[Federal Register Volume 78, Number 165 (Monday, August 26, 2013)]
[Notices]
[Page 52782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20742]



[[Page 52782]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5683-N-79]


30-Day Notice of Proposed Information Collection: Mortgage 
Insurance Termination; Application for Premium Refund or Distributive 
Share Payment

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: September 25, 2013.

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: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410; email Colette Pollard at 
Colette.[email protected] or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on June 17, 2013.

A. Overview of Information Collection

    Title of Information Collection: Mortgage Insurance Termination; 
Application for Premium Refund or Distributive Share Payment.
    OMB Approval Number: 2502-0414.
    Type of Request: Extension of a currently approved collection.
    Form Number: HUD-27050-B.
    Description of the need for the information and proposed use: 
Mortgage Insurance Termination is used by servicing mortgagees to 
comply with HUD requirements for reporting termination of FHA mortgage 
insurance. This information is used whenever FHA mortgage insurance is 
terminated and no claim for insurance benefits will be filed. This 
information is submitted on via the internet or EDI and is used to 
directly pay eligible homeowners. This condition occurs when the form 
passes the criteria of certain system edits. As the result the system 
generates a disbursement to the eligible homeowner for the refund 
consisting of the unused portion of the paid premium. The billing of 
mortgage insurance premiums is discontinued as a result of the 
transaction. Without this information the premium collection/monitoring 
function would be severely impeded and program data would be 
unreliable. Under streamline III when the form is processed and but 
does not pass the series of edits the system generates in these cases 
the Application for Premium Refund or Distributive Share Payment to the 
homeowner to be completed and returned to HUD for father processing for 
the refund. In general a Premium Refund is the difference between the 
amount of prepaid premium and the amount of the premium that has been 
earned by HUD up to the time the mortgage is terminated.
    Respondents (describe): Individuals or households.
    Estimated Number of Respondents: 56,000.
    Estimated Number of Responses: 725,000.
    Frequency of Response: On Occasion.
    Average Hours per Response: 5.
    Total Estimated Burdens: 66,500.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following:
    (1) 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) The accuracy 
of the agency's estimate of the burden of the proposed collection of 
information; (3) Ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) Ways to 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. HUD encourages interested parties to submit comment in 
response to these questions.

    Authority:  Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: August 20, 2013.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2013-20742 Filed 8-23-13; 8:45 am]
BILLING CODE 4210-67-P