Notice2022-08329
Proposed Collection; Requesting Comments on Obligations Principally Secured by an Interest in Real Property
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
April 19, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning modifications of commercial mortgage loans held by a real estate mortgage investment conduit.
Full Text
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<title>Federal Register, Volume 87 Issue 75 (Tuesday, April 19, 2022)</title>
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[Federal Register Volume 87, Number 75 (Tuesday, April 19, 2022)]
[Notices]
[Page 23323]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-08329]
[[Page 23323]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Obligations
Principally Secured by an Interest in Real Property
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 information
collections, as required by the Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning modifications of commercial
mortgage loans held by a real estate mortgage investment conduit.
DATES: Written comments should be received on or before June 21, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#56393b347823383f22163f242578313920"><span class="__cf_email__" data-cfemail="89e6e4eba7fce7e0fdc9e0fbfaa7eee6ff">[email protected]</span></a>. Include 1545-2110 or
Obligations principally secured by an interest in real property, in the
subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to LaNita Van Dyke, 202-
317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet at
<a href="/cdn-cgi/l/email-protection#c985a8a7a0bda8e79fa8a78db0a2ac89a0bbbae7aea6bf"><span class="__cf_email__" data-cfemail="e0ac818e899481ceb6818ea4998b85a0899293ce878f96">[email protected]</span></a>.
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.
Request For Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: April 14, 2022.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2022-08329 Filed 4-18-22; 8:45 am]
BILLING CODE 4830-01-P
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