[Federal Register Volume 89, Number 46 (Thursday, March 7, 2024)]
[Notices]
[Pages 16586-16587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04787]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7086-N-06]


60-Day Notice of Proposed Information Collection: Mortgagee's 
Application for Partial Settlement (Multifamily Mortgage); OMB Control 
No.: 2502-0427

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: May 6, 2024.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection can be sent 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 should be sent to: Colette Pollard, 
Reports Management Officer, REE, Department of Housing and Urban 
Development, 451 7th Street SW, Room 8210, Washington, DC 20410-5000; 
telephone 202-402-3577 (this is not a toll-free number) or email: 
[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 or 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: Mortgagee's Application for 
Partial Settlement (Multifamily Mortgage).
    OMB Approval Number: 2502-0427.
    OMB Expiration Date: August 31, 2024.
    Type of Request: Extension of a currently approved collection.
    Form Number: HUD-2537, HUD-2747, HUD-1044-D.
    Description of the need for the information and proposed use: When 
a Federal Housing Administration 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 
form HUD-2537, Mortgagee's Application for Partial Settlement 
(Multifamily Mortgage), prior to assignment. Once the email or telefax 
is received with form HUD-2537, HUD pays 70 or 90% of the Unpaid 
Principal Balance (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 form HUD-2537 and 
the UPB 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.
    Estimated Burden: 193 hours.

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.

[[Page 16587]]

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. 2024-04787 Filed 3-6-24; 8:45 am]
BILLING CODE 4210-67-P