[Federal Register Volume 81, Number 168 (Tuesday, August 30, 2016)]
[Notices]
[Page 59647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20798]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5909-N-63]


30-Day Notice of Proposed Information Collection: Multifamily 
Default Status Report

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 29, 2016.

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

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for 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 
29, 2016 at 81 FR 42369.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    Type of Request: Revision of a currently approved collection.
    Form Number: HUD-92426.
    Description of the need for the information and proposed use: 
Mortgagees servicing FHA-insured mortgages use this information 
collection to notify HUD that a project owner is delinquent (15-20 days 
past due) or in default (30 days past due) on its mortgage payment. 
They also use the system to submit an election to assign a defaulted 
mortgage to HUD (refer to regulations at 24 CFR 207.256) by the 75th 
day from the date of default. To avoid assignment of mortgage, which is 
costly to the government, HUD and the mortgagor may develop a plan for 
reinstating the loan since HUD uses the information submitted in MDDR 
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) potentially avoid 
mortgage assignments. This information is submitted electronically via 
the Internet.
    Respondents (i.e. affected public): 50 (Mortgagees).
    Estimated Number of Respondents: 50.
    Estimated Number of Responses: 4533.
    Frequency of Response: 91.
    Average Hours per Response: 10 minutes.
    Total Estimated Burden: 755 hours.

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 25, 2016.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2016-20798 Filed 8-29-16; 8:45 am]
BILLING CODE 4210-67-P