[Federal Register Volume 74, Number 231 (Thursday, December 3, 2009)]
[Notices]
[Page 63407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-28888]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5285-N-37]


Notice of Proposed Information Collection: Comment Request; 
Multifamily Default Status Report

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: February 1, 2010.

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, Departmental 
Reports Management Officer, QDAM, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; e-mail 
[email protected] or telephone (202) 402-8048.

FOR FURTHER INFORMATION CONTACT: Howard Mayfield, Deputy Director, 
Office of Multifamily Asset Management, Department of Housing and Urban 
Development, 451 7th Street, SW., Washington, DC 20410; telephone (202) 
402-2558 (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 Default Status Report.
    OMB Control Number, if applicable: 2502-0041.
    Description of the need for the information and proposed use: 
Mortgagees use this information collection to notify HUD that a project 
owner is more than 30 days past due on a mortgage payment and to elect 
to assign a mortgage to the Department (per regulations at 24 CFR part 
207.256). To avoid an assignment of mortgage to HUD, which costs the 
Government millions of dollars each year, HUD and the mortgagor may 
develop a plan for reinstating the loan since HUD uses the information 
as an early warning mechanism. HUD Field Office and Headquarters staff 
use the data to (a) monitor mortgagee compliance with HUD's loan 
servicing procedures and assignments; and (b) avoid mortgage 
assignments in the future. This information is submitted electronically 
via the Internet.
    Agency form numbers, if applicable: HUD-92426.
    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 number of burden hours is 1,256. 
The number of respondents is 63, the number of responses is 7,542, the 
frequency of response is 120, and the burden hour per response is 10 
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: November 30, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary for Housing--Federal Housing 
Commissioner.
[FR Doc. E9-28888 Filed 12-2-09; 8:45 am]
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