60-Day Notice of Proposed Information Collection: Mortgagee's Application for Partial Settlement (Multifamily Mortgage); OMB Control No.: 2502-0427
| Published date | 07 March 2024 |
| Record Number | 2024-04787 |
| Citation | 89 FR 16586 |
| Court | Housing And Urban Development Department |
| Section | Notices |
Federal Register, Volume 89 Issue 46 (Thursday, March 7, 2024)
[Federal Register Volume 89, Number 46 (Thursday, March 7, 2024)]
[Notices]
[Pages 16586-16587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04787]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7086-N-06]
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.
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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 60 days of public comment.
DATES: Comments Due Date: May 6, 2024.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Written comments and recommendations for the proposed
information collection can be sent 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 should 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;
telephone 202-402-3577 (this is not a toll-free number) or email:
[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: Mortgagee's Application for
Partial Settlement (Multifamily Mortgage).
OMB Approval Number: 2502-0427.
OMB Expiration Date: August 31, 2024.
Type of Request: Extension of a currently approved collection.
Form Number: HUD-2537, HUD-2747, HUD-1044-D.
Description of the need for the information and proposed use: When
a Federal Housing Administration 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
form HUD-2537, Mortgagee's Application for Partial Settlement
(Multifamily Mortgage), prior to assignment. Once the email or telefax
is received with form HUD-2537, HUD pays 70 or 90% of the Unpaid
Principal Balance (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 form HUD-2537 and
the UPB 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.
Estimated Burden: 193 hours.
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.
[[Page 16587]]
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. 2024-04787 Filed 3-6-24; 8:45 am]
BILLING CODE 4210-67-P
