81 FR 42369 - 60-Day Notice of Proposed Information Collection: Multifamily Default Status Report

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 81, Issue 125 (June 29, 2016)

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 81, Number 125 (Wednesday, June 29, 2016)]
[Notices]
[Page 42369]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15421]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5913-N-14]


60-Day Notice of Proposed Information Collection: Multifamily 
Default Status Report

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: August 29, 2016.

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: Colette Pollard, Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 7th Street SW., Room 4176, Washington, DC 20410-5000; telephone 
202-402-3400 (this is not a toll-free number) or email at 
[email protected] for a copy of the proposed forms or other 
available information. Persons with hearing or speech impairments may 
access this number through TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.

FOR FURTHER INFORMATION CONTACT: Robert Iber, Acting Director, Office 
of Asset Management and Portfolio Oversight, Department of Housing and 
Urban Development, 451 7th Street SW., Washington, DC 20410; email 
[email protected] or telephone (202) 402-2472. This is not a toll-
free number. Persons with hearing or speech impairments may access this 
number through TTY by calling the toll-free Federal Relay Service at 
(800) 877-8339.
    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: Multifamily Default Status Report.
    OMB Approval Number: 2502-0041.
    Type of Request: Extension of currently approved collection.
    Form Number: 92426.
    Description of the need for the information and proposed use: 
Mortgagees servicing FHA-insured mortgages use this information 
collection to notify HUD that a project owner is delinquent (15-20 days 
past due) or in default (30 days past due) on its mortgage payment. 
They also use the system to submit an election to assign a defaulted 
mortgage to HUD (refer to regulations at 24 CFR 207.256) by the 75th 
day from the date of default. To avoid assignment of mortgage, which is 
costly to the government, HUD and the mortgagor may develop a plan for 
reinstating the loan since HUD uses the information submitted in MDDR 
as an early warning mechanism. HUD field office and Headquarters staff 
use the data to (a) monitor mortgagee compliance with HUD's loan 
servicing procedures and assignments; and (b) potentially avoid 
mortgage assignments. This information is submitted electronically via 
the Internet.
    Respondents (i.e. affected public): 50.
    Estimated Number of Respondents: 50.
    Estimated Number of Responses: 4,533.
    Frequency of Response: 0.1666.
    Average Hours per Response: 10 minutes.
    Total Estimated Burden: 755.

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.

     Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35.

    Dated: June 23, 2016.
Janet M. Golrick,
Associate General Deputy Assistant Secretary for Housing--Associate 
Deputy Federal Housing Commissioner.
[FR Doc. 2016-15421 Filed 6-28-16; 8:45 am]
 BILLING CODE 4210-67-P