[Federal Register Volume 61, Number 76 (Thursday, April 18, 1996)]
[Notices]
[Pages 16929-16930]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9549]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-3917-N-63]


Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner; Notice of Proposed Information Collection for Public 
Comment

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: 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

[[Page 16930]]

Reduction Act. The Department is soliciting pubic comments on the 
subject proposal.

DATES: Comments due. June 17, 1996

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Oliver Walker, Housing, 
Department of Housing & Urban Development, 451--7th Street, SW., Room 
9116, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Betty Belin, Telephone number (202) 708-3652 (this is not a toll-free 
number) for copies of the proposed forms and other available documents.

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    The Notice is soliciting comments from members of the public and 
affecting agencies concerning the proposed collection of information 
to: (1) Evaluate 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) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) 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.
    This Notice also lists the following information:
    Title of Proposal: Multifamily Insurance Benefits Claim Package.
    OMB Control Number: 2502-0415.
    Description of the need for the information and the proposed use: 
When terms of a Multifamily contract are breached or when mortgage 
meets conditions stated within the Multifamily contract for an 
automated assignment, the holder of the mortgage may file for insurance 
benefits. The law which supports this action is Statute 12 USC 1713(g) 
and Title II, Section 207(g) of the National Housing Act. This act 
provides in part `` * * * the mortgagee shall be entitled to receive 
the benefits of the insurance as hereinafter provided, upon assignment, 
transfer, and delivery to the Secretary, within a period and in 
accordance with rules and regulations to be prescribed by the Secretary 
of (1) all rights and interest arising under the mortgage so in 
default: (2) all claims of the mortgagee against the mortgagor or 
others, arising out of the mortgage transaction: (3) all policies of 
title or other insurance of surety bonds or guaranties and any all 
claims thereunder: (4) any balance of the mortgage loan not advance to 
the mortgagor: (5) any cash or property held by the mortgagee, or to 
which it is entitled, as deposits made for account of the mortgagor and 
which have been applied in reduction of the principal of the mortgage 
indebtedness: and (6) all records, documents, books, papers, and counts 
relating to the mortgage transaction.''
    Agency form numbers; HUD-2742, 2744A, 2744B, 2744C, 2744D, 2744E.
    Members of affected public: Business or other for profit.
    An estimation of the total numbers of hours needed to prepare the 
information collection is 1,050 number of respondents is 300 frequency 
response is on occasion and the hour of response is 3.50 of an hour.
    Status of the proposed information collection: Extension of a 
currently approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: April 4, 1996.
Nicolas P. Retsinas,
A/S Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 96-9549 Filed 4-17-96; 8:45 am]
BILLING CODE 4210-27-M