a who are to respond, including the use
of automated collection techniques or
pre-loan disclosure that includes a
other forms of information technology.
written explanation of the ARM loan
features. Loan servicers must also
HUD encourages interested parties to
provide mortgagors with adjustable rate submit comment in response to these
mortgages an annual ARM Disclosure
questions.
Notice at least 25 days before any
C. Authority
adjustment to a mortgagor’s monthly
payment may occur, advising the
Section 3507 of the Paperwork
borrower of the new interest rate, the
Reduction Act of 1995, 44 U.S.C. 3507.
new monthly payment, index value and
how the adjustment was calculated.
Colette Pollard,
Lenders generate the ARM Disclosures
Department Reports Management Officer,
electronically and generally provide
Office of Policy Development and Research,
these disclosures on paper to their
Chief Data Officer.
borrowers or in electronic formats. HUD [FR Doc. 2023–20829 Filed 9–25–23; 8:45 am]
collects the pre-loan ARM disclosure as BILLING CODE 4210–67–P
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
VerDate Sep<11>2014
18:18 Sep 25, 2023
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DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7070–N–59]
30-Day Notice of Proposed Information
Collection: Mortgage Insurance
Termination, Application for Premium
Refund, Tracer Claimant Refund Case
Request, Online HUD–27050–B; OMB
Control No.: 2502–0414
Office of Policy Development
and Research, Chief Data Officer, 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 an additional 30 days of
public comment.
DATES: Comments Due Date: October 26,
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. Interested persons are
also invited to submit comments
regarding this proposal and comments
should refer to the proposal by name
and/or OMB Control Number and
should be sent to: Colette Pollard,
Clearance Officer, REE, Department of
Housing and Urban Development, 451
7th Street SW, Room 8210, Washington,
DC 20410–5000; email
PaperworkReductionActOffice@
hud.gov.
SUMMARY:
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@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/
telecommunications-relay-service-trs.
E:\FR\FM\26SEN1.SGM
26SEN1
66043
Federal Register / Vol. 88, No. 185 / Tuesday, September 26, 2023 / Notices
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 July 6, 2023 at
88 FR 43135.
A. Overview of Information Collection
Title of Information Collection:
Mortgage Insurance Termination.
Application for Premium Refund,
Tracer Claimant Refund Case Request.
OMB Approval Number: 2502–0414.
OMB Expiration Date: 12/31/2023.
Type of Request: Revision of currently
approved OMB collection.
Form Number: Mortgage Insurance
Termination HUD–27050–A is
submitted electronically; Application
for Premium Refund HUD–27050–B.
Description of the need for the
information and proposed use: Mortgage
Insurance Termination information is
used by servicing mortgagees to comply
with HUD requirements for reporting
termination of FHA mortgage insurance.
This information is used whenever FHA
mortgage insurance is terminated and
no claim for insurance benefits will be
filed. This information is submitted on
the internet or via EDI and is used to
issue mortgage insurance premium
(MIP) refunds directly to eligible
claimants. This condition occurs when
the form passes the criteria of certain
system edits. As a result, the system
generates a disbursement to the eligible
claimant for the refund consisting of the
unused portion of the paid premium.
The information collected is used to
Number of
respondents
Information collection
Total annual
responses
Hours per
response
Total annual
hours
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
Varies
1
1
1
1,310,031
10,394
360
15,592
0.08
0.25
.25
.25
104,802
2,599
90
3,898
Totals ............................................................................
28,244
........................
1,336,377
........................
111,389
B. Solicitation of Public Comment
lotter on DSK11XQN23PROD with NOTICES1
Frequency of
response
update HUD’s Single Family Insurance
System. The billing of mortgage
insurance premiums is discontinued as
a result of the transaction. Without this
information, the premium collection/
monitoring function would be severely
impeded and program data would be
unreliable. Currently when the form is
processed but does not pass the criteria
in the series of system edits, the system
generates the HUD 27050–B Application
for Premium Refund for the claimant to
complete and return to HUD for further
processing of the refund. In general, a
Premium Refund is the difference
between the amount of prepaid
premium and the amount of the
premium that has been earned by HUD
up to the time the mortgage is
terminated. The Tracer Claimant Refund
Case Request is used to collect
information on the claimant from the
tracer.
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 to 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.
VerDate Sep<11>2014
18:18 Sep 25, 2023
Jkt 259001
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. 2023–20831 Filed 9–25–23; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–7066–N–13]
Notice of Proposed Information
Collection for Public Comment: Mod
Rehab Single Room Occupancy—
Renewal Housing Assistance
Payments & Rent Calculation Form;
OMB Control No.: 2506–0216
Office of Community Planning
and Development, HUD.
ACTION: Notice of proposed information
collection.
AGENCY:
The proposed information
collection requirement described below
will be submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
SUMMARY:
PO 00000
Frm 00098
Fmt 4703
Sfmt 4703
Reduction Act. The Department is
soliciting public comments on the
subject proposal.
DATES: Comments due date: November
27, 2023.
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
PaperworkReductionActOffice@
hud.gov.
FOR FURTHER INFORMATION CONTACT:
Norm Suchar, Director, Office of Special
Needs Assistance Programs, Office of
Community Planning and Development,
Department of Housing and Urban
Development, 451 7th Street SW, Room
E:\FR\FM\26SEN1.SGM
26SEN1
]]>Agencies
[Federal Register Volume 88, Number 185 (Tuesday, September 26, 2023)]
[Notices]
[Pages 66042-66043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20831]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7070-N-59]
30-Day Notice of Proposed Information Collection: Mortgage
Insurance Termination, Application for Premium Refund, Tracer Claimant
Refund Case Request, Online HUD-27050-B; OMB Control No.: 2502-0414
AGENCY: Office of Policy Development and Research, Chief Data Officer,
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 an additional 30 days of
public comment.
DATES: Comments Due Date: October 26, 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. Interested
persons are also invited to submit comments regarding this proposal and
comments should refer to the proposal by name and/or OMB Control Number
and should be sent to: Colette Pollard, Clearance Officer, REE,
Department of Housing and Urban Development, 451 7th Street SW, Room
8210, Washington, DC 20410-5000; email
[email protected].
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 [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.
[[Page 66043]]
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 July 6,
2023 at 88 FR 43135.
A. Overview of Information Collection
Title of Information Collection: Mortgage Insurance Termination.
Application for Premium Refund, Tracer Claimant Refund Case
Request.
OMB Approval Number: 2502-0414.
OMB Expiration Date: 12/31/2023.
Type of Request: Revision of currently approved OMB collection.
Form Number: Mortgage Insurance Termination HUD-27050-A is
submitted electronically; Application for Premium Refund HUD-27050-B.
Description of the need for the information and proposed use:
Mortgage Insurance Termination information is used by servicing
mortgagees to comply with HUD requirements for reporting termination of
FHA mortgage insurance. This information is used whenever FHA mortgage
insurance is terminated and no claim for insurance benefits will be
filed. This information is submitted on the internet or via EDI and is
used to issue mortgage insurance premium (MIP) refunds directly to
eligible claimants. This condition occurs when the form passes the
criteria of certain system edits. As a result, the system generates a
disbursement to the eligible claimant for the refund consisting of the
unused portion of the paid premium. The information collected is used
to update HUD's Single Family Insurance System. The billing of mortgage
insurance premiums is discontinued as a result of the transaction.
Without this information, the premium collection/monitoring function
would be severely impeded and program data would be unreliable.
Currently when the form is processed but does not pass the criteria in
the series of system edits, the system generates the HUD 27050-B
Application for Premium Refund for the claimant to complete and return
to HUD for further processing of the refund. In general, a Premium
Refund is the difference between the amount of prepaid premium and the
amount of the premium that has been earned by HUD up to the time the
mortgage is terminated. The Tracer Claimant Refund Case Request is used
to collect information on the claimant from the tracer.
----------------------------------------------------------------------------------------------------------------
Number of Frequency of Total annual Hours per Total annual
Information collection respondents response responses response hours
----------------------------------------------------------------------------------------------------------------
Mortgage Insurance Termination 1,898 Varies 1,310,031 0.08 104,802
HUD-27050-A....................
Application for Premium Refund 10,394 1 10,394 0.25 2,599
HUD-27050-B....................
Tracer--Claimant Refund Case 360 1 360 .25 90
Request........................
Online Application for Premium 15,592 1 15,592 .25 3,898
Refund HUD 27050-B.............
---------------- ---------------- ---------------
Totals...................... 28,244 .............. 1,336,377 .............. 111,389
----------------------------------------------------------------------------------------------------------------
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 to 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. 2023-20831 Filed 9-25-23; 8:45 am]
BILLING CODE 4210-67-P
