[Federal Register Volume 86, Number 223 (Tuesday, November 23, 2021)]
[Notices]
[Pages 66582-66583]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25572]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7044-N-02]


60-Day Notice of Proposed Information Collection: Legal 
Instructions Concerning Applications for Full Insurance Benefits--
Assignment of Multifamily and Healthcare Mortgages to the Secretary, 
OMB Control No.: 2510-0006

AGENCY: Office of the General Counsel, 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 60 days of public comment.

DATES: Comments Due Date: January 24, 2022.

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: Nacheshia Foxx, Reports Liaison 
Officer, Department of Housing and Urban Development, 451 Seventh 
Street SW, Room 10276, Washington, DC 20410-0500.

FOR FURTHER INFORMATION CONTACT: Arnette Georges, Assistant General 
Counsel for Multifamily Mortgage Division, Office of General Counsel, 
Department of Housing and Urban Development, 451 7th Street SW, Room 
10172, Washington, DC 20410-0500, telephone (202) 402-5257. 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. Foxx.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for the information collection described in 
Section A.

A. Overview of Information Collection

    Title of Information Collection: Legal Instructions Concerning 
Applications for Full Insurance Benefits--Assignment of Multifamily and 
Healthcare Mortgages to the Secretary.
    OMB Approval Number: 2510-0006.
    Type of Request: Extension of a currently approved collection.
    Form Number: N/A.
    Description of the need for the information and proposed use: 
Mortgagees of FHA-insured mortgages may receive mortgage insurance 
benefits upon assignment of mortgages to the Secretary. In connection 
with the assignment, legal documents (e.g., mortgage, mortgage note, 
security agreement, title insurance policy) must be submitted to the 
Department. The instructions contained in the Legal Instructions 
Concerning Applications for Full Insurance Benefits--Assigment of 
Multifamily and Healthcare Mortgages describe the documents to be 
submitted and the procedures for submission.
    The Legal Instructions Concerning Applications for Full Insurance 
Benefits--Assigment of Multifamily and Healthcare Mortgages, in its 
current form and structure, can be found at https://www.hud.gov/sites/documents/leginstrfullinsben.pdf.

[[Page 66583]]

    HUD proposes to revise this document with clarifying changes and 
updates to reflect current HUD requirements and policies, including 
electronic submission for legal review, as well as current practices in 
real estate, title insurance, hazard insurance and mortgage financing 
transactions.
    Agency form numbers, if applicable: HUD form 2510.
    Members of affected public: FHA-approved Mortgagees and their 
counsel who have or will have multifamily rental or healthcare loans.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

------------------------------------------------------------------------
                                          Frequency of     Total burden
Number of respondents   Burden hours        response           hours
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110*.................            26.5  Occasion.........           2,915
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* This is the estimated number of respondents that could file a claim in
  a given year.

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;
    (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 or 
revising the physical documentation requirements for electronically 
filed or issued response; and
    (5) Whether any updates may be made to replace the existing formal 
legal language with plain language in the sample assignment documents 
of the proposed collection of information.
    HUD encourages interested parties to submit comment in response to 
these questions.

C. Authority

    12 U.S.C. 1701z-1 Research and Demonstrations.

Aaron Santa Anna,
Associate General Counsel for Legislation & Regulations.
[FR Doc. 2021-25572 Filed 11-22-21; 8:45 am]
BILLING CODE 4210-67-P