[Federal Register Volume 72, Number 31 (Thursday, February 15, 2007)]
[Notices]
[Page 7451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-2712]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5121-N-09]


Notice of Proposed Information Collection: Comment Request; 
Multifamily Mortgagee's Application for Insurance Benefits

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

DATES: Comments Due Date: April 16, 2007.

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: Lillian Deitzer, Reports 
Management Officer, Department of Housing and Urban Development, 451 
7th Street, SW., L'Enfant Plaza Building, Room 8001, Washington, DC 
20410 or [email protected].

FOR FURTHER INFORMATION CONTACT: Victor L. Vacanti, Operating 
Accountant, Multifamily Claims Branch, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410, telephone (202) 
708-3423 ext. 2808 (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: Multifamily Mortgagee's Application for 
Insurance Benefits.
    OMB Control Number, if applicable: 2502-0419.
    Description of the Need for the Information and Proposed Use: A 
lender with an insured multifamily mortgage may pay an annual insurance 
premium to HUD. When the mortgage goes into default, the lender may 
elect to file with HUD a claim for insurance benefits. A requirement of 
the claims filing process is the submission of an application for 
insurance benefits, form HUD-2747. Regulation 12 U.S.C. 1713(g) and 
Title II, Section 207(g) of the National Housing Act provides that, 
``Notwithstanding any other provision of this chapter, upon receipt, 
after September 2, 1964, of an application for insurance benefits on a 
mortgage insured under this chapter, the Secretary may terminate the 
mortgagee's obligation to pay premium charges on the mortgage.'' This 
provision is further spelled out in regulation 24 CFR Part 207--Subpart 
B, Contract Rights and Obligations at 24 CFR 207.525(d) and 24 CFR 
207.258(c)(6). This information collection satisfies the preceding 
requirements.
    Agency Form Numbers, If Applicable: HUD-2747.
    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 total number of burden 
hours needed to prepare the information collection is 9; the number of 
respondents is 110 generating approximately 110 annual responses; the 
frequency of response is one claim per submission; and the estimated 
time needed to prepare the response is 5 minutes.
    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: February 9, 2007.
Frank L. Davis,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
 [FR Doc. E7-2712 Filed 2-14-07; 8:45 am]
BILLING CODE 4210-67-P