[Federal Register Volume 89, Number 169 (Friday, August 30, 2024)]
[Notices]
[Pages 70657-70658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-19571]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7080-N-46]


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

AGENCY: Office of Policy Development and Research, Chief Data Officer, 
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 an additional 30 days of 
public comment.

DATES: Comments Due Date: September 30, 2024.

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.regulations.gov or www.reginfo.gov/public/do/PRAMain.

[[Page 70658]]

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, REE, Department of Housing and Urban Development, 7th Street 
SW, Room 8210, Washington, DC 20410; email [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.
    The Federal Register notice that solicited public comment on the 
information collection for a period of 60 days was published on March 
7, 2024 at 89 FR 16586.

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.

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 Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2024-19571 Filed 8-29-24; 8:45 am]
BILLING CODE 4210-67-P