[Federal Register Volume 87, Number 215 (Tuesday, November 8, 2022)]
[Notices]
[Pages 67482-67483]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24314]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7056-N-44; OMB Control No. 2502-0041]


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

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

ACTION: Notice.

-----------------------------------------------------------------------

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 9, 2023.

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, REE, 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. HUD welcomes and is prepared to receive calls 
from individuals who are deaf or hard of hearing, as well as 
individuals with speech and communication disabilities. To learn more 
about how to make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, REE, 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. HUD welcomes and is prepared to receive calls from 
individuals who are deaf or hard of hearing, as well as individuals 
with speech and communication disabilities. To learn more about how to 
make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs. 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.

A. Overview of Information Collection

    Title of Information Collection: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    OMB Expiration Date: April 30, 2023.
    Type of Request: Extension of a 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: 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: 10 minutes.
    Total Estimated Burden: 228.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of

[[Page 67483]]

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.

Jeffrey D. Little,
General Deputy Assistant Secretary, Office of Housing.
[FR Doc. 2022-24314 Filed 11-7-22; 8:45 am]
BILLING CODE 4210-67-P