[Federal Register Volume 90, Number 94 (Friday, May 16, 2025)]
[Notices]
[Pages 21128-21129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08745]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request for Tests for Determining Whether 
an Obligation Is Principally Secured

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the public and other 
Federal agencies to take this opportunity to comment on proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. Currently, the IRS is soliciting comments 
concerning modifications of commercial mortgage loans held by a real 
estate mortgage investment conduit.

[[Page 21129]]


DATES: Written comments should be received on or before July 15, 2025 
to be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 60 days of publication of 
this notice to [email protected]. Please include, ``OMB Number: 
1545-2110--Public Comment Request Notice'' in the Subject line. 
Requests for additional information or copies of this collection can be 
directed to Ronald J. Durbala, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Obligations principally secured by an interest in real 
property.
    OMB Number: 1545-2110.
    Form Number: TD 9463.
    Abstract: This collection covers final regulations under section 
1.860G-2 that expand the list of permitted loan modifications to 
include certain modifications that are often made to commercial 
mortgages. The collection of information in this regulation is in 
section 1.860G-2(b) (7). To establish that the 80-percent test is met 
at the time of modification, the servicer must obtain an appraisal or 
some other form of commercially reasonable valuation (the appraisal 
requirement). This information is required to show that modifications 
to mortgages permitted will not cause the modified mortgage to cease to 
be a qualified mortgage.
    Current Actions: There is no change to the burden previously 
approved.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 375.
    Estimated Time per Respondent: 8 hrs.
    Estimated Total Annual Burden Hours: 3,000.
    The following paragraph applies to all the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number.
    Books or records relating to a collection of information must be 
retained if their contents may become material in the administration of 
any internal revenue law. Generally, tax returns and tax return 
information are confidential, as required by 26 U.S.C. 6103.
    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate 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.
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used.
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: May 12, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025-08745 Filed 5-15-25; 8:45 am]
BILLING CODE 4830-01-P