Notice2022-24314
60-Day Notice of Proposed Information Collection: Multifamily Default Status Report
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 8, 2022
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 87 Issue 215 (Tuesday, November 8, 2022)</title>
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[Federal Register Volume 87, Number 215 (Tuesday, November 8, 2022)]
[Notices]
[Pages 67482-67483]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-24314]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-7056-N-44; OMB Control No. 2502-0041]
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: January 9, 2023.
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, REE, 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
<a href="/cdn-cgi/l/email-protection#d695b9bab3a2a2b3f886b9babab7a4b296bea3b2f8b1b9a0"><span class="__cf_email__" data-cfemail="63200c0f061717064d330c0f0f021107230b16074d040c15">[email protected]</span></a> for a copy of the proposed forms or other
available information. HUD welcomes and is prepared to receive calls
from individuals who are deaf or hard of hearing, as well as
individuals with speech and communication disabilities. To learn more
about how to make an accessible telephone call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, REE, Department of Housing and Urban Development, 451 7th
Street SW, Washington, DC 20410; email Colette Pollard at
<a href="/cdn-cgi/l/email-protection#5f1c30333a2b2b3a710f3033333e2d3b1f372a3b71383029"><span class="__cf_email__" data-cfemail="23604c4f465757460d734c4f4f425147634b56470d444c55">[email protected]</span></a> or telephone 202-402-3400. This is not a toll-
free number. HUD welcomes and is prepared to receive calls from
individuals who are deaf or hard of hearing, as well as individuals
with speech and communication disabilities. To learn more about how to
make an accessible telephone call, please visit <a href="https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs</a>. 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.
OMB Expiration Date: April 30, 2023.
Type of Request: Extension of a currently approved collection.
Form Number: N/A
Description of the need for the information and proposed use:
The regulations at 24 CFR 207.256, 24 CFR 207.256a, and 24 CFR
207.258 require a mortgagee to notify HUD when a mortgage payment is in
default (more than 30 days past due), when a mortgage has been
reinstated, and to submit an election to assign a defaulted loan to HUD
within a specified timeframe from the date of default. The regulation
at 24 CFR 200, Subpart B, requires lenders to submit delinquency,
default, election to assign, and other related loan information
statuses electronically to HUD. Lenders previously used HUD Form 92426
for these submissions, however, with the implementation of the
regulation requiring electronic notification, the Multifamily
Delinquency and Default Reporting System (MDDR) was established to
replace the paper form HUD-92426. HUD uses the information as an early
warning mechanism to work with project owners and lenders to develop a
plan that will reinstate a loan and avoid an insurance claim. It also
provides HUD staff a mechanism for mortgagee compliance with HUD's loan
servicing procedures and assignments.
Respondents: Respondents are FHA-approved multifamily lenders
(business or other for-profit).
Estimated Number of Respondents: 114.
Estimated Number of Responses: 1368.
Frequency of Response: 12.
Average Hours per Response: 10 minutes.
Total Estimated Burden: 228.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of
[[Page 67483]]
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.
C. Authority
Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35.
Jeffrey D. Little,
General Deputy Assistant Secretary, Office of Housing.
[FR Doc. 2022-24314 Filed 11-7-22; 8:45 am]
BILLING CODE 4210-67-P
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