80 FR 54581 - 60-Day Notice of Proposed Information Collection; Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily Mortgages to the Secretary

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 175 (September 10, 2015)

Page Range		54581-54582
FR Document		2015-22759

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.

Federal Register, Volume 80 Issue 175 (Thursday, September 10, 2015)

[Federal Register Volume 80, Number 175 (Thursday, September 10, 2015)]
[Notices]
[Pages 54581-54582]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-22759]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5830-N-06]


60-Day Notice of Proposed Information Collection; Legal 
Instructions Concerning Applications for Full Insurance Benefits--
Assignment of Multifamily Mortgages to the Secretary

AGENCY: Office of the General Counsel, 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: November 9, 2015.

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: Nacheshia Foxx, Reports Liaison 
Officer, Department of Housing and Urban Development, 451 Seventh 
Street SW., Room 10276, Washington, DC 20410-0500.

FOR FURTHER INFORMATION CONTACT: Millicent Potts, Assistant General 
Counsel for Multifamily Mortgage Division, Office of General Counsel, 
Department of Housing and Urban Development, 451 7th Street SW., Room 
9230, Washington, DC 20410-0500, telephone (202) 708-1274 (this is not 
a toll-free number) for a copy of the instructions.

SUPPLEMENTARY INFORMATION: The Department is submitting the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    This notice is soliciting comments from members of the public and 
affected agencies concerning the proposed collection of information to: 
(1) 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; (2) 
Evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Enhance the quality, utility, 
and clarity of the information to be collected; and (4) 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.
    This notice also lists the following information:
    Title of Proposal: Legal Instructions Concerning Applications for 
Full Insurance Benefits--Assignment of Multifamily Mortgage to the 
Secretary.
    OMB Control Number, if applicable: 2510-0006.
    Description of the need for the information and proposed use: 
Mortgagees of HUD-insured mortgages may receive mortgage insurance 
benefits upon assignment of mortgages to HUD. In connection with the 
assignment, legal documents (e.g., mortgage, mortgage note, security 
agreement, title insurance policiy) must be submitted to the 
Department. The instructions contained in the Legal Instructions 
Concerning Applications for Full Insurance Benefits--Assigment of 
Multifamily Mortgage describe the documents to be submitted and the 
procedures for submission.
    The Legal Instructions Concerning Applications for Full Insurance 
Benefits--Assigment of Multifamily Mortgage, in its current form and

[[Page 54582]]

structure, can be found at http://intraportal.hud.gov/hudportal/documents/huddoc?id=leginstrfullinsben.pdf.
    HUD proposes to make the following revisions to this document:
    Under Part B, Submissions of Legal Documents after Recordation of 
Assignment, HUD proposes to add a new paragraphs 12 and 13 to read as 
follows:
    12. Flood Insurance. If all or part of the building(s) included 
within the project are in a Special Flood Hazard Area (SFHA), 
acceptable proof of flood insurance coverage. This can be either the 
original flood insurance policy covering the building(s), a copy of the 
Flood Insurance Application and premium payment, a copy of the 
declarations page, or evidence of flood insurance, comprising flood 
insurance coverage equal to the lesser of the insurable value of the 
building(s) or the maximum amount of coverage available for that type 
of property under the National Flood Insurance Program (``NFIP'') (see 
www.fema.gov/business/nfip/manual.shtm). The flood insurance should 
name the mortgagee and the Secretary of Housing and Urban Development 
of Washington, DC, his/her successors and assigns as mortgagee and loss 
payee respectively. The flood insurance must be in effect at least 
through 11:59 p.m. on the date on which the assignment of mortgage is 
recorded. In addition, if the mortgagee submits evidence of flood 
insurance, the mortgagee must submit an affidavit that contains the 
following language and is otherwise acceptable to HUD:

    [Insert name of the mortgagee] affirms under penalty of law that 
the [describe flood insurance policy by name of insurance company or 
producer and policy number] described in the [Evidence of Insurance 
or other document name, as applicable] is in full force and effect 
and names the Secretary of Housing and Urban Development, of 
Washington, DC, his/her successors and assigns, 451 Seventh Street 
SW., Room 9230, Washington, DC 20410-0500 as loss payee as of 
[insert the date of assignment].

    The effective date of this endorsement and mortgagee's affidavit, 
if applicable, should be the date the assignment of mortgage to the 
Secretary is filed for record. The evidence of flood insurance is 
acceptable if it contains language to the effect that it is for 
informational purposes only and does not confer rights upon the holder 
of the policy only if accompanied by the mortgagee's affidavit. A 
Certificate of Insurance is not acceptable.
    13. An assignment of the mortgagee's interest in the flood 
insurance policy should state the following:
    The interest of ______, as the Mortgagee under Policy No. ____ 
issued by ______ is hereby assigned to the Secretary of Housing and 
Urban Development of Washington, DC, his/her successors and assigns. 
Date: ____
    Existing paragraphs 12 through 16 would be unchanged except for 
being redesignated paragraaphs 14 through 18.
    Agency form numbers, if applicable: N/A
    Members of affected public: Mortgagees when applying for insurance 
benefits from HUD.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

----------------------------------------------------------------------------------------------------------------
                                                                                  Frequency of     Total burden
                    Number of respondents                        Burden hours       response          hours
----------------------------------------------------------------------------------------------------------------
359..........................................................              26                1            9,334
----------------------------------------------------------------------------------------------------------------

    Status of the proposed information collection: Extension of a 
currently approved collection.

    Authority: The Paperwork Reduction Act of 1995, 44 U.S.C. 
Chapter 35, as amended.

    Dated: September 3, 2015.
Camille E. Acevedo,
Associate General Counsel for Regulations and Legislation.
[FR Doc. 2015-22759 Filed 9-9-15; 8:45 am]
BILLING CODE 4210-67-P

Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices 54581

for the proper performance of the OMB Control Number, if applicable: Each applicant that submits an
functions of the agency, including 2510–0011. application for assistance, within the
whether the information will have Description of the need for the jurisdiction of the HUD, to a state or to
practical utility; (2) Evaluate the information and proposed use: Section a unit of general local government for a
accuracy of the agency’s estimate of the 102 of the Department of Housing and specific project or activity must disclose
burden of the proposed collection of this information whenever the dollar
Urban Development Reform Act of 1989
information; (3) Enhance the quality, threshold is met. This information must
(HUD Reform Act) requires the
utility, and clarity of the information to be kept updated during the application
Department to ensure greater review process and while the assistance
be collected; and (4) Minimize the accountability and integrity in the
burden of the collection of information is being provided.
provision of assistance administered by Agency form numbers, if applicable:
on those who are to respond; including
the Department. One feature of the HUD 2880.
through the use of appropriate
statute requires certain disclosures by Members of affected public:
automated collection techniques or
applicants seeking assistance from HUD, Applicants for HUD competitively
other forms of information technology,
assistance from states and units of local funded assistance.
e.g., permitting electronic submission of
government, and other assistance to be Estimation of the total numbers of
responses.
used with respect to the activities to be hours needed to prepare the information
This Notice also lists the following carried out with the assistance. The collection including number of
information: disclosure includes the financial respondents, frequency of response, and
Title of Proposal: Accountability in interests of persons in the activities, and hours of response: The form, HUD 2880,
the Provision of HUD Assistance the sources of funds to be made must be submitted as part of an
‘‘Applicant/Recipient Disclosure/ available for the activities, and the applicant’s application for
Update Report’’. proposed uses of the funds. competitively funded assistance.

Frequency of Total burden
Number of respondents Burden hours response hours

16,900 .......................................................................................................................................... 2.0 1.2 40,560

Status of the proposed information DATES: Comments Due Date: November estimate of the burden of the proposed
collection: Extension of a currently 9, 2015. collection of information; (3) Enhance
approved collection. ADDRESSES: Interested persons are the quality, utility, and clarity of the
Authority: The Paperwork Reduction Act invited to submit comments regarding information to be collected; and (4)
of 1995, 44 U.S.C. Chapter 35, as amended. this proposal. Comments should refer to Minimize the burden of the collection of
the proposal by name and/or OMB information on those who are to
Dated: September 2, 2015.
Control Number and should be sent to: respond; including through the use of
Camille E. Acevedo, appropriate automated collection
Nacheshia Foxx, Reports Liaison
Associate General Counsel for Legislation and techniques or other forms of information
Officer, Department of Housing and
Regulations. technology, e.g., permitting electronic
Urban Development, 451 Seventh Street
[FR Doc. 2015–22734 Filed 9–9–15; 8:45 am] submission of responses.
SW., Room 10276, Washington, DC
BILLING CODE 4210–67–P
20410–0500. This notice also lists the following
FOR FURTHER INFORMATION CONTACT:
information:
Title of Proposal: Legal Instructions
DEPARTMENT OF HOUSING AND Millicent Potts, Assistant General
Concerning Applications for Full
URBAN DEVELOPMENT Counsel for Multifamily Mortgage
Insurance Benefits—Assignment of
Division, Office of General Counsel,
Multifamily Mortgage to the Secretary.
Department of Housing and Urban OMB Control Number, if applicable:
[Docket No. FR–5830–N–06] Development, 451 7th Street SW., Room 2510–0006.
60-Day Notice of Proposed Information 9230, Washington, DC 20410–0500, Description of the need for the
Collection; Legal Instructions telephone (202) 708–1274 (this is not a information and proposed use:
Concerning Applications for Full toll-free number) for a copy of the Mortgagees of HUD-insured mortgages
Insurance Benefits—Assignment of instructions. may receive mortgage insurance benefits
Multifamily Mortgages to the Secretary SUPPLEMENTARY INFORMATION: The upon assignment of mortgages to HUD.
Department is submitting the proposed In connection with the assignment, legal
AGENCY: Office of the General Counsel, information collection to OMB for documents (e.g., mortgage, mortgage
HUD. review, as required by the Paperwork note, security agreement, title insurance
ACTION: Notice. Reduction Act of 1995 (44 U.S.C. policiy) must be submitted to the
Chapter 35, as amended). Department. The instructions contained
SUMMARY: HUD is seeking approval from This notice is soliciting comments in the Legal Instructions Concerning
the Office of Management and Budget from members of the public and affected Applications for Full Insurance
mstockstill on DSK4VPTVN1PROD with NOTICES

(OMB) for the information collection agencies concerning the proposed Benefits—Assigment of Multifamily
described below. In accordance with the collection of information to: (1) Evaluate Mortgage describe the documents to be
Paperwork Reduction Act, HUD is whether the proposed collection of submitted and the procedures for
requesting comment from all interested information is necessary for the proper submission.
parties on the proposed collection of performance of the functions of the The Legal Instructions Concerning
information. The purpose of this notice agency, including whether the Applications for Full Insurance
is to allow for 60 days of public information will have practical utility; Benefits—Assigment of Multifamily
comment. (2) Evaluate the accuracy of the agency’s Mortgage, in its current form and

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54582 Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices

structure, can be found at http:// Secretary of Housing and Urban the effect that it is for informational
intraportal.hud.gov/hudportal/ Development of Washington, DC, his/ purposes only and does not confer
documents/ her successors and assigns as mortgagee rights upon the holder of the policy only
huddoc?id=leginstrfullinsben.pdf. and loss payee respectively. The flood if accompanied by the mortgagee’s
HUD proposes to make the following insurance must be in effect at least affidavit. A Certificate of Insurance is
revisions to this document: through 11:59 p.m. on the date on not acceptable.
Under Part B, Submissions of Legal which the assignment of mortgage is 13. An assignment of the mortgagee’s
Documents after Recordation of recorded. In addition, if the mortgagee interest in the flood insurance policy
Assignment, HUD proposes to add a submits evidence of flood insurance, the should state the following:
new paragraphs 12 and 13 to read as mortgagee must submit an affidavit that The interest of llllll, as the
follows: contains the following language and is Mortgagee under Policy No. llll
12. Flood Insurance. If all or part of otherwise acceptable to HUD: issued by llllll is hereby
the building(s) included within the
[Insert name of the mortgagee] affirms assigned to the Secretary of Housing and
project are in a Special Flood Hazard
under penalty of law that the [describe flood Urban Development of Washington, DC,
Area (SFHA), acceptable proof of flood
insurance policy by name of insurance his/her successors and assigns.
insurance coverage. This can be either
the original flood insurance policy
company or producer and policy number] Date: llll
described in the [Evidence of Insurance or Existing paragraphs 12 through 16
covering the building(s), a copy of the other document name, as applicable] is in
Flood Insurance Application and full force and effect and names the Secretary
would be unchanged except for being
premium payment, a copy of the of Housing and Urban Development, of redesignated paragraaphs 14 through 18.
declarations page, or evidence of flood Washington, DC, his/her successors and Agency form numbers, if applicable:
insurance, comprising flood insurance assigns, 451 Seventh Street SW., Room 9230, N/A
coverage equal to the lesser of the Washington, DC 20410–0500 as loss payee as Members of affected public:
insurable value of the building(s) or the of [insert the date of assignment]. Mortgagees when applying for insurance
maximum amount of coverage available The effective date of this endorsement benefits from HUD.
for that type of property under the and mortgagee’s affidavit, if applicable, Estimation of the total numbers of
National Flood Insurance Program should be the date the assignment of hours needed to prepare the information
(‘‘NFIP’’) (see www.fema.gov/business/ mortgage to the Secretary is filed for collection including number of
nfip/manual.shtm). The flood insurance record. The evidence of flood insurance respondents, frequency of response, and
should name the mortgagee and the is acceptable if it contains language to hours of response:

Frequency of Total burden
Number of respondents Burden hours response hours

359 ............................................................................................................................................... 26 1 9,334

Status of the proposed information purpose of this notice is to allow for an seeking approval from OMB for the
collection: Extension of a currently additional 30 days of public comment. information collection described in
approved collection. DATES: Comments Due Date: October 13, Section A.
Authority: The Paperwork Reduction Act 2015. The Federal Register notice that
of 1995, 44 U.S.C. Chapter 35, as amended. ADDRESSES: Interested persons are solicited public comment on the
Dated: September 3, 2015. invited to submit comments regarding information collection for a period of 60
Camille E. Acevedo, this proposal. Comments should refer to days was published on June 30, 2015 at
the proposal by name and/or OMB 80 FR 37285.
Associate General Counsel for Regulations
and Legislation. Control Number and should be sent to: A. Overview of Information Collection
[FR Doc. 2015–22759 Filed 9–9–15; 8:45 am] HUD Desk Officer, Office of
Management and Budget, New Title of Information Collection:
BILLING CODE 4210–67–P
Executive Office Building, Washington, Neighborhood Stabilization Program 2
DC 20503; fax: 202–395–5806. Email: (NSP2) Reporting.
DEPARTMENT OF HOUSING AND OIRA_Submission@omb.eop.gov. OMB Approval Number: 2506–0185.
URBAN DEVELOPMENT FOR FURTHER INFORMATION CONTACT: Type of Request: Extension of
Colette Pollard, Reports Management previously approved collection.
[Docket No. FR–5831–N–43] Officer, QMAC, Department of Housing Form Number: N/A.
and Urban Development, 451 7th Street Description of the need for the
30-Day Notice of Proposed Information SW., Washington, DC 20410; email information and proposed use: This
Collection: Neighborhood Stabilization Colette Pollard at Colette.Pollard@ information describes the reporting and
Program 2 (NSP2) Reporting hud.gov or telephone 202–402–3400. recordkeeping requirements of the
AGENCY: Office of the Chief Information This is not a toll-free number. Persons Neighborhood Stabilization Program 2
Officer, HUD. with hearing or speech impairments (NSP2). The data required includes
may access this number through TTY by
mstockstill on DSK4VPTVN1PROD with NOTICES

ACTION: Notice. program level, project level and
calling the toll-free Federal Relay beneficiary level information collected
SUMMARY: HUD has submitted the Service at (800) 877–8339. and reported on by NSP2 grantees. The
proposed information collection Copies of available documents data identifies who benefits from the
requirement described below to the submitted to OMB may be obtained NSP2 program and how statutory
Office of Management and Budget from Ms. Pollard. requirement are satisfied. The
(OMB) for review, in accordance with SUPPLEMENTARY INFORMATION: This respondents are State, local government,
the Paperwork Reduction Act. The notice informs the public that HUD is non-profit and consortium applicants.

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Document Created: 2015-12-15 10:04:23
Document Modified: 2015-12-15 10:04:23

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Contact		Millicent Potts, Assistant General Counsel for Multifamily Mortgage Division, Office of General Counsel, Department of Housing and Urban Development, 451 7th Street SW., Room 9230, Washington, DC 20410-0500, telephone (202) 708-1274 (this is not a toll-free number) for a copy of the instructions.
FR Citation		80 FR 54581