Department of Housing and Urban Development July 17, 2008 – Federal Register Recent Federal Regulation Documents
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Privacy Act; Proposed New Systems of Records, Single Family Mortgage Asset Recovery Technology (SMART/A80H)
The Department of Housing and Urban Development HUD proposes to establish a new record system to add to its inventory of systems of records subject to the Privacy Act of 1974 (5 U.S.C. 552a), as amended. The proposed new system of record is the Single Family Mortgage Asset Recovery Technology (SMART). The SMART system will be used for accounting level detail on forward and reverse mortgages; case-tracking ability; report generating capability; query functions; database management, analyzing, processing, and tracking for FHA Insured and Secretary-held first, second and subordinate note and mortgage loan servicing functions.
Land Survey Report for Insured Multifamily Projects
The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. Borrowers submit a land survey and related information to secure a marketable title and title insurance for multifamily project mortgage insurance. The submission is made at application and at closing.
Application for Displacement/Relocation/Temporary Relocation Assistance for Person
The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. Application for displacement/relocation assistance for person (families, individuals, businesses, nonprofit organizations and farms) displaced by certain HUD programs, or for out-of-pocket expenses incurred by persons temporarily relocated for a HUD-assisted program or project. Periodically, HUD reviews a random sample of the Agency files to assure that persons received the relocation payments to which they are entitled.
Certification of Multifamily Housing Compliance With State and Local Housing Codes
The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. This collection is necessary for HUD to ensure that all properties owned by potential purchasers are in compliance with the state and local housing codes that are in the same locality as the project to be purchased.
Multifamily Insurance Benefits Claims Package
The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. When the terms of a Multifamily contract are breached or when a mortgagee meets conditions stated within the Multifamily contract for an automatic assignment, the holder of the mortgage may file for insurance benefits. To receive these benefits, the mortgagee must prepare and submit to HUD the Multifamily Insurance Benefits Claims Package. HUD uses the information collection to determine the insurance benefits owed to the mortgagee.
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