[Federal Register Volume 88, Number 128 (Thursday, July 6, 2023)]
[Notices]
[Pages 43135-43136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14229]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7071-N-11]


60-Day Notice of Proposed Information Collection: Mortgage 
Insurance Termination, Application for Premium Refund, Tracer Claimant 
Refund Case Request, Online HUD-27050-B; OMB Control No.: 2502-0414

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 60 days of public comment.

DATES: Comments Due Date: September 5, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection can be submitted within 60 days of publication 
of this notice to www.reginfo.gov/public/do/PRAMain. Find this 
particular information collection by selecting ``Currently under 60-day 
Review--Open for Public Comments'' or by using the search function. 
Interested persons are also invited to submit comments regarding this 
proposal by name and/or OMB Control Number and can be sent

[[Page 43136]]

to: Colette Pollard, Reports Management Officer, REE, Department of 
Housing and Urban Development, 451 7th Street SW, Room 8210, 
Washington, DC 20410-5000 or email at 
[email protected].

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: Mortgage Insurance Termination 
Application for Premium Refund, Tracer Claimant Refund Case Request.
    OMB Approval Number: OMB-2502-0414.
    OMB Expiration Date: 12/31/2023.
    Type of Request: Revision of currently approved OMB collection.
    Form Number: Mortgage Insurance Termination HUD-27050-A is 
submitted electronically; Application for Premium Refund HUD-27050-B.
    Description of the need for the information and proposed use: 
Mortgage Insurance Termination information is used by servicing 
mortgagees to comply with HUD requirements for reporting termination of 
FHA mortgage insurance. This information is used whenever FHA mortgage 
insurance is terminated and no claim for insurance benefits will be 
filed. This information is submitted on the internet or via EDI and is 
used to issue mortgage insurance premium (MIP) refunds directly to 
eligible claimants. This condition occurs when the form passes the 
criteria of certain system edits. As a result, the system generates a 
disbursement to the eligible claimant for the refund consisting of the 
unused portion of the paid premium. The information collected is used 
to update HUD's Single Family Insurance System. The billing of mortgage 
insurance premiums is discontinued as a result of the transaction. 
Without this information, the premium collection/monitoring function 
would be severely impeded and program data would be unreliable. 
Currently when the form is processed but does not pass the criteria in 
the series of system edits, the system generates the HUD 27050-B 
Application for Premium Refund for the claimant to complete and return 
to HUD for further processing of the refund. In general, a Premium 
Refund is the difference between the amount of prepaid premium and the 
amount of the premium that has been earned by HUD up to the time the 
mortgage is terminated. The Tracer Claimant Refund Case Request is used 
to collect information on the claimant from the tracer.

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                                    Number of      Frequency of    Total annual      Hours per     Total annual
     Information collection        respondents       response        responses       response          hours
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Mortgage Insurance Termination            1,898  Varies                1,310,031            0.08         104,802
 HUD-27050-A.
Application for Premium Refund           10,394  1                        10,394            0.25           2,599
 HUD-27050-B.
Tracer--Claimant Refund Case                360  1                           360             .25              90
 Request.
Online Application for Premium           15,592  1                        15,592             .25           3,898
 Refund HUD 27050-B.
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    Totals.....................          28,244  ...............       1,336,377  ..............         111,389
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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 comments 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 for Housing.
[FR Doc. 2023-14229 Filed 7-5-23; 8:45 am]
BILLING CODE 4210-67-P