[Federal Register Volume 86, Number 34 (Tuesday, February 23, 2021)]
[Notices]
[Pages 10992-10993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03553]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7034-N-10; OMB Control No. 2502-0427]


30-Day Notice of Proposed Information Collection: Mortgagee's 
Application for Partial Settlement (Multifamily Mortgage)

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: March 25, 2021.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/StartPrintedPage15501PRAMain. 
Find this particular information collection by selecting ``Currently 
under 30-day Review--Open for Public Comments'' or by using the search 
function.

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 
[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.

[[Page 10993]]


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 December 17, 2020.

A. Overview of Information Collection

    Title of Information Collection: Mortgagee's Application for 
Partial Settlement (Multifamily Mortgage).
    OMB Approval Number: 2502-0427.
    OMB Expiration Date: 12/31/2020.
    Type of Request: Revision of a currently approved collection.
    Form Numbers: HUD-2537, HUD-2747, HUD-1044-D.
    Description of the need for the information and proposed use: When 
a FHA insured Multifamily mortgage goes into default, the Mortgagee may 
file a claim with the Secretary to receive the insurance benefits. The 
Mortgagee is required by HUD to furnish HUD Form 2537 prior to 
receiving the telefax. Once the telefax arrives, HUD pays 70 or 90% of 
the UPB plus interest within 24 to 48 hours after assignment or 
conveyance. Interest will continue to accrue on the claim until the 
partial settlement is paid. Interest paid on each claim is based on the 
default date, the escrows reported on HUD form 2537 and the Unpaid 
Principal Balance reported.
    Respondents: Business or other for-profit; State, Local, or Tribal 
Government.
    Estimated Number of Respondents: 110.
    Estimated Number of Responses: 110.
    Frequency of Response: 1.
    Average Hours per Response: 1.75.
    Total Estimated Burden: 193.

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.
    (5) ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    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.

Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2021-03553 Filed 2-22-21; 8:45 am]
BILLING CODE 4210-67-P