[Federal Register Volume 65, Number 180 (Friday, September 15, 2000)]
[Notices]
[Page 55983]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-23718]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4565-N-23]


Notice of Proposed Information Collection: Comment Request; 
Mortgagee's Application for Partial Settlement (Multifamily Mortgage)

AGENCY: Office of the Assistant Secretary for Housing, 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 Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments Due Date: November 14, 2000.

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., L'Enfant Plaza Building, Room 8100, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Patricia L. Tarber, Systems 
Accountant, Office of Financial Services, Department of Housing and 
Urban Development, 451 7th Street SW., Washington, DC 20410, telephone 
(202) 708-     (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 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: Mortgagee's Application for Partial Settlement 
(Multifamily Mortgage).
    OMB Control Number, if applicable: 2502-0427.
    Description of the need for the information and proposed use: When 
the mortgage goes into default, the lender may elect to file with the 
Department a claim for insurance benefits. Statute 12 USC 1713(g) and 
Title II, Section 207(g) of the National Housing Act provides that, ``* 
* * 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 all rights and 
interest arising under the mortgage so in default: * * * at its options 
and in accordance with regulations of, and in a period to be determined 
by the Secretary, proceed to foreclose on and obtain possession of or 
otherwise acquire sure property after default and receive the benefits 
of the insurance as herein provided upon the prompt conveyance of the 
Secretary the title of the property * * *'' The mortgagee may receive a 
portion of the benefits immediately after the assignment or conveyance. 
The partial amount is computed in accordance with the foregoing 
statutory provisions and regulations promulgated under 24 CFR 207.251 
Subpart B.
    Agency form numbers, if applicable: HUD-2537.
    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 
215, frequency of response is one claim per submission, the total 
annual burden hours requested are 54.
    Status of the proposed information collection: Reinstatement, 
without change, of a previously approved information collection.

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

    Dated: September 8, 2000.
William C. Apgar,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 00-23718 Filed 9-14-00; 8:45 am]
BILLING CODE 4210-27-M