[Federal Register Volume 64, Number 141 (Friday, July 23, 1999)] [Notices] [Page 40029] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-18879] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-4445-N-19] Proposed Information Collection: Comment Request; Multifamily Insurance Benefits Claim Package AGENCY: Office of the Assistant Secretary for Housing, HUD. ACTION: Notice. ----------------------------------------------------------------------- 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 Reduction Act. The Department is soliciting public comments on the subject proposal. DATES: Comments Due Date: September 21, 1999. 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: Wayne Eddins, Reports Management Officer, Department of Housing and Urban Development, 451 7th Street, SW, Room 4176, Washington, DC 20410. FOR FURTHER INFORMATION CONTACT: Betty A. Belin, Systems Accountant, Office of Financial Services, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410, telephone (202) 401-2168 (this is not a toll free number) for copies of the proposed forms and other available information. SUPPLEMENTARY INFORMATION: The Department is submitting 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). This Notice is soliciting comments from members of the public and affected 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 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, if applicable: 2502-0415. Description of he need for the information and proposed use: The Claim package requests from mortgagees the necessary fiscal data required for HUD to determine insurance owed to mortgagees that filed an insurance claim. When terms of a Multifamily contract are breached or when a 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 the 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 under the mortgage transaction; (3) all policies of title or other insurance or surety bonds or guaranties and any or all claims thereunder; (4) any balance of the mortgage loan not advanced 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 accounts relating to the mortgage transaction.'' These provisions are further spelled out in CFR 24 Part 207--Subpart B--Contract Rights and Obligations. To receive these benefits, the mortgagee must prepare and submit to HUD the Multifamily Insurance Benefits Claim Package. Agency form numbers, if applicable: HUD-2742, 2744A, 2744B, 2744C, 2744D, and 2744E. Estimation of the total numbers of hours needed to prepare the information collection including number of respondents, frequency of response, and hours of response: The estimated number of respondents is 118, frequency of responses is one per claim submission, and the total annual burden hours requested are 411. Status of the proposed information collection: Extension of a currently approved collection. Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. Chapter 35, as amended. Dated: July 20, 1999. William C. Apgar, Assistant Secretary for Housing-Federal Housing Commissioner. [FR Doc. 99-18879 Filed 7-22-99; 8:45 am] BILLING CODE 4210-27-M