81_FR_42494 81 FR 42369 - 60-Day Notice of Proposed Information Collection: Multifamily Default Status Report

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)

Page Range42369-42369
FR Document2016-15421

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 Issue 125 (Wednesday, June 29, 2016) 
[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

Federal Register / Vol. 81, No. 125 / Wednesday, June 29, 2016 / Notices 42369 Number of Frequency Responses Burden hour Annual burden Hourly cost Information collection Annual cost respondents of response per annum per response hours per response Total ...................... ........................ ........................ 650 ........................ 11,548 ........................ ........................ B. Solicitation of Public Comment ADDRESSES: Interested persons are information submitted in MDDR as an This notice is soliciting comments invited to submit comments regarding early warning mechanism. HUD field from members of the public and affected this proposal. Comments should refer to office and Headquarters staff use the parties concerning the collection of the proposal by name and/or OMB data to (a) monitor mortgagee information described in Section A on Control Number and should be sent to: compliance with HUD’s loan servicing the following: Colette Pollard, Reports Management procedures and assignments; and (b) (1) Whether the proposed collection Officer, QDAM, Department of Housing potentially avoid mortgage assignments. of information is necessary for the and Urban Development, 451 7th Street This information is submitted proper performance of the functions of SW., Room 4176, Washington, DC electronically via the Internet. the agency, including whether the 20410–5000; telephone 202–402–3400 (this is not a toll-free number) or email Respondents (i.e. affected public): 50. information will have practical utility; (2) The accuracy of the agency’s at Colette.Pollard@hud.gov for a copy of Estimated Number of Respondents: estimate of the burden of the proposed the proposed forms or other available 50. collection of information; information. Persons with hearing or Estimated Number of Responses: (3) Ways to enhance the quality, speech impairments may access this 4,533. utility, and clarity of the information to number through TTY by calling the toll- be collected; and free Federal Relay Service at (800) 877– Frequency of Response: 0.1666. (4) Ways to minimize the burden of 8339. Average Hours per Response: 10 the collection of information on those FOR FURTHER INFORMATION CONTACT: minutes. who are to respond; including through Robert Iber, Acting Director, Office of Total Estimated Burden: 755. the use of appropriate automated Asset Management and Portfolio collection techniques or other forms of Oversight, Department of Housing and B. Solicitation of Public Comment information technology, e.g., permitting Urban Development, 451 7th Street SW., electronic submission of responses. This notice is soliciting comments Washington, DC 20410; email HUD encourages interested parties to from members of the public and affected robert.g.iber@hud.gov or telephone (202) submit comments in response to these 402–2472. This is not a toll-free number. parties concerning the collection of questions. Persons with hearing or speech information described in Section A on Authority: Section 3507 of the Paperwork impairments may access this number the following: Reduction Act of 1995, 44 U.S.C. Chapter 35. through TTY by calling the toll-free (1) Whether the proposed collection Dated: June 23, 2016. Federal Relay Service at (800) 877–8339. of information is necessary for the Anna P. Guido, Copies of available documents proper performance of the functions of Department Paperwork Reduction Act Officer, submitted to OMB may be obtained the agency, including whether the Office of the Chief Information Officer. from Ms. Pollard. information will have practical utility; [FR Doc. 2016–15432 Filed 6–28–16; 8:45 am] SUPPLEMENTARY INFORMATION: This (2) The accuracy of the agency’s BILLING CODE 4210–67–P notice informs the public that HUD is estimate of the burden of the proposed seeking approval from OMB for the collection of information; information collection described in DEPARTMENT OF HOUSING AND Section A. (3) Ways to enhance the quality, URBAN DEVELOPMENT utility, and clarity of the information to A. Overview of Information Collection be collected; and [Docket No. FR–5913–N–14] Title of Information Collection: (4) Ways to minimize the burden of 60-Day Notice of Proposed Information Multifamily Default Status Report. the collection of information on those Collection: Multifamily Default Status OMB Approval Number: 2502–0041. who are to respond; including through Report Type of Request: Extension of the use of appropriate automated currently approved collection. collection techniques or other forms of AGENCY: Office of the Assistant Form Number: 92426. information technology, e.g., permitting Secretary for Housing—Federal Housing Description of the need for the Commissioner, HUD. electronic submission of responses. information and proposed use: ACTION: Notice. Mortgagees servicing FHA-insured HUD encourages interested parties to mortgages use this information submit comment in response to these SUMMARY: HUD is seeking approval from collection to notify HUD that a project questions. the Office of Management and Budget owner is delinquent (15–20 days past Authority: Section 3507 of the Paperwork (OMB) for the information collection due) or in default (30 days past due) on Reduction Act of 1995, 44 U.S.C. Chapter 35. described below. In accordance with the its mortgage payment. They also use the Paperwork Reduction Act, HUD is system to submit an election to assign Dated: June 23, 2016. mstockstill on DSK3G9T082PROD with NOTICES requesting comment from all interested a defaulted mortgage to HUD (refer to Janet M. Golrick, parties on the proposed collection of regulations at 24 CFR 207.256) by the Associate General Deputy Assistant Secretary information. The purpose of this notice 75th day from the date of default. To for Housing—Associate Deputy Federal is to allow for 60 days of public avoid assignment of mortgage, which is Housing Commissioner. comment. costly to the government, HUD and the [FR Doc. 2016–15421 Filed 6–28–16; 8:45 am] DATES: Comments Due Date: August 29, mortgagor may develop a plan for BILLING CODE 4210–67–P 2016. reinstating the loan since HUD uses the VerDate Sep<11>2014 17:18 Jun 28, 2016 Jkt 238001 PO 00000 Frm 00062 Fmt 4703 Sfmt 9990 E:\FR\FM\29JNN1.SGM 29JNN1


Document Created: 2018-02-08 07:42:54
Document Modified: 2018-02-08 07:42:54
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesComments Due Date: August 29, 2016.
ContactRobert 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.
FR Citation81 FR 42369 
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