[Federal Register Volume 84, Number 207 (Friday, October 25, 2019)]
[Notices]
[Pages 57463-57464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23396]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7011-N-45]


30-Day Notice of Proposed Information Collection: Multifamily 
Default Status Report; OMB Control No.: 2502-0041

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for an additional 30 days of 
public comment.

DATES: Comments Due Date: November 25, 2019.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW, Room 4176, Washington, DC 20410-5000; telephone 202-
402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Brian Murray, Acting Director, Office 
of Asset Management and Portfolio Oversight, Department of Housing and 
Urban Development, 451 7th Street SW, Washington, DC 20410; email 
[email protected] or telephone at (202) 402-2059. 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 comments 
on the information for a period of 60 days was published on April 26, 
2019.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    OMB Expiration Date: 10/31/19.
    Type of Request: Revision of currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: The 
regulations at 24 CFR 207.256, 24 CFR 207.256a, and 24 CFR 207.258 
require a mortgagee to notify HUD when a mortgage payment is in default 
(more than 30 days past due), when a mortgage has been reinstated, and 
to submit an election to assign a defaulted loan to HUD within a 
specified timeframe from the date of default. The regulation at 24 CFR 
200, Subpart B, requires lenders to submit delinquency, default, 
election to assign, and other related loan information statuses 
electronically to HUD. Lenders previously used HUD Form 92426 for these 
submissions, however, with the implementation of the regulation 
requiring electronic notification, the Multifamily Delinquency and 
Default Reporting System (MDDR) was established to replace the paper 
form HUD-92426. HUD uses the information as an early warning mechanism 
to work with project owners and lenders to develop a plan that will 
reinstate a loan and avoid an insurance claim. It also provides HUD 
staff a mechanism for mortgagee compliance with HUD's loan servicing 
procedures and assignments.
    Respondents (i.e., affected public): Respondents are FHA-approved 
multifamily lenders (business or other for-profit).
    Estimated Number of Respondents: 114.
    Estimated Number of Responses: 1368.
    Frequency of Response: 12.
    Average Hours per Response: .17.
    Total Estimated Burden: 232.56.

[[Page 57464]]

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.

C. Authority

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

    Dated: October 17, 2019.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2019-23396 Filed 10-24-19; 8:45 a.m.]
 BILLING CODE 4210-67-P