Notice2021-25572
60-Day Notice of Proposed Information Collection: Legal Instructions Concerning Applications for Full Insurance Benefits-Assignment of Multifamily and Healthcare Mortgages to the Secretary, OMB Control No.: 2510-0006
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 23, 2021
Issuing agencies
Housing and Urban Development Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 86 Issue 223 (Tuesday, November 23, 2021)</title>
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[Federal Register Volume 86, Number 223 (Tuesday, November 23, 2021)]
[Notices]
[Pages 66582-66583]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25572]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7044-N-02]
60-Day Notice of Proposed Information Collection: Legal
Instructions Concerning Applications for Full Insurance Benefits--
Assignment of Multifamily and Healthcare Mortgages to the Secretary,
OMB Control No.: 2510-0006
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: January 24, 2022.
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: Arnette Georges, Assistant General
Counsel for Multifamily Mortgage Division, Office of General Counsel,
Department of Housing and Urban Development, 451 7th Street SW, Room
10172, Washington, DC 20410-0500, telephone (202) 402-5257. 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. Foxx.
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: Legal Instructions Concerning
Applications for Full Insurance Benefits--Assignment of Multifamily and
Healthcare Mortgages to the Secretary.
OMB Approval Number: 2510-0006.
Type of Request: Extension of a currently approved collection.
Form Number: N/A.
Description of the need for the information and proposed use:
Mortgagees of FHA-insured mortgages may receive mortgage insurance
benefits upon assignment of mortgages to the Secretary. In connection
with the assignment, legal documents (e.g., mortgage, mortgage note,
security agreement, title insurance policy) must be submitted to the
Department. The instructions contained in the Legal Instructions
Concerning Applications for Full Insurance Benefits--Assigment of
Multifamily and Healthcare Mortgages describe the documents to be
submitted and the procedures for submission.
The Legal Instructions Concerning Applications for Full Insurance
Benefits--Assigment of Multifamily and Healthcare Mortgages, in its
current form and structure, can be found at <a href="https://www.hud.gov/sites/documents/leginstrfullinsben.pdf">https://www.hud.gov/sites/documents/leginstrfullinsben.pdf</a>.
[[Page 66583]]
HUD proposes to revise this document with clarifying changes and
updates to reflect current HUD requirements and policies, including
electronic submission for legal review, as well as current practices in
real estate, title insurance, hazard insurance and mortgage financing
transactions.
Agency form numbers, if applicable: HUD form 2510.
Members of affected public: FHA-approved Mortgagees and their
counsel who have or will have multifamily rental or healthcare loans.
Estimation of the total numbers of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response:
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Frequency of Total burden
Number of respondents Burden hours response hours
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110*................. 26.5 Occasion......... 2,915
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* This is the estimated number of respondents that could file a claim in
a given year.
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;
(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 or
revising the physical documentation requirements for electronically
filed or issued response; and
(5) Whether any updates may be made to replace the existing formal
legal language with plain language in the sample assignment documents
of the proposed collection of information.
HUD encourages interested parties to submit comment in response to
these questions.
C. Authority
12 U.S.C. 1701z-1 Research and Demonstrations.
Aaron Santa Anna,
Associate General Counsel for Legislation & Regulations.
[FR Doc. 2021-25572 Filed 11-22-21; 8:45 am]
BILLING CODE 4210-67-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.